Very surprised how much the 20% down and closing cost was! It took a big hit on my savings account! Worked hard for the money I saved up now to see it gone it's finally hitting me how can I overcome this and realize ...
Hi. I am considering a BRRRR deal. When analyzing many of them, one of the things that happens, after refinance, is the cap rate always decreases to a number that seems to low for our market.I am just trying to wrap m...
Hi all,
Has anyone noticed Section 8 rental payments decreasing lately? I have several 3/1 1000 sq ft duets that have previously been renting to Section 8 tenants for 1350-1395. Sometimes I will rent to tenants with...
Hey guys, I’m looking into buying a foreclosure before it hits the auction in Texas. The owner is deceased, therefore the mortgage hasn’t been paid and is now foreclosing. He was divorced, and only his name was on the...
Do you account for rent decrease when evaluating whether or not to purchase a rental? If so, how do you estimate the decrease?If not, what assures you that the rent will not dive so low that you are no longer cash flo...
I have a situation I haven't dealt with yet. One of my inherited tenants who've lived in the unit for 4 years paying $550/mo just broke up with his girlfriend. I've owned the building for 6 mo and we've never had an i...
If I bought a property for 40k, ( purchase and rehab), and my Noi is 8k, my cap rate is 20%
Question? If property value increases to 120k after 5 years, and my Noi is the same 8k, does my cap rate drop to 6 %? Is c...
I have been noticing a trend. And the trend goes like this: the return on investment for those attending 4-year universities is decreasing substantially. For the amount you pay to attend college, it is in many cases n...
Does anyone know any strategies that can be used to decrease my property’s assessed value?