Brandon O.
Recommendation for New Home Builder/contractor?
8 August 2024 | 8 replies
I am also building in the area, Have completed 12 builds this year. and just started 7 more.
Account Closed
Looking to connect with BRRRR investors/realtors
7 August 2024 | 3 replies
I'm looking to connect with more experienced BRRRR investors/realtors to learn more about how to build a team and the markets to invest in.
Harry Kniznik
Rent or Sell my Condo Feedback Requested
8 August 2024 | 2 replies
I put some numbers below into this Rent or Sell calculator.https://www.narpm.org/members/resources/rent-vs-sell-calculator/ESTIMATES ON ROI (15 year time frame)at 5% Appreciation would profit $100K if SELL nowat 6% Appreciation would have $3,500K more if KEEP and sell after 15 yearsat 7% Appreciation would profit 122K if KEEP and sell after 15 years(Assuming a conservative 6% ROI on money invested from sale.)NOTE: The property appreciated 10% in the last year so I’m thinking 7% over the next 10-15 is reasonable.DETAILSSale Value: $520,000 (Best guess)Paid: $437,000Original Mortgage: $415,000Mortgage Balance: $380,000Interest: 3.375%Monthly mortgage: $2,899Mortgage Difference: $1064Annual Taxes, Insurance, HOA etc**: $20,345**$13,865 (Non Homestead tax) $4,680 (HOA) $1,800 (Landlord Insurance)Monthly Rental Charge $3,500*Appreciation 7%Years to Hold: 15More assumptions used in ROI Estimates Above90% occupancy,15% capital gains charge6% selling feeRate of return on gains if selling now instead 6%Annual maintenance 1%Annual rent increase 4%$3,500 is slightly aggressive. unlikely I could get more.Thanks in advance for any constructive thoughts and comments!!!!
Julie Muse
Quick Flip Success on Pala Mesa Drive: Minimal Investment, Maximum Return!
1 August 2024 | 1 reply
Our partner, Graham Lyster, discovered the Pala Mesa Drive property and brought it to our attention.
Alex Hileman
New Investor Looking for Lending Advice
7 August 2024 | 27 replies
Can you tell me more about partnerships?
Paul Post
How much info can a PM share with a landlord?
9 August 2024 | 47 replies
These are all more important determinants of tenant quality than a credit score.
Kris B.
NAR settlement effect
7 August 2024 | 13 replies
What's your take on no more 6% commission and how this will change the way you operate?
Brian J Allen
Bussing, Cars, and Jobs in Worcester
8 August 2024 | 0 replies
This means attracting businesses that provide jobs within the city and creating more shopping options.
Nathan Gesner
Fake Paystubs??? Landlords beware!
8 August 2024 | 5 replies
Anyone can create fake paystubs, tax forms, and more.
Joe Henry
Would bank finance repairs on home with prior owner note still open? (foreclosure)
1 August 2024 | 15 replies
> Military husband/wife buy new home, divorce, stop paying note and hoa> Husband is erroneously removed from title by tax appraiser, HOA forecloses on wife, I buy home at auction> Now I am on title, wife and husband on note, bank cannot foreclose because husband is protected by SCRA > (more on this in the above post, but husband does not want the house back)A while after moving in I discovered water damage inside a wall where rain has been getting in due to needing a new roof.