25 January 2022 | 126 replies
This tells me that multi-unit prices decreased by at least 10% during the past 9 months are are definitely not rising.So, here is a little math if anyone wants to show others how to do the math.10-units in Torrance California on Van Ness Avenue about 5 buildings south of Redondo Beach Blvd.Asking $2,750,000I would offer $2,650,000 and tell the broker I will not accept a counter offer, will not ask for discounts for repairs and it will be a done deal.Gross Income is $180,000 or $1500 per unit and can be increased very quickly or if you think it is better to do over 3 years to no less than $1650 and to a max of $2750, but you need to spend $300k for rehabbing.Personally, I am not interested in this property because my calculations show that if I raise the rents $40 per year for the next 10 years and after the rehabbing with principal paydown I would earn a whopping $515,000.
16 December 2021 | 30 replies
As a confirmation I looked up the history of recessions (History of Recessions) The range of GDP decreases during recessions since WWII ranges from -3% in 2001 to 4.3% in 2007-09 with the typical range being between 2.5 and 3.5%.
2 November 2023 | 6 replies
You’re probably going to marginally decrease the value of the property?
3 November 2023 | 11 replies
. $2000+ cost to break a lease can be a lot but when looking at the numbers (decreased living expenses, appreciation, dept paydown), the $2000+ cost is typically recovered in a few months.Buying detached vs. attached- I can relate.
6 November 2023 | 4 replies
Usually, when there is a slow down to the market and interest rates rise the house values do decrease...but that's not happening this time.
6 November 2023 | 2 replies
You could look at other data points like vacancy rate, time on market, and rental rate increase or decrease trends.
14 June 2023 | 0 replies
In 2010, the poverty rate was approximately 19.4%, and by 2020, it had decreased to around 15.8%.
9 October 2023 | 10 replies
The return on investment has started to decrease due to the higher interest rates after the pandemic and it's taught me a lot of patience.My first fix and flip has been quite a learning experience.
30 July 2017 | 43 replies
By taking out a 15 year loan, you are basically committing to making extra payments for 15 years in return for usually around an 0.5% decrease in the interest.
30 September 2018 | 16 replies
@Jonathan DunnI didn't think that real estate could be used to decrease your tax burden if you had another full time job/career.