Doug Poirier
Is this the future of flipping houses?
29 December 2022 | 19 replies
It's strictly between a flipper (contractor) who has the capital and abilities to do the work and the homeowner.
Frederick Lee
Real estate Investor
2 January 2023 | 13 replies
There are too many great tax benefits for RE investors that are overlooked by tax professionals who do not have the time, knowledge or ability to be strategists for investors.
Jacob Fussell
Should I back out of this deal??? Foundation/waterdamage…
30 December 2022 | 5 replies
Ask yourself if the damage affects the long term ‘hold-ability’ of the property?
Pat Rach
I’m 17, what can I be doing?
3 January 2023 | 19 replies
it's just easier than the more advanced strategies...House hacking still takes significant due diligence, skill in analyzing the market and the property, time and effort to learn about tenant screening and property management, the ability to anticipate appreciation/depreciation trends, etc., etc., etc....and even with lots of skill and preparation, things will still go wrong (vacancy, plumbing leaks, bad tenants, etc.)
Jimmy O'Connor
Basics of Real Estate math as explained by AI
2 January 2023 | 8 replies
For example, if the investor put down a 20% down payment ($60,000) on a $300,000 property, the cash on cash return would be calculated as follows: Cash on cash return = $12,000 / $60,000 = 20%.Debt service coverage ratio (DSCR): The debt service coverage ratio is used to determine the ability of a rental property to generate enough income to cover its debt payments.
Jim L.
Foreclosure that is set to be auctioned off
1 January 2023 | 23 replies
but bringing it current and taking title sub too is something that we have done for years and years.. its hair on fire and you need to risk that your not getting title insurance so its not for those who cant afford to lose the money you would give the seller or the bank bringing it current incase you made a bone head move.
Jim Basar
Property Taxes Spike
4 January 2023 | 19 replies
The most they can do is pass a bill that tightens regulations on tax hikes, pass a law that allows residents of Texas to vote on tax increases in their local community, or increase state funding for public education (the largest item that property taxes cover).
Tracy Graham
Contractor price on move out repairs/paint
27 December 2022 | 18 replies
Sounds a hair high to me, but of course we have no idea without seeing the place.As @John Underwood said, this stuff is better suited to a handyman.
Alfredo Martinez
Refinance and HELOC question
9 August 2018 | 5 replies
Most times clients hair fly through them without review.
Shanae Williams
What keeps you motivated and focused?
8 September 2018 | 106 replies
Keeps me connected to the game, growing in my abilities, is a reason why I work out because the kids age stay the same but I get older every year, and finally I want to be able to do it whenever I want.