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...
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...
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....
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...
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...
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...
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...
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...
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 ...
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...