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.
Justin Goodin
👋Capital Calls: What Investors Should Do
30 January 2024 | 8 replies
Capital calls can indicate the investment is not as sound as investors originally thought, and is potentially at risk of falling apart.
Account Closed
Ready to refinance and repeat
30 January 2024 | 12 replies
I need to fill a $65K gap between my cash on hand and a potential property.
Aaron Kaplan
OKC Market Discussion
30 January 2024 | 9 replies
Happy to connect and discuss the market.Hi Ben,I would love to chat about potential opportunities.
Sol Naim
Cash out refi strategies
30 January 2024 | 4 replies
Depending on the market, 2 properties may bring in more cash flow than 1, as more units generally mean more potential rental income.
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.
Jay Anand
First time SFH investor
30 January 2024 | 2 replies
With rental comps at $3300 and a potential mortgage surpassing that, you could end up putting money into the property monthly, so be ready for that and consider possible vacancy periods.
Trent Stevens
Need advice owner finance…
30 January 2024 | 6 replies
The property with two homes has potential, especially with long-term tenants and the possibility of increasing rents from their current rates to closer to $1500 each.
Tajinder S.
Short Term Rental opportunities in Kissimmee, FL
1 February 2024 | 17 replies
There are potential opportunities but it is few and far between and you can find better returns in other markets.