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21 February 2024 | 1 reply
This will give you an idea of the average sale price and what you can expect to get for the property if you make the necessary repairs and upgrades.Property History: Look into the property's history, including any previous owners, liens, or legal issues.
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21 February 2024 | 7 replies
. $2,500-$2,700 in rent but have a $1,900 mortgage (including current property taxes) plus $100 for insurance, plus a 10% chance of no one renting and another 10% set aside for repairs.After all that I'm in a range of breaking even or making $200 a month with this as a rental.
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21 February 2024 | 7 replies
This is one of the main reasons people go with DSCR Loans or other similar options versus conventional - ability to do LLC, especially with the BRRRR Method (which sounds like what you are doing).PS - heres an article published on BP which includes pros/cons/differences on financing options for BRRRRR hard money/refis https://www.biggerpockets.com/blog/brrrr-loans-what-are-the-...
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21 February 2024 | 0 replies
Standard lessons include the inevitability of interesting challenges.
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20 February 2024 | 2 replies
We made great GCs that helped us finish our project.
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21 February 2024 | 24 replies
Estimated Rent (based on neighborhood median) = $2800Total expenses including HOA, Capex, Property Mgmt, and 50% rule for maintenance = $2750Cash flow = $50 :(Do I hold onto this gem or sell it and move onto a new strategy??
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21 February 2024 | 0 replies
Housing undersupply includes supply of land for development, which you obviously need to build a home.
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21 February 2024 | 17 replies
Also is access to AirDNA included in my Pro Subscription?
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21 February 2024 | 11 replies
They are being "sold" on real estate providing so much tax benefit that it includes deduction against their regular income...
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21 February 2024 | 14 replies
Do they include property tax and estimated income tax from the projected profit?