Vidal Gonzales
Certified Appraiser Trainee
23 May 2024 | 2 replies
And that's the key right there - your best approach is to come up with ways to add value to a prospective supervisor.
Bruce Woodruff
So how is the Buyer's agent going to do come July?
26 May 2024 | 14 replies
Most became repeat buyers.This is different from the residential side for many agents and a little scary...rightfully so.
Jacob Guariglia
Experience with Land Equities Inc.?
27 May 2024 | 22 replies
But right now it seems like he’s trying to avoid me, ever since I asked to speak over the phone.It would be really nice AND CIVIL, if some of the folks who have previously posted questions and were interested in buying from him, would let us know how their experience turned out.
Michael J.
Stop email notifications for followed forums?
26 May 2024 | 12 replies
When you write a post, in the bottom right (above the cancel and post reply buttons) is a box that when checked says notify me when a reply is posted...uncheck that box.
Brian Bohrer
Maximizing Wealth: The Dynamic Duo of Assuming Existing Loans and House Hacking
23 May 2024 | 7 replies
With the power of assuming a loan, we have a tremendously better chance to cover this payment in the future, and maybe even take home some actual cashflow!
Ash Gowda
Tenant just requested for Rental assistance program, good or bad
24 May 2024 | 10 replies
If you are on a term lease with them and there is time left then yes, you 100% should do it.
Patrick Goswitz
Owner Finance Deal. Good or Bad?
22 May 2024 | 10 replies
That high down payment of $100,000 also helps reduce the risk quite a bit since it gives you a good chunk of cash right away and reduces the loan amount your buyer needs.To get a clearer picture of your return on investment (ROI) and your annualized ROI (CAGR), let's break it down step-by-step.### Initial Calculations- **Initial investment:** You bought the house for $235,000.- **Sales price:** $315,000.- **Down payment received:** $100,000.### Loan Details (After Down Payment)- **Amount financed:** Sales price - down payment = $315,000 - $100,000 = $215,000.- **Monthly payment from buyer:** $1,394.49.- **Loan term:** 30 years (360 months).### Calculating Total Returns- **Total payments received over 30 years:** $1,394.49 x 360 = $501,816.40.- **Total amount received (including down payment):** $501,816.40 + $100,000 = $601,816.40.### Calculating ROI- **Total profit (not accounting for costs like maintenance, taxes, etc.):** Total amount received - initial investment = $601,816.40 - $235,000 = $366,816.40.- **ROI over 30 years:** ($366,816.40 / $235,000) x 100 = 156.09%.### Calculating Annualized ROI (CAGR)The formula for CAGR (Compound Annual Growth Rate) is:\[ CAGR = \left(\frac{Final\ Value}{Initial\ Value}\right)^{\frac{1}{Number\ of\ Years}} - 1 \]In your case:\[ CAGR = \left(\frac{\$601,816.40}{\$235,000}\right)^{\frac{1}{30}} - 1 \]Let's calculate this:\[ CAGR = \left(\frac{601816.40}{235000}\right)^{\frac{1}{30}} - 1 \]\[ CAGR = (2.56)^{\frac{1}{30}} - 1 \]\[ CAGR \approx 1.0303 - 1 \]\[ CAGR \approx 0.0303 \text{ or } 3.03\% \]This means your annualized return is about 3.03% each year over 30 years.
Edward Briley
Buying Real Estate with a credit card
26 May 2024 | 27 replies
Or maybe sell it for the right price.The question I have for the forum is that the property is in a small town, and I am not sure the real estate agent that is handling the property will know how to do this?
Michael Reiserer
San Antonio market
26 May 2024 | 10 replies
That said there's definitely some up-and-coming areas in the gentrification heatmap on the right
Zach Steinberg
Should I open up another bank account?
26 May 2024 | 3 replies
Hi Zach,Getting start the right way is a smart move on your part.