Mike S.
Would you make this deal or not?
29 October 2018 | 1 reply
Here is the deal - not sure if it is complex but I will do my best to explain:Property A Purchased at 305k, renovated, rented and retaining: Single family renting at $5000 a month - great cash flow - equity in home is substantial - value of home is over 700k; currently have 1 mortgage on home and owe $220k; have equity line of credit of $150k and have not touched it; Net Annual Return is 44% roughly (probably won't come across anything like this again) Property BPurchased at 450k, renovated rented and retaining: single family renting at $4000 a month - decent cash flow - equity in home has increased due to reno - value now worth near $550k conservatively and have 1 mortgage on home; not really interested in doing to much more with this property at the moment; Net Annual Return is around 10% (put a substantial down payment down to increase cash flow)Property C - Looking at dealing - Buy?
John Acklen
Conversation about Vacancy being "Healthy" for an Asset
18 December 2018 | 12 replies
When tenants turn over every 2-3 years there is no need for a extended vacancy as quick touch-up is all that is necessary.
Steve Sun
Best city/area to in buy and hold for cash flow in the U.S.
28 December 2018 | 131 replies
All rent collected is direct deposited into a business account that I do not touch and it grows.
Keegan Van Kooten
First 30 Days as an Agent
15 June 2022 | 14 replies
Make sure you implement something similar to KW's 36-touch plan.
Faye R.
DSCR loan for SFR with a MFR on the same lot?
13 July 2022 | 4 replies
Does anyone know a lender who will touch this?
Jorge Abreu
Exploring the Four Multifamily Asset Classes
11 March 2022 | 1 reply
On the opposite end of the spectrum, Class D apartments are those you wouldn’t want to touch with a ten-foot pole.
Trey Prince
Removing lead from a vacant two family
9 March 2022 | 5 replies
The biggest job I've seen in the last 5 years or so was a 2-family in Roxbury that was LOADED with lead and everything had to be touched.
Andrea Descargar
Purchasing lots to build on, what should we look out for?
14 March 2022 | 4 replies
Verify the zoning/land use - if you are buying vacant land, and it isn't already zoned residential, I would make sure you (or your agent) are touching base with the township to verify that there is a good chance it can be rezoned.
Toan Nguyen
Site Plan-Approved Development
10 March 2022 | 3 replies
Well I won't touch it then haha.
Steve LeBlanc
Portfolio Loan interest....is it deductible?
10 December 2021 | 6 replies
In this specific case that is likely more tax advantages which often isn't the case with interest tracking.We can still claim start-up expenses just not in the current year.If you have 5 rentals, an interest allocation, and a new business venture, I think it is well past time to get in touch with a CPA