Andrew Syrios
Why There Will Be No "Eviction Tsunami"
4 August 2021 | 2 replies
If a landlord accepts this funding, the landlord agrees to forgive the remaining unpaid rent for that covered period."
Cory Yoviene
First Time Home Buyer
31 August 2021 | 9 replies
So if you bring a 2% earnest money deposit as part of your initial offer, you would bring a remaining 1% of your down payment to settlement.So in this case, you would close on a property with right around 25K (it will be the 3% of 300K down, along with about 4-5% in closing costs, so about 8-9% of 300K total).In a more stable market, you could request the seller to pay for up to 3% of your closings costs (for a conventional loan), so you could hypothetically offer 10K over asking price, and ask for roughly 10k back at closing so you are closing with as little as 14-15K out of pocket, like I did back in 2018.I hope this helps!
Brandon Shaffer
HELOC- Lessons Learned?
17 March 2021 | 26 replies
So I used my remaining HELOC as my down payment and a Hard Money Loan.
Lorenzo Tartamella
Vanity Phone Numbers (debate continues)
11 April 2021 | 0 replies
With so much competition the old-fashioned Telephone above all remains the best form of a comforting and personal way of instant communication.
Jack Glazer
Question on renting and occupying property
10 July 2019 | 2 replies
When I run the numbers on the rental calculator, my Cash on Cash is -72% because it doesn't take into consideration the fact that I'll be paying the remaining expenses including mortgage every month.
Brian Aragonez
Closing Costs in New Jersey
9 August 2018 | 2 replies
.) - $400.If you provide the settlement agent with more money than what is needed, then the remaining amount should be refunded to you a few days after closing.
George S freeman
how much money do i need
25 November 2022 | 27 replies
How much money do you need for the following, assuming all single family homes:1) 150k investment house2) 250k investment house3) 500k investment house4) 750k investment house5) 1mil + investment house.For option #1, my math was the below if I want to buy in an LLC:$37,500(downpayment)$5,600(approx 5% for closing costs on remaining loan amt)$6,750(rent reserves assuming 1500/mo rental for 3-6 months)$10,000(capex reserves just to start)$1,500(LLC formation)$2,250(45-day estimate to rent out property losing rental money)$1,500(1 month payment to property manager for tenant placement)$1,800(monthly management fee 10% of $150 for 12 months, paid monthly but allocated annually for budget)So just under $67k.I imagine this math plays linearly to other properties at different price points?
Tom McDermott
Denver market softening?
3 August 2022 | 19 replies
A lot of buyers have been priced out of the market due to the rise of interest rates and prices remaining high (although we are seeing the drops).
Greg Raymer
Ways To Increase Cash Flow From Your Properties
7 February 2023 | 1 reply
Here are some ways to increase cash flow from your properties:1.Raise rent: Regularly reviewing and increasing rent can help increase cash flow from your properties, but it’s important to ensure that the rent remains competitive and in line with the local market.2.Improve property management: Hiring a professional property management company can help streamline operations and increase efficiency, freeing up more cash flow.3.Increase occupancy rates: Increasing occupancy rates through effective marketing and tenant retention strategies can increase cash flow by reducing the amount of time the property is vacant.4.Implement energy-efficient upgrades: Making energy-efficient upgrades, such as installing energy-saving appliances or adding insulation, can help reduce utility costs and increase cash flow.5.Implement a preventative maintenance program: Regularly maintaining and repairing properties can help reduce the costs of major repairs down the road and increase cash flow.6.Diversify your portfolio: Diversifying your portfolio by investing in multiple properties in different geographic locations and markets can help reduce risk and increase cash flow.7.Refinance: Refinancing your properties can help lower your monthly mortgage payments, freeing up cash flow for other expenses or investments.By implementing these strategies, you can increase the cash flow from your properties and achieve a higher return on your investment.
AJ Wong
Absence of Inventory keeps housing supply limited
22 January 2023 | 0 replies
Locally throughout the Oregon and California Coasts sales activity and investor interest remains robust.