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11 February 2025 | 183 replies
It would be a undue financial restriction for solar on the ADU to produce that 15%.
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3 February 2025 | 31 replies
That's why I am a big fan of financially having a base and knowing what you are buying.
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29 December 2024 | 15 replies
Trade some comfort for financial stability.Part of attaining financial success is being simultaneously optimistic and paranoid.
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2 January 2025 | 16 replies
Without knowing any of your financial position of your work or side hustles it is hard to give you exact advice because you may be able to carry these homes until they are paid off and in that case they would provide solid returns, but there are likely better real estate investments out there.
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31 December 2024 | 18 replies
It sounds like you stand to net (before taxes) about $4.3 million.
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31 December 2024 | 76 replies
To win the STR game, especially if you're a new entrant, the most important aspects are 1) Amenities2) Location3) Property type4) UniquenessAll are geared toward you standing out on Airbnb/VRBOHot tubs, fire pit, bowling alley, pools etc. or being in the best location in an area as well as being to host a large group are all things to help you win.
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26 December 2024 | 21 replies
After that time, some mom & pop ice cream stand owner will be fined $50,000 by the law for not updating the FinCen after their driver license expired.
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26 December 2024 | 0 replies
Financial Highlights•Acquisition Price: $72,000•Renovation Costs: $35,600•Total Investment: $107,600•Funds: raised from personal savings and private lenderHow did you add value to the deal?
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28 December 2024 | 6 replies
Buying an investment property at 21 shows amazing foresight and financial responsibility.
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2 January 2025 | 13 replies
@Rae Chris Ann Arbor is pretty expensive, so difficult to find cashflowing rentals.You may want to look in Ypsilanti - if you want to stay in your area.Otherwise, Metro Detroit offers a LOT of options.Read our copy & paste below for some helpful info:---------------------------------------------------------------------------------------------------Recommend you first figure out the property Class you want to invest in, THEN figure out the corresponding location to invest in.Property Class will typically dictate the Class of tenant you get, which greatly IMPACTS rental income stability and property maintenance/damage by tenants.If you apply Class A assumptions to a Class B or C purchase, your expectations won’t be met and it may be a financial disaster.If you buy/renovate a property in Class D area to Class A standards, what quality of tenant will you get?