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Results (10,000+)
Ben N. Looking for recommendation to create + transfer property into LLC
1 March 2018 | 3 replies
Does anyone know a bank that will let me setup an account at the Series level
Steven Dreyer What can I do while I wait?
20 February 2018 | 8 replies
You may be surprised at the different levels of completion that they have.
Glenn Gayet Choosing Between Brokers - Rentals
19 February 2018 | 5 replies
If they like what they see from that they're usually more serious about renting it and the process can move much faster making rentals worth my time.  
Michael Pham Inputs regarding properties in Hartford, Connecticut
12 October 2017 | 4 replies
I had attended one of those real estate seminars, then signed up for the next level of training which also included TAX liens. 
Christopher Ward Funding strategy for first deal
10 October 2017 | 3 replies
Of course it's all about comfort level and what kind of rentals you buy but you can certainly play it safe and do waaaay less than 100% cash.
Vinay C. Closed my first house hacking deal in Los Angeles (LA) - Part 1
4 July 2020 | 23 replies
If we were to rent out the front house that we currently live in, I would estimate it to be about $3500 or more for it, since it was remodeled, and it looks great.Analysis:So I did the math (high level) using 2 different scenarios.Scenario 1: If both the houses were rented.Property/Deal ProfileGeneral GuidelinesPurchase Price700,0001 Percent Rule (%)0.857142857Down Payment (%)3.50%50 Percent Rule3000Down Payment ($)24500Cap Rate8.214857143Interest4%Cash-on-Cash Return26.73744578Term (years)30Loan amount687,321IncomeCash FlowRental Income 12500Total Monthly Income6000Rental Income 23500Total Monthly Expenses5075.33Laundry IncomeStorage IncomeMisc IncomeTotal Monthly Cash Flow924.67Total Monthly Income6,000Total Annual Cash Flow11096.04ExpensesCash-on-Cash ReturnTaxes750Down Payment24500Insurance58Closing Costs0Water/SewerRehab Budget30000GarbageMisc Other-13000ElectricGasTotal Investment41500HOA FeesLawn/SnowVacancy200Repairs200CapExProperty Mgmt.Mortgage Insurance Premium586.33Mortgage3281Total Monthly Expenses5,075.33Cash-on-Cash Return26.73744578 Based on the above analysis, here are the key takeaways – 1)The property cash flows - $924/month 2)Cash on cash return is 26% which is pretty good in LA I reckon.3)The main thing I would like to note is the solid Cap Rate of 8.2Scenario 2: The actual scenario with only one rental income since we moved into the front house.Property/Deal ProfileGeneral GuidelinesPurchase Price700,0001 Percent Rule (%)0.357142857Down Payment (%)3.50%50 Percent Rule1250Down Payment ($)24500Cap Rate2.214857143Interest4%Cash-on-Cash Return-74.46737349Term (years)30Loan Amount687321IncomeCash FlowRental Income 12500Total Monthly Income2500Rental Income 20Total Monthly Expenses5075.33Laundry IncomeStorage IncomeMisc IncomeTotal Monthly Cash Flow-2575.33Total Monthly Income2500Total Annual Cash Flow-30903.96ExpensesCash-on-Cash ReturnTaxes750Down Payment24500Insurance58Closing Costs0Water/SewerRehab Budget30000GarbageMisc Other-13000ElectricGasTotal Investment41500HOA FeesLawn/SnowVacancy200Repairs200CapExProperty Mgmt.Mortgage Insurance Premium586.33Mortgage3281Total Monthly Expenses5075.33Cash-on-Cash Return-74.46737349In the actual scenario, I am paying $2575 every month towards the house.
Craig Garrow How can I make this work?
6 June 2018 | 8 replies
If you have to level ground, box out soil, add 10" of stone, etc, your costs will push up toward $30 per square foot and at $0.45-50 per square foot in rent, I don't see that as too favorable.
Kareem Lyons Help Me Save My Career
21 October 2018 | 100 replies
Then serving those people at such a high level of service that they will refer you.
Matt Ellis Upgrade your modeling skills and your investor pitches
21 June 2018 | 2 replies
I will give you a warning now that there is some high school level statistics referenced so you may want to refresh yourself.Monte Carlo SimulationsMonte Carlo simulations are a way of modeling forecasts when there are random/uncertain variables introduced that cannot be accounted for using a single value.
Libby Baugher Should I use 30 yr or 15 yr loan for my rental properties?
12 June 2018 | 20 replies
I always struggle between the choice of faster payoff with less cash flow versus higher cash flow and longer term.