25 June 2024 | 4 replies
A key component to cash flow will be loan terms..you could consider trying to incorporate a seller concession towards an interest rate buy down or costs to help improve cash on cash returns.
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25 June 2024 | 0 replies
Partner Driven financed the Jenner Cir deal using its own capital, covering the $300,000 purchase price and $20,000 to $30,000 in renovation costs.
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25 June 2024 | 17 replies
There can be big costs to join this group, but if you follow the system and need a lot of mentorship, it might be worth the investment.
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24 June 2024 | 4 replies
Protection from Nursing Home Costs: They also mentioned concerns about Uncle Sam taking my assets to cover nursing home costs.
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24 June 2024 | 11 replies
Yet, I barely survive thanks only to the pandemic era low interest rates and tax abatement.
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24 June 2024 | 13 replies
If you plan to be there LESS than 7 years, then I might consider NOT BUYING because if prices stay the same it will take nearly that long to pay down a mortgage enough to cover commissions and closing costs to sell and break even.
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25 June 2024 | 4 replies
Understand the fees involved and calculate the total cost for an entire year of management so you can compare the different managers.
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25 June 2024 | 3 replies
It feels more like a precautionary practice with very little cost.
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22 June 2024 | 21 replies
Rents do go up over time (as do costs, but hopefully at a lower rate).
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24 June 2024 | 5 replies
Excellent deal for the minority partners (zero cash contribution) but a low ROI even accounting for tax savings of $24k/yr on a $500k cash investment.