Mike Taravella
TO REFI OR NOT TO REFI THAT IS THE QUESTION
4 April 2018 | 6 replies
Below is the details of my properties:Property 1:Purchased in May 2016Original Purchase Price $63,000Remaining Mortgage: $28,000Current Market Value: $85,000LTV: (28,000/85,000)= 33%Property 2Purchased in November 2017Original Purchase Price: $100,000Remaining Mortgage: $84,000Current Market Value: $105,000 LTV: (84,000/105,000)= 80%Total Portfolio LTV= (110,000/190,000)= 58%Thanks in advance!
Patrick Philip
What statistics affect the inventory of distressed properties?
4 April 2018 | 1 reply
@Patrick Philip total forclosures
Account Closed
Any books on how to value add 21 units
5 April 2018 | 13 replies
Account Closed It totally depends on the location, class of property, when it was built and what the market will accept.Most of my stuff is class C in a smaller town so I do not over-improve but I make it nice, clean and liveable.That means new paint, vinyl plank flooring, selective cabinet upgrade or painting with new hardware (white is in these days).
Kyle Grimm
Help Analyze Mobile Home Park! -rough numbers attached
5 April 2018 | 6 replies
It will cost at least $20k each, for a total of $84k with a CAGR of 1%.
Greg L.
Managing Interest Rate Risk
4 April 2018 | 10 replies
If you go this route, I would focus on a single property - the one which is costing you the most in interest and/or the one which will yield the biggest free cash flow once paid down - until you reach any prepayment limits imposed by your financing terms.Additionally, if you are able to switch your payments to {accelerated} bi-weekly (26-payments a year) from monthly, that alone will trim your amortization and total cost of borrowing.Another thing I frequently do is to take-on variable rate financing on a property (which is usually at a lower interest rate than a fixed rate loan ... by as much as a 1 pt), but set my payment as though I have a fixed rate loan.
Joe Senchuk
Lease expires, tenant signalling they will refuse to vacate
19 April 2018 | 33 replies
I do not understand compassion in business and, since you gave no background, you came off as a total nub.
Keith Linne
First Deal Analysis Feedback
4 April 2018 | 2 replies
Equity accrued is $944, for a total first year ROI of ~13.8% ($2,756/$20,000).
Jay Hinrichs
Market reports that all investors should be looking at
16 April 2018 | 6 replies
https://altos.re/r/85542a0 Here is the city were we currently building out a 23 home project.we are priced new construction at 439k to 469k exactly the sweat spot.. we have only 5 left after starting the year with 21 to sell.. this project will start to finish in just about 1 years time.although from the time I put the first deposit on the dirt to the time we went vertical took two years.. so total 3 year process.
Danny Herrera
Tips for starting Investing while moving around
5 April 2018 | 7 replies
You will have an entitlement limit of let's say $450k, you could in theory buy two homes in different areas if your total loans between 2 homes are under that $450k.