Austin Patenaude
Condo Quantitative Analysis - Thoughts?
14 December 2019 | 14 replies
No landscaping, roof, siding, snow removal, common areas, etc.I bought mine all in the same complex over the last three years and have completely refinanced out so I have no cash left in the deal.
Michael Behrens
Exit strategies in NNN
13 December 2019 | 5 replies
With uncertainty around interest rates, market forces beyond our control and an ever changing retail landscape, what is the best advice on formulating an exit strategy for NNN investments today given a long lease and long time horizon?
Kase Knochenhauer
Infinite Return on BRRRR in Muskegon Michigan (case study)
18 December 2019 | 2 replies
. :)Here's a case study for a BRRRR property in Muskegon Michigan:Purchase price: $15,000Renovation cost: $16,500 (new paint, new flooring, new bathroom, new roof, exterior repairs, landscaping)Rental Rate: $800/monthAppraised Value: $50,000Cash Out Refinance Loan: $37,500 (20 year Commercial @ 3.9% interest with local bank)Result: infinite returns, ~$200/month+ cash flow after cap ex and all expenses, $12,500 of equity in property, $6000 cash-in-hand at refinance closing.How we did it: we flip properties full time and have a dozen contractors that work for us exclusively.
Kalle Maggio
Having Our First Home Pay for the Upgrades
11 December 2019 | 0 replies
Now we are putting in some site amenities such as a paver walkways, landscaping, adding new appliances, installing a whole house water filter, fixing the deck, upgrading the water heater, and saving for the kitchen renovation by using the money we receive from our rental.
Brad Metz
Newbie BP Member from Columbia SC
12 December 2019 | 6 replies
Columbia is on the brink of major expansion so getting in now is a great idea.
Oscar Cardenas
Oregon Investor with some great info!
27 March 2020 | 3 replies
The moment that was announced Oregon State University announced an expansion of their facility in Newport or. a 60 million dollar facility!
Santiago Scort
Best Financing options for SECOND House Hacking Property
12 December 2019 | 5 replies
By the time I make the purchase I plan on having $50,000 for the down payment Purchase prices in my area (Greater Fort Lauderdale) for a single family start around $220-$240KThe new home will be owner occupied I currently own a landscaping company and have been in the industry for about 7 years My current home is worth approx $250K and I still owe about $212K on it and should be able to rent it out for about $2,200 per month I'm not sure where my debt ratio stands exactly but my credit score is 717.
Andre' Arceneaux
PM not collecting utilities from tenant
2 January 2020 | 8 replies
If I were required to give 30 days as contract states, I'd wonder if it's feasible to wait to month 7, even at this pattern, that way I will not be on the hook for any fees in breaking the agreement, if that's the case (bound by the agreement, even if not collecting utilities to reimburse to me).They've had some other mild gaffes (communication, errant charge for landscaping I never authorized, never reimbursed me the small charge, large lapses in communication response - most recent was 12 days, and they only responded when I mentioned this fact) ... many things are gradually adding up and overall it doesn't look too good on their end.Any suggestions as to how to go about this???
Sam Foltz
Saint Paul Minnesota BRRR
18 October 2019 | 3 replies
Light landscaping and tree trimming.