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8 November 2024 | 22 replies
And there are syndicators out there that have long, strong track records, that spend more time operating than marketing, that aren't selling their guru courses and the syndications are just social proof as to why you should spend $30k on their course.But the flip side of this risk is time.
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8 November 2024 | 31 replies
Also with a good resume and track record, I'm guessing they will want to stick around long term.
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6 November 2024 | 12 replies
Every property of interest must be evaluated based on current and future performance.Current ConsiderationsTime to rentRenovation Cost & RiskInitial ROI and cash flowPurchase PriceMaintenance costAcceptable area rental restrictionsIn an area that is doing well and likely to do better in the future.In the migration path of urban sprawl.Future ConsiderationsThe location has a track record of appreciation and rent increases.It physically matches the expected demographic changes for the foreseeable future.Buy what your “customer” wants to rent, not what you think is a good property.
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4 November 2024 | 2 replies
In my mind, this would include budget tracking/management, CRM for vendors, links to outside service vendors/resources along with a project management tool.
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6 November 2024 | 12 replies
Mint was the best for tracking expenses, and now Monarch is good.
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4 November 2024 | 1 reply
Additionally, the Georgia Attorney General's website includes information about mortgage foreclosures and might have resources for tracking auction outcomes.
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3 November 2024 | 15 replies
You only need a place to track tenant information, payment history, maintenance, etc.
10 November 2024 | 19 replies
There are many factors beyond what AirDNA tracks that can significantly impact profitability, and that's what I’ve tried to account for in my own decisions.From my experience, Cancun is indeed more expensive in terms of operational costs.
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7 November 2024 | 7 replies
You’re on the right track with everything.Yes you depreciate ~50% or the part you place in service / rent.
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6 November 2024 | 29 replies
I requested that they send someone out to set the door on its track, and then get a quote for the cost to install an opener.