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26 December 2024 | 27 replies
For bookings, I recommend FF, Airbnb/VRBO (30+ day stays), Zillow, Facebook (can depend on the area), and websites like ALE solutions for insurance placements
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26 December 2024 | 8 replies
Now, with taxes, insurance, and interest higher and rents not keeping up with property values, most investors are putting more down to get the properties above a 1.0X DSCR. 80% is acceptable, but the issue is getting the property to cash flow at the higher amount.
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24 December 2024 | 14 replies
For added security, consider umbrella insurance alongside the LLC.
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26 December 2024 | 7 replies
I hope you or someone is at least keeping an eye on your properties for break ins, squatters, roof leaks, temperature control, frozen pipes (if in cold climate), if you have a basement and sump pump goes out leading to water damage etc.I just talked to two investors in California that have let their properties sit vacant (no mortgages so paying property taxes and insurance).
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25 December 2024 | 6 replies
Property Taxes 11,000 yrly, insurance 4930 yrly.It falls short of the 1% and 20% rule.
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23 December 2024 | 9 replies
I use this for tax and insurance which all properties have)Expenses (general business like admin/legal and by unit for repairs, trash, utilities...)EBITDA (earnings before interest/taxes/depreciation/amortization.
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17 December 2024 | 8 replies
In addition, 1031 Exchange Qualified Intermediaries are generally not required to be bonded, insured or maintain any other form of minimum equity capitalization.
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23 December 2024 | 4 replies
Keep in mind that your mortgage terms and insurance premiums will probably be less favorable in an LLC.
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31 December 2024 | 20 replies
., through short-term flips, leveraging existing assets (my 17 properties), and potentially engaging in mixed-use developments—the model ensures that there’s sufficient cash flow to meet investor obligations and fund community programs.Gradual Affordability:Driving down rental prices is a long-term goal.
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28 December 2024 | 23 replies
Sure, I'd love to win the Mega Millions and have millions of resources to make certain decisions, but the reality is I want peace- in knowing obligations aren't something to worry about.