Hayden B.
Leveraging existing properties
28 January 2024 | 4 replies
My question is considering the above, what strategies exist that would allow me to leverage the free and clear condo such that I am expanding my portfolio, or am I kind of stuck in a holding pattern of waiting until these existing leases expire, and then potentially selling the properties?
Anthony Parker
Looking into 1st Flip - Middle Tennessee
29 January 2024 | 13 replies
If your potential property meets the criteria than go for it.
Trevor Dominique
Greenville SC market
29 January 2024 | 20 replies
I also see quite a few potential on the open market with fixers.
Josh Malgieri
Chattanooga vs Knoxville & Johnson City vs Clarksville vs ?
28 January 2024 | 15 replies
I may be biased since I'm and investor and Realtor in the Tri-Cities (Kingsport-Bristol-Johnson City), but the appreciation potential is very strong in this market and the price points are much lower than other the other markets you mentioned.
Persephanie A.
Turning primary residence to short term rental - Military move abroad - CPA needed
28 January 2024 | 5 replies
be mindful that those involved in the military are provided an 'extender' on their section 121 exclusion eligibility.Depending on the appreciation on the property(if there was), you may want to consider taking advantage of section 121 as the excluded gain may be higher than the potential cash-flow that you can get on a property.
Kevin Ramos
HOA voting to ban MTR
26 January 2024 | 28 replies
Examples of health care workers etc if that is your demographic.
Greg Strunak
real estate fees on seller finance
28 January 2024 | 4 replies
This arrangement not only compensates the agent fairly for their services but also serves as a motivating factor for them to prioritize you for future off-market deals, potentially giving you an edge in the competitive real estate market.When it comes to selecting a proficient lender, I have employed several effective strategies through my experience.
Brady Tome
Multi-Family Deal Analyzer
27 January 2024 | 10 replies
There are free tools online everywhere, but basically you want to do the following:Gross Potential IncomeLess Vacancy= Gross IncomeSubtract the following expenses:Real Estate TaxesHazard InsuranceLiability InsuranceMaintenance (yes, even if you plan to DIY)SuppliesProperty Management (yes, even if you plan to DIY)UtilitiesLawncare/Snow removalLegal Costs (evictions, LLC formation/maintenance)Bad Debt (non-paying residents)City Occupancy LicensesPayment processing fees (for debit/credit cards)This will get your Net Operating Income.Then subtract debt service. 1st mortgage2nd mortgage (if applies)Line of Credit (if applies)This leaves you your free cash flow.
Colin Flynn
Any recent success with MTRs in Huntsville, AL?
27 January 2024 | 5 replies
@Colin Flynn MTR’s can work here but there are some potential limitations.
Mikquon Turner
Advice for Group Home Looking for Rental Lease in Houston Area
28 January 2024 | 4 replies
Once you've identified potential properties, schedule tours to assess them in person and address any queries.