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21 May 2024 | 4 replies
I honestly should have more money saved up considering my years of working full-time, however younger financial mistakes have been a painful lesson and I regret not purchasing a property sooner/younger.My most important and immediate goal right now is to purchase a property.I am in (what I perceive to be) a relatively high cost real estate area.
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21 May 2024 | 11 replies
EDUCATE YOURSELF - yes, it will take time, but will lead to a selection that better meets your expectations & avoids potentially costly surprises!
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22 May 2024 | 10 replies
.### Calculating ROI- **Total profit (not accounting for costs like maintenance, taxes, etc.):** Total amount received - initial investment = $601,816.40 - $235,000 = $366,816.40.- **ROI over 30 years:** ($366,816.40 / $235,000) x 100 = 156.09%.### Calculating Annualized ROI (CAGR)The formula for CAGR (Compound Annual Growth Rate) is:\[ CAGR = \left(\frac{Final\ Value}{Initial\ Value}\right)^{\frac{1}{Number\ of\ Years}} - 1 \]In your case:\[ CAGR = \left(\frac{\$601,816.40}{\$235,000}\right)^{\frac{1}{30}} - 1 \]Let's calculate this:\[ CAGR = \left(\frac{601816.40}{235000}\right)^{\frac{1}{30}} - 1 \]\[ CAGR = (2.56)^{\frac{1}{30}} - 1 \]\[ CAGR \approx 1.0303 - 1 \]\[ CAGR \approx 0.0303 \text{ or } 3.03\% \]This means your annualized return is about 3.03% each year over 30 years.
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21 May 2024 | 15 replies
We offer full-service management for a flat, monthly fee ($130/unit), plus 10% on any maintenance costs.
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20 May 2024 | 121 replies
Our properties are built by Morton Buildings The cost averaged about $1800 per unit + land costs.
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20 May 2024 | 11 replies
Charge them for smoking remediation (#2 cost made real).
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20 May 2024 | 177 replies
GC has a lower cost of capital relative to the average syndicator due to his social media presence.
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21 May 2024 | 2 replies
does this include all the expenses, capex, maint costs etc?
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20 May 2024 | 14 replies
After the closing cost, this home will probably cost me around 35k to purchase.I'll have 35k left to do another investment.
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22 May 2024 | 13 replies
The other consideration is the opportunity cost of buying just for appreciation.