This has been coming up more and more as I continue my wholesale journey. I heard from my appraiser today that in michigan you need a realtor license if you sell more than 5 homes in a month. I asked where she heard a...
In my market (Denver metro) properties are pricey and the amount of money that could be saved on interest for a 15 year vs 30 year mortgage is significant. I am thinking that properties here would be best utilized by...
I am missing an understanding or a step in the simple calculation of finding how much ROI I get for my cash with regards to notes.
This is my simple process, which seems to give me whack return figures.
Monthly paym...
Its strange the Mortgage Company's rule of thumb is it does not pay off in a few years don't by the points. This is an investment property that I plan on holding for 10 years or so...
What do you all think is the be...
I have uploaded a file that you might find useful. This is similar to my BRRR Calculator but trimmed down due to notes being a little more straight forward (at least from a variable/output perspective). I have certain...
Good Morning Everyone,
I currently have 3 mortgages and I am wondering if I should payoff one first or get a fourth one. I wish to increase my rental properties portfolio. I occupy one and two are rentals.
#1- Mortg...
I am a newbie investor and I have a seller finance deal in the works that’s looking really well, I was wondering how do you make the monthly payments? (Principal,interest, taxes, and insurance) Usually with traditiona...
How does capital gains tax work for a land contract sale?
If a property was purchased say at $50,000 and then sold via land contract at $ 90,000, assuming everything simple, and there is a capital gain of $40,000.
...
I currently am using property managers from my rental properties. One property manager told me that he would send me the signed lease of the tenant that passes his screening process. I asked if I could see the applica...
Hi Guys,
I am doing a financial review of my rental homes and would like to measure the performance of my homes. I do the following .
1. Get all rents for 2021 and subtract the expenses which are Principal, Taxes, I...