31 December 2020 | 10 replies
We're now averaging $80 per property, per month.
18 May 2020 | 12 replies
Of course depends on property type and average marketing time/DOM for that asset class and location (land usually takes longer to sell for example).Definitely don't enter a contract until being clear on that.
11 June 2020 | 3 replies
On average how much would I save on a 400k cash out refi?
4 August 2020 | 9 replies
Purchase Price: $150,0003.5% down: $5,250Closing costs: $3,000Rehab (adding walls/closet for additional bedroom): $5,000monthly mortgage+tax+insurance (quote from lender): $1176 (1176*12= $14,112 for year)other monthly expenses: $300 (300*12= $3600 for year)All-in cash needed for year 1, assuming absolute worst case scenario and I can't find any single bedroom renters for the first year while I am living there:$30,962 After $7,500 room and board reimbursement from employer: $23,462I plan on pricing each bedroom way below market rent at $350/month, to try to fill up each bedroom and cut away at year 1 costs.If I can rent out 1 bedroom: (23,462-(350*12)) = $19,262 If I can rent out 2 bedrooms: (23,462-(700*12)) = $15,062If I can rent out all 3 bedrooms: (23,462-(1050*12)) = $10,862BP Calculator (after year 1) assuming worst case year 1 scenario:Note: I added money to "repair costs" to change numbers to reflect 12 months of mortgage payments I would have made during year 1.https://www.biggerpockets.com/analysis/rentals/df4b1eda-9cde-41ee-afb7-f8d9cdb8724c.pdfBP Calculator (after year 1) assuming mid-scenario where I manage to average 1 bedroom rented during the year I'm there.https://www.biggerpockets.com/analysis/rentals/df4b1eda-9cde-41ee-afb7-f8d9cdb8724c.pdfCoC ROI goes from 5.7 to 8.5.Also, I plan on eventually refinancing to a conventional loan, lowering my fixed costs from about 1200 to somewhere in the 800-900 range, freeing up 300-400 more in cash flow each month and increasing the CoC ROI.Would very much appreciate it if somebody could try to find holes in my plan.
6 May 2020 | 2 replies
Quiet walk is an average product.
9 May 2020 | 13 replies
You might want to find out how much the average fee is locally.
6 May 2020 | 3 replies
Comparable Market Analysis ARV average (most recent sold in past 6 month): 240k3.
6 May 2020 | 0 replies
Also I know location matters a lot when it comes to pricing and average cost of real estate, so just for example lets say I'm in the Midwest/STL Region.Thanks in advance everyone!
7 May 2020 | 5 replies
From my understanding, it's targeted towards lower-than-average income levels.
6 May 2020 | 4 replies
But a distressed lead that went to wholesale first is impossible for an average realtor to close because they called on a postcard or went wholesale or FSBO for a reason.