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25 June 2018 | 11 replies
Hi guys,I'm looking into non-local note investing as a means of achieving a 2nd income. $1,000 a month would be great and pay much of my monthly expenses, so that is my first goal.
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19 June 2018 | 13 replies
My long term goal is to acquire enough long term buy-and-hold cash flowing rentals (SFH or Multi, depends on the market as this progresses) to replace my salaried income and ultimately, achieve FI.Looking forward to meeting some of you.
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28 July 2018 | 3 replies
They may be able to refer legal counseling services for this niche.
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3 July 2018 | 8 replies
You can utilize a service such as IMAPP to pull comps, but if you don't have a subscription it could be costly..
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26 June 2018 | 5 replies
I've searched biggerpockets and i HAVE found some suggested online payment options but they all come with a suite of services i dont need.
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15 June 2018 | 0 replies
I wanted to reach out to folks that have rental properties around the Houston area and offer cleaning services for Airbnb/ move in/ move out cleaning.
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27 June 2018 | 9 replies
Derrick and Daniel, my General Contractor company, Property Pro Services, LLC could provide you with investor repair, renovation and remodeling services.
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18 June 2018 | 4 replies
Typically you will want to work with a direct to FNMA lender that doesn't have any overlays, but smaller community banks or credit unions that service their own loans could work as well.
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23 September 2019 | 1 reply
Total Insurance Estimate $ 262.50 Current rent $ 800.00 $ 9,600.00 $ 10.40 $ 21.88 Less: vacancy allowance - 10% $ 40.00 $ 480.00 Net Rental Income $ 760.00 $ 9,120.00 Property Taxes 2.5264% $ 505.28 Plus: Other Income $ - $ - Total Income $ 760.00 $ 9,120.00 $ 9.88 EXPENSES Property Management $ - $ - Repairs & Maintenance $ 100.00 $ 1,200.00 HOA $ 250.00 $ 3,000.00 Advertising & Legal Insurance $ 167.00 $ 2,004.00 $ 2.17 Total Expenses $ 517.00 $ 6,204.00 $ 6.72 Net Operating Income (NOI) $ 243.00 $ 2,916.00 Less Debt Service (PI) $155.06 $ 1,860.72 $ 2.02 Less Property Taxes $ 42.11 $ - Net Cashflow $ 45.83 $ 1,055.28 Operating Expense Ratio 68.0% (Total Expenses/Total Income) MORTGAGE INFO Total Loan Amount $ 20,000 Type of Loan Seller Financed Term (Months) 240 Interest Rate .07 Down Payment $ 2,000 10.00% Monthly Payment (PITI) $155.06 Purchase Price $ 75,000 Closing costs $ 3,000 Rehab $ 7,000 Total initial investment $ 85,000 LTV 27% Loan Amount/Purchase Price Cap Rate 4% Annual NOI/Price Cash-on-Cash Return 146% Annual before-tax cash flow (i.e., NOI)/Down payment
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25 June 2018 | 30 replies
I've actually done a lot of that in the past, and achieved much success.