Jonathan Mueller
I bought Schitts Creek.....I bought a motel, now what?!?!
12 September 2024 | 58 replies
We toured the property and went under contract the next day.
Account Closed
How do I transfer Leases when buy a full rental property
5 September 2024 | 3 replies
If you have a property manager you are working with, they might be able to assist as well!
Antonio Maria Farinha
Strategies for scaling my condo portfolio
12 September 2024 | 5 replies
Hi Antonio,The most common way investors scale their portfolios is as follows:1) A cash-out refinance on their current investment properties.
Jagan Reddy
Cat urine challenge
5 September 2024 | 3 replies
Hello multi family investor gurusCat urine damages property very very bad.
Steve Dussault
Skip Tracing
12 September 2024 | 6 replies
Question - A lot of times there is a name on file but they don't live on the premises, how do I actually find the number for the property owner?
Ryan Gyllenband
HELOC in Texas on Investment Property
4 September 2024 | 39 replies
I have a number of rental properties in Texas.
Caleb Raymaker
Bay City, MI: Hidden Gem for Real Estate Investors? Let's Crunch the Numbers!
12 September 2024 | 6 replies
Impressive Rent-to-Price Ratios: Average rents for 3-bed homes are about $800-$900/month, potentially yielding 12-15% gross returns.Economic Transition: While historically industrial, Bay City is diversifying into healthcare, education, and service sectors.Revitalization Efforts: Downtown redevelopment and community initiatives are breathing new life into the city.Strong Cash Flow Potential: Low property taxes and insurance costs contribute to robust monthly cash flows.Let's crunch some numbers on a hypothetical deal:Purchase Price: $75,000Down Payment (20%): $15,000Mortgage (4.5% interest, 30-year fixed): $304/monthProperty Tax: $100/monthInsurance: $60/monthEstimated Repairs/CapEx: $100/monthProperty Management (10%): $85/monthTotal Monthly Expenses: $649Potential Rent: $850/monthEstimated Monthly Cash Flow: $201Cash-on-Cash Return: About 16.08% (not including appreciation or tax benefits)These are rough estimates, and individual properties will vary.
Ana Vhan
Landlord insurance for multiple properties
4 September 2024 | 5 replies
What is the best option for a landlord policy for someone who owns multiple rental properties(AZ and CA) and has no primary home or an auto?
Zachary Filstrup
Finding Partnerships for Out of State Investments
13 September 2024 | 2 replies
I am looking to buy more properties but putting down 20-25% each time plus closing costs etc is a lot of money that I also want to allocate to other goals.I have heard partnerships are a strategy to leverage other people’s money to create deals that will benefit both sides depending on terms that are setup.
Anthony Jaffa
Multi Family Property Deal --- Need HELP!!
4 September 2024 | 1 reply
Subdividing seems like the best route because you open up the potential buyer pool if you ever need to offload the properties or even a few of them.