20 February 2018 | 0 replies
Housing inventory across the U.S. currently stands at a 3.2-months' supply, according to the latest report from the National Association of Realtors.The inventory of homes for sale is low by historical standards, and that represents a seller’s market.
27 February 2018 | 14 replies
No is low risk, yes is always a risk I try to mitigate.Separation in business decisions is essencial in my opinion.
21 February 2018 | 3 replies
And the connection to high density / low income housing - aka 1 BR units.
6 March 2018 | 19 replies
My criteria for buying are at least a 10% CoC return, and $100/month or more in net cash flow PER door (hopefully closer to $200/door).List Price: $179,900Down Payment: $44,975 (25% down, assuming I buy at list price)Repair Estimate: $5,000Closing Costs: $2,500TOTAL CASH IN: $52,475Loan Amount: $134,925Loan Terms: 5.25% fixed rate, 30-year mortgageMonthly P&I: $745Monthly Rents: $2,000 ($1,000 per side)Vacancy Loss: $100/month (I estimate 5 - 8% on multi-family properties, depending on how popular the area is).TOTAL MONTHLY INCOME: $1,900 ($2,000 - $100 in vacancy)Taxes: $154/month (you can usually find the actual tax amount paid for the previous year on your city's website)Insurance: $100/month (ask other investors in your area what they pay, or for recommended agents who can give you quotes)Water/Trash: $80/month (this is typically paid by the landlord in my area)Sewer: $50/month (also typically paid by the landlord in my area)Lawn/Exterior Maintenance: $75/month (my property management company offers this service)Maintenance: $100/month (people budget anywhere from 2 - 10% for this... if it's a well updated and maintained property in an area that attract responsible tenants, I budget on the low side)Property Management: $100/month (usually 8 - 10%, but you can find PM companies that do it for less... just make sure they're good at what they do!).
22 February 2018 | 2 replies
I rely heavily on facebook groups to rent my low rent properties.
21 February 2018 | 12 replies
Low flow fixtures especially toilets.
26 May 2018 | 24 replies
I fully expect with EXP through the revenue share program I'll be working at 100% year round including the low monthly fees and once a year education fee.
24 February 2018 | 11 replies
My cash reserves are somewhat low and so I would like to learn more about the up and downsides of using private lenders and hard money lenders.
20 February 2018 | 4 replies
I understand that syndication investments are low transaction volume investments and, therefore, less of a need for checkbook control.
15 July 2018 | 22 replies
I received some quotes on getting the utilities and septic on it, and I’m looking at about $10k to get it going minus the $4k or so worth of timber I can have removed.From here I still would need a mobile home, which I wouldn’t really have money left for after the utilities are setup, so if anyone has any advice on picking up a mobile home free or at a low cost it would be appreciated as well.