Daniel Tanasa
Perfect BRRRR with minimal amount of work
16 September 2024 | 3 replies
What made you interested in investing in this type of deal?
Dani Beit-Or
What do you think of this subject-to deal in Metro Houston?
6 September 2024 | 3 replies
Loan Balance $295,000Loan Maturity Date 11/1/2051Property Specifications:SFHBedrooms 4Bathrooms 3Square Feet 2316Year Built 2021Garage Size 2Schools Rating (scale 3-30, 30 is best) 18Lot size (sq ft) 7,631.0Purchase price: $330,000Market Value: $350,000Estimated Financial AssumptionsMonthlyYearlyRent (upper)*$2,350$28,200Rent (lower)*$2,250$27,000Property Taxes$425$5,100Insurance$200$2,400Repairs$65$780Property Management Monthly (%)0.00%Property Management Monthly ($)$75$900Leasing Fee$95.80$1,150HOA$146$1,752Vacancy Rate4.00%Total Fixed Expenses$1,096$13,150Total Expenses (Fixed + Mortgage)$2,620$31,437Hey @Dani Beit-Or, as a straight rental the cash flow in this deal isn't just "tight" — it's non-existent!
Taylor Wong
Analyzing deals in Colorado Springs - Assuming VA as a civilian
6 September 2024 | 9 replies
Repairs should be 10%You can get rid of Capex though, as no one really worries abot it on SFR.How much research have you done on property taxes?
Hares Najand
How to Split Water Bill for Duplex with Single Meter
16 September 2024 | 6 replies
However, this might involve significant upfront costs and logistical challenges.
Chad Kirkpatrick
ADU - what is the ROI for an ADU in Phoenix
16 September 2024 | 1 reply
It depends on so many different factors.Income approach: I think this would be most appropriate for this situation.
Matt Jones
Short Term Rental In Morrison CO
16 September 2024 | 10 replies
For those following along at home, that language is found in Title 10, Chapter 1, Article E, section 6 (or 10-1E-6) in the municipal code.It reads: "The renting or leasing of real property for residential occupation for periods of time less than thirty (30) days is prohibited in any zoning district within the town, except as permitted in this title for hotels, motels and bed and breakfast inns."
H. Jack Miller
Property Management Question- Accounting
16 September 2024 | 5 replies
I am unclear what this post is asking for.There are definitely a need for accounting and CAM management.
Conrado Balicusto
Requesting Investment Strategy Advice for a Real Estate Newbie
2 September 2024 | 8 replies
This also works out well for appreciation.Accepting ‘zero cash flow properties’ is really just a compromise on your part that I would suggest you not make.
Collin Luckett
Buyers want something fixed after closing
17 September 2024 | 1 reply
This was within 10 days. 2 weeks later and the buyers messaged and said it was still leaking.
Angel Perez
Combining Cash Out Refinicing and stocks for Financial Freedom "Ish"
16 September 2024 | 1 reply
This could boost your cash flow without relying on stock market returns (Which can be volatile)2.Real Estate Professional Status (REPS): If you’re leaving your W2 job, qualifying for REPS can allow you to deduct real estate losses against your ordinary income, giving you a big tax break.3.Cost Segregation: This can accelerate depreciation on your properties, creating significant tax deductions.