Steve Mizer
Is there a BP app in the works?
29 June 2024 | 4 replies
Sorry for all the questions, new to Pro and trying to navigate the perks
Brice Connors
Holding On Vs. Selling
28 June 2024 | 1 reply
My wife and I recently purchased a new primary residence.
Jonathan Greene
Why Being a Generalist as a New Investor Could Lead to Analysis Paralysis
26 June 2024 | 1 reply
But, far too often, I have seen new investors stuck in analysis paralysis because they are being a generalist.
Flavio Vela
JWB Real Estate Cpital
25 June 2024 | 37 replies
I purchased a new build and an older home 3 years ago.
Bradley Jernigan
Virtual Assistants for property management
29 June 2024 | 6 replies
But the short story is that property management va's are definitely helpful/.First option is to hire a virtual assistant and train them, not sure if you guys have handbooks for new hires.
Brooke Singler
First Purchase Doubts
29 June 2024 | 2 replies
However, it is hard to gauge the rental potential so many years into the future with new construction SFH and apartments being built in the next few years.I’m worried about the HOA, the rental potential, whether I should keep saving and buy a SFH, or if I should just take the plunge and start building equity.
Don Konipol
Correcting the Top 10 Mistaken Beliefs About Wholesaling
29 June 2024 | 12 replies
There are new laws being implememented in some states as well.
Mike Thomas
Real Estate Investor
29 June 2024 | 9 replies
Long Distance or Local are you looking at ground up construction and new construction as a strategy?
Ana Lidia Standing
What would you do if you were a first time buyer?
29 June 2024 | 3 replies
This creates two loan payments ($100,000 of equity and $300,000 on the new mortgage).Key NumbersHome Equity Loan Interest Rate: 6%Mortgage Interest Rate: 7%Rental Income: $3,000 per monthExpenses (management, taxes, insurance, maintenance): $800 per monthIncome and ExpensesMonthly Rental Income: $3,000Monthly Expenses: $800Monthly Mortgage Payment: $2,000ExplanationThe investor earns $3,000 in rent each month.They pay $2,000 on the investment property mortgage and $800 on other expenses.This leaves $200 profit each month or $2,400 per year.However, you have to pay $6,000 interest on the equity borrowed.This leaves you with an annual loss of $3,600.This example shows that while the rental property generates positive monthly income, the interest cost of borrowing the initial $100,000 results in an overall annual loss.
John Campbell
LLC vs Umbrella Insurance vs Other Options
28 June 2024 | 10 replies
New to renting, looking for advice.Single family home valued around $1.1m.