Joseph Lopez
Always have multiple exit strategies built in to your projects
31 January 2024 | 1 reply
That gave us time to hold the property as a rental and discover its potential use.
Bruno Torres
Home is not renting!
30 January 2024 | 16 replies
You could also try contacting some agencies such as those that provide shelter for troubled teens or home health care that may rent the house to use for the business and cover all repairs.If you sell, you could then consider placing the capital into a more passive investment in a syndication to not have to then worry about repairs and tenant placement or deciding when is the right time to sell.
Susie C.
STR Friendlier Cities?
31 January 2024 | 20 replies
What you're going to want to do if you truly want to avoid potential regulations is to avoid "Urban" markets, which have a risk of future regulations, and look more towards true vacation markets.
Account Closed
Boutique Motel Owners
31 January 2024 | 18 replies
I think the rents would be lower but potentially less headache.
Jonathan Rusiecki
Embarking on a Real Estate Adventure – Seeking Your Guidance!
31 January 2024 | 4 replies
Where to start:Just a couple of considerations:Residential...you could possible get a check on a lease in a week or so from the day you start, probably not common, but potential.
Oliver Marson
Guidance of Wholesaling Endeavors
30 January 2024 | 4 replies
The concept of wholesaling has captivated my interest, and I am eager to delve into its potential advantages.With profound respect for your expertise, I am curious about your experiences with wholesaling, if any.
Thomas Yourkiewicz
Toledo Ohio. Why is Toledo an investor friendly area?
31 January 2024 | 33 replies
question for you guys. how is the rental demands in the 43623 areas. ive came accross few potential properties. but not sure how rental demand is. ive checked zillow and seem to see the same properties "for rent" posted for over a month. is there is little demand in this zipcode even though its in a better area?
Mark Ordoyne
Central A/C or Mini Split
31 January 2024 | 7 replies
Plus, one of the biggest draws is the potential energy savings, which you typically don't even benefit from as a landlord if the tenant's paying the power bill.
Brett Merrill
Business and Building BRRRR deal for 0% down
30 January 2024 | 2 replies
Recognizing the untapped potential beneath the surface, I set out to forge relationships with both the sellers and the dynamic managerial duo.The key to this success story was my ability to be a problem solver.
Tony Pellettieri
Possible Solution to a Friends HML in default - Deal Analysis
31 January 2024 | 2 replies
Based on a rough analysis for a project timeline, I believe the total project can be completed in 5-7 months with the team I have available if we get involved in completing the work on the project.Deal Analysis as a whole - Actual Costs may be slightly different but estimates should be fairly closePost Construction Estimated Market Value - Lot 1: $379,000 Lot 2: $307,000 Total Estimated Market Value $686,000+- $102,000 - Cost to payoff HML & Previous Builder- $154,800 - Estimated Cost to complete House #1- $170,370 - Estimated Cost to complete House #2: Includes New Well/Septic $7500, Impact Fees $2100, Permits $1000= $427,170 - Estimated Cost to Payoff HML, Complete Construction on House #1, and Construct House #2+ $686,000 - Total Future Market Value- $20,580 - 3% Buyer Agent commissions as the current owner(Listing Agent) will be listing these properties without compensation- $2,538 - Real Estate Transfer Taxes- $1,500 - Settlement Costs Paid at Closing______________________________________________ $234,212- $27,900 - Payment to Seller for Down Payment made by seller to HML @ Origination (For her to break even)= $206,312 - Potential Return before any Interest/Fees/Taxes/EtcROI: 45.3%RoR: 68.9% PM: 30.07% Acquisition/Exit: 8 MonthsI've spoken to a few HM Lenders and ran rough numbers by them.