Hey guys and gals need some insight in regards to a investment that I am working on.
Purchase price $1000 (thats the great part here comes the bad news.)
Water Co lien:$14k
Possible Mortgage lien:$26k
Comps in the ar...
Hello, I just completed my 1 year mark living in my current home in Ca under a FHA purchase. I will be moving out and renting out my house and purchasing another property. However, the total rent I'll be receiving wil...
I own a condo and cannot determine if I should sell or keep it for future rental income. I currently lose about $25 a month after mortgage, insurance, property taxes and homeowner fees.
Facts:
Purchase price in 200...
Hello BP community! I am in the process of filtering through listings trying to find candidates for rental properties. What are some of the more popular "equations" or "breakevens" that I should run on a property? I a...
Hey, everyone! I learned about a formula today that I'm trying to wrap my head around. It calculates the percentage return one would need in order to confirm an investment is "moving ahead" as opposed to tracking behi...
Hello BP Community,I live in the Philadelphia area and I'm just getting started with real estate investing. I'm a newbie and I am in search of my first deal. What that in mind, is it a bad thing to break even on a dea...
I’m a little confused on what happens when your rental breaks even and you do tax breaks or write offs for maintenance , travel, etc. Does nothing happen or you don’t get anything since the property is not generating ...
Hi All!
I have a few potential deals in the works and with the way the numbers work - after mortgage payment, taxes and insurance, I'm pretty much breaking even.
The thing I'm banking on is somebody paying down my m...
Hello everyone. I'd like to know if anybody uses a cost recovery timeline when making decisions about rental improvements. I own a 3/2 in a transitioning neigborhood in miami. It does not have central A/C and I know t...
If you have a 14% ROI on a rental and the investment is projected to break even in 7 years, what are your thoughts on that break even point? 14% is not bad and it's after deducting a huge cushion for expenses to reduc...