6 September 2018 | 2 replies
It really just depends on how much equity is still left after the cash-out that you already did.It sounds like your best bet would be to get a HELOC and use the remaining equity to buy another deal.
20 February 2018 | 8 replies
Do you have the EIN, bank account, and Operating Agreement?
10 October 2017 | 11 replies
The property is operating at a loss & the tenant is "soft threatening" you every renewal?
10 October 2017 | 1 reply
They operate in all 50 states, are very investor friendly & have saved me an average of 30-50% on my coverage.
10 October 2017 | 1 reply
Realize, too, that fix and flippers tend to have cheap sources for this sort of thing and would not pay anywhere near what a homeowner would pay a kitchen fixing company.Your best bet may be to donate the cabinets and appliances to Habitat for Humanity.
6 June 2018 | 8 replies
Hard to get excited about $480 per month minus operating expenses (assuming I understood correctly)...unless of course you know you can expand as many of your expenses will stay flat while you revenue will clearly go up.
21 October 2018 | 100 replies
I know there is some glitz and glamor to "being your own boss", but as a new agent there is so much knowledge that needs to be soaked up, and applied on top of the daily "run the business"/operations items, that it can be overwhelming.
11 June 2018 | 6 replies
your best bet here is to find a professional that knows the area, product and market you are selling in.
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%
22 October 2017 | 5 replies
(they operate North of the river)While I am an agent I use my license for my own investing.