12 March 2021 | 2 replies
The best deal that I have been able to find in my local market will only start to cash flow (just barely) after I move out a couple of years from now, but certainly not before: the monthly net income based on the 50% rule is $2050 and the mortgage P+I plus PMI is $3000-32000/mo (depending on the loan).
17 March 2021 | 8 replies
Homes sell for higher than asking price/bidding wars.Rent to value ratio doesn’t seem to work on any property.Capital limit of 120k.No access to off market listings.When we run the numbers, cash flow is either negative or barely breaks even.ResourcesWe have an excel sheet we plug our numbers into, but it seems that no matter what scenario we look into, it just never adds up so we can cash flow or hardly break even.We have also been listening to a lot of podcasts, reading forums, and talking to lenders, realtors, and property management companies .We understand that delving into real estate is a complicated and nuanced endeavor, but we’ve been researching so much and still cannot figure out how other people make it work.
13 March 2021 | 4 replies
Landlord gets a token amount for participating in program + gets better quality tenants. 2.
26 March 2021 | 11 replies
I was in that horrible hamster wheel with two kids in diapers and barely making ends meet.
9 May 2021 | 2 replies
Hi Cassidy, Thank you for taking the time to read my post and apologies for barely responding.... this whole time I thought no one responded lol still trying to figure this website out.
20 June 2021 | 12 replies
Perhaps he wanted a particular property because he had insider information, but knowing Mike I assume he just tried in hopes of getting a large tax purchase and better odds of winning them.I know the County Treasurer was not impressed at him running in a score of barely sober/ not really sober guys from the park into her drawing room.
12 March 2021 | 1 reply
I would personally have no issues doing this because I know I am going to get a strong ROI on any deal I participate in.
2 April 2021 | 18 replies
Labor force participation is high, generally white-collar work, with a mix of food service and part-time jobs (among the college students).
19 March 2021 | 7 replies
You will need to evaluate what sort of credit makes sense for you to proceed with the purchase.We purchased a Property with a $32K foundation issue and did the bare minimum repairs (a few thousand).
15 March 2021 | 10 replies
We barely reserved payment in a property because 3 windows did not have screens...in the middle of winter.