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I have a lead (3bd, 2bth, 1104sqft) that I'm going to drive an hour and a half sometime tomorrow to see, the owner is really motivated. My question is, do you think it's a good property to get under contract because h...
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Hi I'm a new realtor and going through my first deal (rental). We just submitted the offer to the listing agent and was accepted. My client wired a deposit that is going towards the first month's rent. The lease agree...
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This is a long shot, but I gotta try. I just purchased a SFH in Cleveland. The bathroom has some unfinished tile and the seller claims they don't have any left over but that I should be able to find the same at Lowes....
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How are you planning to navigate the next pricing correction?I am planning to expand my real estate/business activities as aggressively as possible... but I want to be wise to historical market cycles. Also, please n...
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Hello,
These are made up figures. I just want to see if I am calculating this correctly. Any advice/opinions are welcome.
Thank you.
Bought for 280,000
20% down payment = $56,000 ( $280,000 x 20% = $56,000 )
lo...
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This is not a scientific study of how to price a property correctly this is just a couple properties I have seen come on the market over the past month and how the sales ended up. Homes in desirable neighborhoods sel...
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Most of the DECENT properties I see have similar numbers. So finally, I need to ask for help and understand how is it that buyers are seeing a positive cashflow in these deals, is it something wrong with my calculati...
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As per news rents have corrected in high price areas like sfo and san jose by 10% . Does that mean multifamily prices will correct by 10% if we wait till end of next year and assuming no recovery in place ? Nobody se...
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Tell me if my calculations make sense as im thinking about buying a 50k sfh rental.
I buy house for 50k. put 10k down on it. 2.5k closing costs. 12.5 total cash investment. No immediate repairs needed.
It will ...
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So just curious if my number formula is correct $15k down plus $15k Reno = $30k rental income/year $14500 vacancy rate 2% operating expensive 35% ( to cover condo fees maintenance insurance ect) $5500 a year mortgage...