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Results (10,000+)
Matthew Corica What lender should I use for Brrrr
19 March 2018 | 2 replies
The best thing to do is reach out to a local independent broker.
Kathleen Heine Analyzing a Flip Deal in NE Texas
20 February 2018 | 4 replies
I do wholesaling in the Dallas area and ran my numbers independently of what you said your pricing would be estimated at.
Kyle Mitchell AAR vs IRR - What is your definition?
13 February 2018 | 3 replies
It’s made up of three independent levers: free T, sex hormone binding globogin, and estrogen.
George Sharrett Carpet installer in Aberdeen WA?
9 February 2018 | 2 replies
I am looking for an independent carpet installer in the Aberdeen area.
Tim Magsby Tim from Nashville, TN
14 April 2017 | 3 replies
Now that my health is back on track, I want to continue my dream of being financially independent and help others accomplish the same.
Chrystopher Perez Hello from Orange 🍊 County!
20 May 2017 | 4 replies
I've been a long time learner and my boyfriend and I want to become financially independent!
Elijah Crowder 100% Funding through Investor or Hard Money Lender
15 April 2017 | 4 replies
Real estate investing isn't what it used to be but it's still one of the best vehicles for the average person to gain wealth and financial independence.
Michael Loffredo Any successful LI house hackers? also some general questions
2 June 2017 | 3 replies
I am already living rent free so the first one is less important, but one of my goals is to become financially independent in the near future, that and I am not sure how much longer my parents will be on the island.
Clementene Taylor Home Owner Insurance rates in Ok
3 May 2017 | 8 replies
@Jon PitcherI may be biased but you should check with independent agent depending on your coverage and where the property is located that might be high.
Maxwell Manatt Our first deal 10 months later, Duplex Little Rock Arkansas
17 April 2017 | 4 replies
That is reflected on the Pro Forma below.2314-2316 Blackwood RdLittle Rock, AR 72207Great area North of UAMSPercentagePercentageSales price$105,000.00asking price 140,000Down payment$21,000.0020%0.2Loan$84,000.00Interest rate5%Term20Closing costs$2,579.85%2.4570.02457Rehab costs10,000RENTSmonthlyannuallyUnit amountannuallytotal monthly rent incomeUnits 2 beds$750.00$9,000.002$18,000.00$1,500.00low end of estimated rent from local property manager$0.00$0.00$0.00Effective gross income$750.002$18,000.00$1,500.00EXPENSESmonthlyanuallypercentagepercentageTaxes$122.50$1,470.001.40%0.014derived from tax records, seems high but trying to use a conservative estimate.Property Ins$77.26$927.12$38.63per doorQuote from Mcghee insuranceMaintanance$120.00$1,440.008%0.08Property Management$150.00$1,800.0010%0.1HOA$0.00$0.00Utilities garbage, water$0.00$0.00$0.00per doorMortgage payment$557.74$6,692.88using 5.3% amortorized over 20 years.Vacancy$120.00$1,440.008%0.08TOTAL EXPENSES$1,147.50$13,770.00Costs up front$33,579.85Expenses$13,770.00Rents$18,000.00Cash Flow anually$4,230.0012.60% Cash on cash returnSo know we are 10 months out from this initial purchase and we have learned a ton.The good: -Property is fully rented at our projected rent and monthly expenses are in line with projections except:--Property taxes are a bit higher because in Arkansas the county does an independent assessment and does not use purchase price.