5 November 2017 | 25 replies
Shortest time in education, biggest payoff (salary) and great benefits.In order to effectively invest in real estate you need#1 capital/credit - good salary.
19 December 2022 | 12 replies
I have a very technical background but haven't had a need to do anything like this for years and am looking for recommendations on a model to use to promote interest and a website host that is cost effective and easy to use.
1 September 2013 | 40 replies
We came up with the idea of tackling our highest rate mortgage then enjoying the domino effect from there, and we felt absolutely giddy.
15 December 2022 | 7 replies
The fed will keep tightening for the next few months with its effects lagging behind. 2023 will be slow, but deals will get done.
20 December 2022 | 4 replies
This was the most cost effective approach to fix the electrical mess in our property.
20 December 2022 | 5 replies
Effectively, you discuss with your outside partner what their target return is and ensure that they get paid out their portion + target return at the refinance/sale/close/etc.
6 January 2017 | 7 replies
I've seen mtg.s missed because there was a misspelling when recorde, but it is still in effect.
15 December 2022 | 4 replies
You could do this all yourself but, having it from an attorney is going to make this much more effective.
30 December 2018 | 7 replies
ANALYSIS -Gross Rental Income = $70,200Vacancy (10%) = $7,020CapEx (5%) = $3,510Management (9% of effective gross) = $5,687Taxes = $3,442Insurance = $2,848Repairs (6%) = $4,212Snow = $600Heat = $4,929Electric = $3,343Trash = $652Water/Sewer = $1,500Operating Expenses = $37,743Debt Service = $16,406Net Operating Income = $32,457Cash Flow (after debt service) = $16,051 or $1,338/moPurchase Price = $265,000Cap Rate (of purchase price) = 12.25% Cap Rate (of price + rehab) = 9.55%Total Cash Needed = $66,250 + $75,000 (rehab costs) = $141,250ROI = 11.36%Final analysis - While this property isn't the fantastic homerun deal you hoped, it is still a reasonably good investment assuming your rehab costs (which are just estimates) stay under $75,000 and you can come up with the cash out of pocket to perform all necessary improvements to the property over the next few years.