23 December 2016 | 30 replies
Thanks You are essentially looking for 100% financing (no skin in the game) and giving an 8% pref + 65/35 split.
8 January 2018 | 14 replies
Or if you are looking for lower prices maybe look into the midwest or the oil shale areas.Once you pick an area start to drill-down further by talking to realtors and chambers of commerce in cities in that area.
10 July 2019 | 26 replies
Here, you essentially multiply the outstanding capital by the pref and that's what you are accruing.
26 May 2017 | 2 replies
This primarily comes down to:increasing revenue - essentially raising rents {primary revenue stream} or adding ancillary revenue streams (parking, storage, vending machines, etc.)
23 June 2017 | 5 replies
There is no such thing as a truly passive income vehicle where you essentially "set it and forget it".
7 July 2017 | 6 replies
By over pricing your home based on the current comps in the area your essentially using the market against you.
13 July 2017 | 46 replies
The long term growth in property prices in the LA Long Beach metro is about 7.14% (1976 to 2016, Federal Reserve); so using the rule of 72, the price would or should double in 10 years.Also the 45% expense estimate is in some ways high as there are companies able to achieve 38 to 40% and rent would or should be expected to grow at at least 3% per year in LA even with rent controls to keep pace with inflation.It is sort of the nature of the LA market and some of the other markets where you essentially go long, as opposed markets like Atlanta or St.
2 March 2018 | 25 replies
Essentially took 3 months, the difference there is it rented for exactly what we thought it would.
8 March 2018 | 20 replies
See below..Purchase price: $180,000Down payment 25%: $45,000Finance 75% of purchase price: $135,000Finance 100% of renovation: $50,000 Total financed before refi: $185,000Total all in before refi (total financed+down payment): $230,000Cash out refi at 75% LTV of $310,000 ARV: $232,000So you could still pull your down payment back out and essentially be into it for close to nothing, with 25% equity - if all goes as planned.
20 August 2021 | 82 replies
So let's just say $700/mo was essentially wasted.