Robert Trevino
New Construction 4plex Vs Purchasing 4plex
15 May 2024 | 11 replies
But you'll be cash flow negative for a while.
Griffin Malcolm
Help with Flip vs Rental Analysis
15 May 2024 | 4 replies
If we crush the rehab I think we can even push closer to 200Cash-Out Refi Amount: $131k (75% LTV of the conservative 175k figure) Profit if done as a flip: 60k. (175k - 115k purchase price & rehab)Cash Invested: 18k (This accounts for $7,500 for down payment to lender, $2,000 in EMD to seller, lender fees, inspection, insurance, title, projected 3 months holding costs at $1000 per month)----------------------------------------------------------------------------If I do it as a flip, from what I understand, I'll be hit with a ridiculous tax bill (24% short term capital gains + 15% self-employment tax), leaving me with roughly $36k after-tax profit. 36 - my 18 invested leaves me with 18k increase to my net worth.
Ed O.
Starting out - Avoid Bank of America
13 May 2024 | 25 replies
Either Zelle or Cash or Cashier Cheque.
Gurjot Grewal
Personal experiences in the “bad” neighbourhoods ?
17 May 2024 | 14 replies
They will each have about 20% NET (cash purchases) at about 60% of the ARV.
Cami Grant
Hello BP Community!
13 May 2024 | 4 replies
@Cami GrantIf you start your first home by investing in land, you can earn it through the Internet, market research, education, networking, research, risk management, and goal setting.
Hunter Harmon
House Hacking in San Diego
16 May 2024 | 17 replies
This implies the cash flow will improve with time.
Keri Aiken
1st multi unit rental
15 May 2024 | 0 replies
Purchase price: $68,000 Cash invested: $5,000 Sale price: $99,000 4 Unit quad in Medina NYRenters were tough and management company's locations are too far for a regular check up.Had a renter pass away and then DCS came in and the house was condemned due to farm animals in the upstairs unit where the person passed.We were too far to keep tabs on this investment so we sold the home.
Carlos Quiros
Refinance Question (New Investor)
14 May 2024 | 10 replies
Cash out to invest in other properties?
Michael Lightwood
Looking for whole properties coaching
15 May 2024 | 4 replies
Your first thought, without gimmicks is great, but will you have the cash to buy any of the properties because that is always the first gimmick of wholesalers?
David Vaitenas
Investing with Partners
15 May 2024 | 21 replies
We will eventually split the cash flow.