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4 February 2024 | 21 replies
Granted I have fewer properties so I do not get as much appreciation gain as they do since they will have more properties to appreciate.
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3 February 2024 | 11 replies
Cap Gains on this will be ~$400K. 1.
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3 February 2024 | 5 replies
The amount of insight and knowledge you'll gain by not doing it yourself and learning from the MANY mistakes you WILL make is invaluable.
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2 February 2024 | 9 replies
Hello, my wife and I invest here in Denver and in KC, MO. We'd like to take a deeper dive into the Wichita, Kansas area to get some understanding of what folks like and dislike about investing there. From a cursory lo...
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3 February 2024 | 15 replies
The knowledge you gain from seminars, podcasts, books, or websites are generic.
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3 February 2024 | 8 replies
Great place to invest I would talk to @Lucia Rushton thats her area she may have some additional leads and advice.
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3 February 2024 | 8 replies
Columbus in particular has a lot of potential for appreciation gains.
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3 February 2024 | 60 replies
Funny side note: On the 6% of interest you get from the CD you see as an alternative you have to pay income tax so depending on your income it might only be 5% or even 4%.In case you really mainly looking for a gain in value, you could also invest in stocks.
3 February 2024 | 3 replies
Hands off ADU additions in southern Ca are often one of the worse RE investments most due to the cost to build being higher than the value added by the ADU addition.
3 February 2024 | 20 replies
Bought for $157,100.38 *** *** ARV $245,000.00 5 bed 3 bath – Phoenix AZThese are the numbers from the HUD statement Bought for $157,100.38 *** * ARV $245,000.00 Existing Loan Amt Payoff $118,145.37 * Subject To $118,145.37 **** Closing Costs From HUD Title $1,045.00 Escrow $1,400.00 County Taxes $538.38 Recording Fee $120.00 Cash to seller $10,000.00 Misc other charges $525.00 Total Amount Due $ $13,628.38 *** Arrears To Bring Account Due Total Number of Missed Payments: 11 Total Payment Amount $10,095.47 Unpaid Late Charges $146.84 Additional Amounts: Foreclosure Fee/Cost $354.19 Unpaid Advance Bal $1,101.75 Total Amount Due $ $11,698.25 *** FHA Loan Mod 2nd $11,582.44 *** My Out of Pocket $36,909.07 *** Total Cost Basis of Purchase $155,054.44 ARV (After Repair Value) $245,000.00 Repairs Post Purchase $ 5,000.00 +/- Unrealized Profit $84,945.56 *** Equity (ARV minus Subject To payoff) $126,854.63 *** I strongly recommend having 3 months reserves as follows: Monthly Mortgage $917.77 (Taxes included) Electric Monthly $362.21 Water & Sewer Monthly $102.80 HOA – None $0 Reserves3 months mortgage payments @ $917.77 per month = $2,753.313 months Electric payments @ $362.21 per month = $1,086.633 months Water payments @ $102.80 per month = $ 308.40 Minmum Reserves Total $4,148.34Then I turned around and sold it on a Lease Option for $265,000 getting $20,000 down on a nonrefundable Option fee, and rent of $1,900 a month. *** My Out of Pocket $36,909.07 Option Fee To Me $20,000.00 My Adjusted Out of Pocket $16,909.07 ****** My Cash Flow * $ 982.00 monthly **So, I sold it for $20,000 more than street value, I get tax write offs, I got $20,000 back immediately as an Option fee, I cash flow at $982.00 a month and if they exercise their Option, I’ll get $146,854.63 (minus the $20,000 Option fee) equals $126,854.63 cash along with any pay down during their Option period.