Anthony Parisi
How do I determine which market or cities to invest in
26 October 2018 | 2 replies
Often times, there are many good markets, but you also need to have the ability to jump on a deal quickly.
Raul Morales
Single Family Home Vs Rental Property
1 November 2018 | 6 replies
I live in a small community where property is a bit more affordable but its quickly changing into a growing community.
Danny Webber
Housing Affordability in Austin TX
31 October 2018 | 1 reply
A quick glance at housing affordability in AustinMedian Household Income App (Forbes): $73,493 ($6,124/mos)Cost of Living (Forbes): 15% above nat'l avgMedian Home Cost (SFR-ABOR Stats): $302,250Assume 5% Down Payment Conventional Loan- 30 year amortization- $15,112.50 down pmt + any closing costs• Percentage of residents with less than $1,000 saved: 56%• https://www.gobankingrates.com/…/…/americans-savings-state/…- $287,137.50 amt financed- 4.375% interest rateHow the payment looks:PI= $1,433 mosIns= $105 mosTaxes= $458.33 mos (Assume $5,500/yr)HOA= $25 mos$2,021.3/mos PITIDTI’sHousing ratio= app 33% @ median income ($2021/$6124)FHA should be at 31% or less with Conv/VA/FHA being around the same although all have exceptions in placeTotal DTIThese hover between high 30%’s to manually underwritten total DTI’s in the 50’s or higher depending on the programs@ 45% Total DTI Ratio and assuming the above PITI pmt that gives a borrower approximately $734 per month in all other creditor debt (cars/cc/personal loans/etc)These numbers are not perfect but are rather a quick illustration of current housing affordability in Austin for Retail Buyers.Summary: Housing is becoming less and less affordable in the COA for end retail buyersAssuming increases in property taxes/insurance/interest rates on the horizon how does this affect us as investors?
Phillip Dougher
Moving to Denver, need to make connections
3 November 2018 | 9 replies
We're a quick 5-7 minute uber into the city.
Henry Lazerow
Advice for direct mail?
15 May 2020 | 4 replies
8 sets of mailings over 16 weeks is a lot of touches in a short period of time (which may or may not be good).
Andrew Assman
Where do you park your investment savings?
26 October 2018 | 2 replies
Investment savings (automatic contributions each pay period and dedicated to investments outside of our Roth/401k’s)2).
Sunshine Chow
Find the deal first or find finding first?
26 October 2018 | 2 replies
Do you just extend the escrow period?
Joey Newton
How to sub meter H2O in multifamily?
8 January 2019 | 9 replies
It requires periodically reading the sub-meters and you may have to bill an average and then rectify any under/overages.
Henry Washington
30 Deals in our first year
2 November 2018 | 5 replies
Would love to know some more details on how you acquired so many doors in such a short period of time
Jared Stoneman
Looking for private money.
26 October 2018 | 1 reply
This might convince them to give you the money for a short period of time.