10 October 2017 | 3 replies
I have definitely considered doing this myself, but will probably just immediately sell my first few deals to get access to capital to get into larger deals, or just more single-families simultaneously.
4 June 2018 | 2 replies
myself and partner are looking to deploy some capital over the next 3-5 years. are any investors here on BP seeing consistently seeing 12%+ cash on cash returns from single family homes used for rentals with 20% down?
21 October 2018 | 100 replies
But I left 12 months later with an entire business now running well with great local staff I had met on the streets and with a million dollars capital I had made in that year.This is going to sound insulting which is not my intention but my overall impression of most US people trying to make a go of this business is that they were fundamentally lazy.
11 June 2018 | 6 replies
@Elias Betondo When looking at those comps, pay attention to the CAP.
5 June 2018 | 3 replies
I've c/p'd the gist of the numbers below: Property Specific Inputs Offer Price $ 90,000.00 After Repair Value $ 90,000.00 Rehab/Repair Costs $ 5,000.00 Annual Tax $ 2,315.00 Monthly Insurance $ 100.00 Cash Needed Acquisition Costs $ 26,720.00 Holding Costs $ 692.74 Refinance Costs $ - Total Cash Needed $ 27,412.74 Rental Income Gross Rental Income 1.94% $ 1,750.00 Operating Cost Assumptions Vacancy Rate 8.0% $ 140.00 Maintenance 9.0% $ 157.50 Capital Expenditures 9.0% $ 157.50 Property Management 10.0% $ 175.00 Total 36.0% $ 630.00 Owner Paid Utilities Electric/Gas ($/month) 8.6% $ 150.00 Water/Sewer ($/month) 11.4% $ 200.00 Trash ($/month) 0.0% $ - Total 20.0% $ 350.00 Cash Flow Calculations PITI $ 692.74 NOI $ 770.00 Monthly Cash Flow $ 77.26 Net Cash for Deal $ (27,412.74) Cash on Cash Return 3.38%
2 January 2019 | 11 replies
Make sure that you are well capitalized and the you are being conservative in your underwriting (by conservative, I mean actually looking at historical data to back you assumptions).
3 January 2019 | 2 replies
I am currently building a realestate invesment team in Boston MA looking for an investor with high capital because I have a financial institution that is offering Us 5X the cash that we can come raise as a line.of credit for fix and flip buy and hold and Land and new construction.
3 August 2021 | 23 replies
It takes a little time to develop the network of lenders but you should find 1 or 2 a month easily if you tell everybody what you do and ask them if they know anybody with capital they want to invest.Keep it rolling!
24 January 2019 | 6 replies
I looked at house hacking, but ultimately decided not to because I would still be coming out of pocket every month to cover expenses, or I'd have to live in a worse neighborhood which I didn't want.Instead I rent a place that is nice, but is below my means, and I invest all my extra capital into stock market and our own deals.
2 January 2019 | 0 replies
I do have some decent capital and it's current in the Stock Market which really scares me.