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3 February 2020 | 3 replies
i haven't looked recently at the advancements, but are there any alternatives to carpet people suggest, including hardwood, that don't create a noise problem.Also, since a rental, I wouldn't want it to be cost prohibitive.I also like the idea of something that is a bit less maintenance than a carpet which is sometimes a pain to clean, repair or replace when tenants move out.Thanks for any input!
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25 February 2020 | 4 replies
High demand to own was fueled by record population growth and the number of people employed has never been higher.As the population increases for the last 3 consecutive years, the US Census Bureau published data that showed Maricopa County (Greater Phoenix/Southeast Valley) gained more people than any other county in the US.
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3 February 2020 | 1 reply
I also do not want to lever the total value of the properties above 50% (this will help immensely if there is another 2008 like downturn or any type downturn for that matter)(most conservative non-traded REITs like Blackstone use around 50% leverage as well) All 8 of our properties are very similar to this one example below.Using 5% Vacancy, 7% Repairs, 7% Capital Expenditures, 0% Management (self managed) in rental analysis calculator -Property A (paid cash) Year 1Purchase price: $80,000 Rent $1000/mo or $12,000 annualTotal Annual expenses $5,240Total Annual cash flow $6,760Cash on cash ROI $6,760/$80,000= 8.45%-Property A (Traditional 30 year fixed, 25% down, 5% rate, $2,500 closing costs) Year 1 Purchase price: $80,000 Rent $1000/mo or $12,000 annualTotal Annual expenses $9,105.12Total Annual cash flow $2,894.88Cash on cash ROI $2,894.88/$22,500= 12.87%-Property A (Alternative Lender 10 year, 25% down, 5% rate, $2,500 closing costs) Year 1 Purchase price: $80,000 Rent $1000/mo or $12,000 annualTotal Annual expenses $12,876.72Total Annual cash flow -$876.72Cash on cash ROI -$876.72/$22,500= -3.90%-The one alternative lender I found does not make sense as it creates a negative cash on cash return.
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8 February 2020 | 9 replies
Alternatively, I could see how a single story prefab or modular might make sense.
10 February 2020 | 1 reply
Are there ways to use an alternative phone number online or for cheap?
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10 February 2020 | 3 replies
However, I m finding my unhappiness at work is fueling my drive to push thru with real estate.I m not at a position to go full-time just yet, so when I m exhausted and unmotivated the first thing I think about quitting is my real estate education or training, until something crazy happens at work😂.
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11 February 2020 | 5 replies
You may be able to find a lender that offers alternative financing with less than 25% down however it will not be a Fannie/Freddie loan.
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10 February 2020 | 4 replies
I imagine there are imbedded fees that might exceed agents commissions, but I’m looking to move some personal properties quickly, and this seems like an interesting alternative to the traditional process.
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10 February 2020 | 8 replies
@Matthew Mello if I were you, I'd try to do an "apples to apples" comparison between the two alternatives you're most interested in.For example, pick a neighborhood in Providence and one in Fall River, and then find a 3-family on the market in each, with the same # of bedrooms and roughly same square footage, roughly same parking situation, etc.Then start working up a spreadsheet of income and expenses for each.
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12 February 2020 | 35 replies
When it comes to being a landlord, I just want a good tenant.Finally, the only thing to do, despite the alternate views I've expressed, is to keep marketing until the lease is signed and, to not sign a lease until money is paid.