31 August 2018 | 4 replies
I am totally new to this so please forgive me if I asked very simple question.Thanks in advance!
30 August 2018 | 5 replies
I suggest doing it up front if possible.And don't use the 50% rule for expenses... totally varies from market to market, price range to price range, etc.
30 August 2018 | 1 reply
Here are the numbers4th deal: $150,000 ARV x 75%=$112,500 loan x 8.5% on a 7/1 ARM= $1800 gross rent - mortgage - rehab/maintenance-taxes/insurance =$100+/- Net/month 5th Deal: $135,000 purchase + $15,000 rehab=$150,000 total investment (25% from the 4th deal, 75% from PML)= $2400 gross rent - PML Loan - rehab/maintenance-taxes/insurance =$900+/- Net/month FOR FIRST YEAR.
18 September 2018 | 24 replies
It was one of my first deals, buying a place for $80k and putting down 10%, so about $9500 total with closing costs.
30 August 2018 | 1 reply
I live in Buffalo right now, and I feel like anytime I drive through E-Ville it is just flat out packed with people (Fall Fest, Jazz Festival, Ski season, etc.).
4 September 2018 | 16 replies
The DSCR is calculated by taking the NOI (Net Operating Income) and dividing by the annual debt service (which is the total of monthly loan payments, including principal and interest for the year).
3 September 2018 | 2 replies
@Roy N.Thanks for the input and you're totally right.
13 September 2018 | 8 replies
It it totally unacceptable.
15 November 2018 | 6 replies
When I first went, I listened to all of them, and was totally amazed at all the different possibilities.
4 September 2018 | 3 replies
@Tom GimerAh totally missed the part about the owner passing away in March.