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19 October 2024 | 11 replies
Your living expenses get rolled into the investment, which can offset the expense (you're paying $1300 in rent each month--including that in your calculations for either a duplex or a home with an adu may make the investment numbers work better)I would strongly encourage you to spend a lot of time figuring out how to make a house hack work for you guys.
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17 October 2024 | 5 replies
And my feeling is for MOST people Solo 401k is sufficient to meet their needs, and an actuary creating a custom plan is “overkill”.
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18 October 2024 | 12 replies
Thanks again for the encouragement and tips!
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17 October 2024 | 10 replies
@Peter FaulknerRecommend exploring as many sources as possible to get referrals AND cross-reference them to get as much accurate information as possible.Check out NARPM.com, BP’s Property Manager Finder (BiggerPockets: The Real Estate Investing Social Network), etc.Also, encourage you to learn from the mistakes of others - by reading posts here on BiggerPockets about owners not having their expectations met by their current Property Management Company.
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14 October 2024 | 2 replies
I'd encourage you to also set up some keyword alerts for "Hartford" and related terms like house-hacking, duplexes, etc.
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14 October 2024 | 4 replies
I am a spreadsheet junkie, so of course, I also built my own custom underwriting calculator!
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14 October 2024 | 6 replies
The key is to be detailed and consistent in your logging.For our clients, we provide a custom spreadsheet to help track activities more effectively.
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13 October 2024 | 54 replies
@Shea Spinelli If you PM me, I can send you a sample XL spreadsheet that you can customize that we use to apportion the expenses among the Tenants ..
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17 October 2024 | 20 replies
Challenge is, finding a PMC that meets your expectations and is organized well enough to consistently deliver.Read on for our copy & paste advice about screening PMCs:-----------------------------------------------------------------------------Recommend exploring as many sources as possible to get referrals AND cross-reference them to get as much accurate information as possible.Check out NARPM.com, BP’s Property Manager Finder (BiggerPockets: The Real Estate Investing Social Network), etc.Also, encourage you to learn from the mistakes of others - by reading posts here on BiggerPockets about owners not having their expectations met by their current Property Management Company.
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15 October 2024 | 8 replies
Why we build the same floorplan over and over again:1) Easier for Trades and Faster Build Times: Our trades have been working on the same layouts repeatedly, so they have become more efficient.2) Less Mental Space for Decisions: We don’t spend too much time deciding on which floorplan to build, we focus our time on growing the business and serving our customers.3) Best ROI based on Square Footage: The floorplan we build gives us the best return on investment.