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9 July 2024 | 6 replies
You can get all your permits in order before then so you’re ready to go, but you might have to wait a year to start the project depending on when those leases expire.
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9 July 2024 | 5 replies
The current market value of the home is about $645,000.Key Details:Purchase Year: 2020Purchase Price: $415,000Current Market Value: $645,000Mortgage Interest Rate: 2.99%Equity: $320,000Current Monthly Cash Flow: $1,450Return on Equity (ROE): 5.44% (without variable expenses)Return on Investment (ROI): 14.5% (without variable expenses)However, I've noticed some trends that are starting to concern me:- Home prices in my area are slightly reducing, and rental prices are also on the decline.- There are more houses listed for sale and rent in the neighborhood, which is pushing rent values down.- My current lease is up in September and the tenant is leaving, and I expect my monthly cash flow to reduce to $950, lowering my ROE to 3.57% and ROI to 9.5%, again, without variable expenses.- Homes are staying on the rental market for a few weeks, sometimes months, even at lower prices.
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8 July 2024 | 16 replies
Hey everyone,I am an out of state investor and im starting doing fix and flips in pittsburgh, the main obstacle for me now is estimating rehab costs from the videos, can you please advice from your knowledge how can i learn to do itThanks in advance.
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7 July 2024 | 8 replies
The job is about 1 year, 3 months from start to finish.
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4 July 2024 | 3 replies
I’m often asked by new investor hopefuls how to get started in real estate when cash is light.
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7 July 2024 | 11 replies
That is where I started with my VA loan, and they pointed me in the right direction.
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7 July 2024 | 5 replies
I am an ambitious retired network engineer who started that career after closing down my first business which was in the automobile industry، sooner later I developed an interest in investing in my property and other ones by using Airbnb. it was a really funny story to begin but you know that after one year I would be managing 33 luxury apartments distributed across one of the fastest growing communities in my country.
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5 July 2024 | 12 replies
However, he starts to talk about how you may sometimes overpay for a property because you are not necessarily worried about what the property is worth today but about the “long-term play.”
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8 July 2024 | 7 replies
Start by joining local real estate groups, studying the market, and learning more.
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7 July 2024 | 2 replies
I started looking into real estate as a way to financial independence around that time and was offered to buy my first property by a family member who was looking to leave the investment world.