
9 April 2024 | 8 replies
All the properties are paid off except one I have with a owner finance deal.

9 April 2024 | 5 replies
We can locate top properties by analyzing the entire market all at once, run calculations on cash flow and expenses, and generate reports.

9 April 2024 | 1 reply
This strategic move paid off handsomely as we were able to command higher rents than initially projected.Here are the key financial details of the deal:Purchase Price: $270,000 (jointly with a partner)Financing: Obtained a commercial bank loan with a 30% down payment, 7% interest rate, and a 20-year amortization period.Initial Rents: $1050 and $1250Current Rents: $1400 and pre-leasing for $1500 (making it a 1% rule deal!)

10 April 2024 | 16 replies
How have you done with expenses, quality of tenants, turnover, cash flow, their property management team, customer service, etc.

9 April 2024 | 3 replies
Another time we just did a lease, tenant paid on time for 7 months and never moved in, and asked we terminate the lease, which we did.

9 April 2024 | 15 replies
The spa will also add to the expense of running the home, so you'll want to ask good questions about utlity and maintenance expenses, as well as booking history so you can make an informed decision.

9 April 2024 | 21 replies
all the time, so I try to every now and then share it with others and answer any questions.Location: Metro DetroitPrimary target: Purchase: $80k-$130kRent: $1100-$1500 (no rent control in MI)1% rule: 1%-1.4% rule dealsROI: 8-14%Cash flow: $150-$300/door (after all expenses and budgeting for maint, capex, vacancy)Appreciation: 3-7%+ (has been double digit for last decade)Location: C+, B- Some Notes:- I don't actually save 15% for vacancy, maint, capex any more.

9 April 2024 | 13 replies
The agent in Raleigh pointed out that the jobs coming into Columbus, in particular at the 20B chip plant would likely be more blue collar jobs vs. the higher paid tech work that is entering into Raleigh, which I believe she said was growing by 5,000 residents per...month?

9 April 2024 | 7 replies
That would cut into your expenses a good amount, add property taxes, insurance, property management, repairs, capex, and a small vacancy rate and you can see that number starts to go down rapidly.

10 April 2024 | 59 replies
Where I live in the East Bay Area, purchasing in an area already zoned for additional units is astronomically expensive.