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16 September 2024 | 40 replies
In short, getting the capital needed is possible, but doing so will take time and effort.
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15 September 2024 | 22 replies
Your time and effort understanding my argument will create a discussion many other can follow and use as a reference guide for similar individuals with similar discussions.
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12 September 2024 | 6 replies
Impressive Rent-to-Price Ratios: Average rents for 3-bed homes are about $800-$900/month, potentially yielding 12-15% gross returns.Economic Transition: While historically industrial, Bay City is diversifying into healthcare, education, and service sectors.Revitalization Efforts: Downtown redevelopment and community initiatives are breathing new life into the city.Strong Cash Flow Potential: Low property taxes and insurance costs contribute to robust monthly cash flows.Let's crunch some numbers on a hypothetical deal:Purchase Price: $75,000Down Payment (20%): $15,000Mortgage (4.5% interest, 30-year fixed): $304/monthProperty Tax: $100/monthInsurance: $60/monthEstimated Repairs/CapEx: $100/monthProperty Management (10%): $85/monthTotal Monthly Expenses: $649Potential Rent: $850/monthEstimated Monthly Cash Flow: $201Cash-on-Cash Return: About 16.08% (not including appreciation or tax benefits)These are rough estimates, and individual properties will vary.
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12 September 2024 | 15 replies
Identify the area where you want to concentrate your efforts.
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14 September 2024 | 23 replies
Believe me, I made every effort.
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11 September 2024 | 3 replies
Whatever you choose, it’s all about balancing cost, effort, and potential return!
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10 September 2024 | 7 replies
For smaller properties, my initial instinct is that the effort is not worth the few dollars a month you will make, but if it is nothing more than calling a few vendors to get pricing, it could be worth the minimal effort.
12 September 2024 | 9 replies
And you are so right about the marketing efforts, I'll be adjusting that accordingly!
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10 September 2024 | 0 replies
Strategic pricing and marketing efforts attracted buyers immediately.
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10 September 2024 | 2 replies
I'd like to thank Brandon Turner for his successful efforts in establishing a community for would-be and aspiring real estate investors.