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3 February 2025 | 8 replies
Would love to connect, regardless of real estate experience I know we could all be of value to one another.
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9 February 2025 | 12 replies
Keep in mind, such an appraisal may not be able to be used by your lender, but perhaps you can request an appraiser with investment property experience (wherever they may be).
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22 January 2025 | 4 replies
If you have considerable equity in the property or multiple properties it's even more important.
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16 February 2025 | 5 replies
I look forward to connecting with like-minded individuals, learning from your experiences, and contributing to this community.
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17 February 2025 | 3 replies
Also, at this time I had seen properties selling for 10 – 20% over ask regularly.Interest Rate 30 year conventional 7%Homeowners Insurance = $1,000 annuallyRents = $1,800 per monthWhen I looked at those assumptions, I would need to put down $80,000 on this house to get it to hit my cashflow goal of $500 minimum per month which equates to 35% down.Total mortgage + escrow = $1,267.13 per month with rents at $1,800 my monthly cashflow is $532.87.From my experience, after taking out vacancy and maintenance costs you are left with around 73% of that total cashflow number once the rental is established.People have asked why a $500 per month cashflow goal.
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7 February 2025 | 9 replies
I made a few thousand less than expected but I figure that's just the cost of doing business sometimes.Based on my experience I wouldn't let the remote possibility that a homeowner might go into greed mode dissuade you from doing these deals.
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16 January 2025 | 4 replies
One week into 2025 and the US housing market is facing considerable new challenges.
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16 February 2025 | 14 replies
Does anyone have experience with banks that offer these without fees?
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5 February 2025 | 0 replies
What has your experience been investing with Networthy.us?
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11 February 2025 | 11 replies
You both clearly have experience dealing with this firsthand, and I want to see if there's a way to balance enforcement with profitability.