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19 October 2024 | 2 replies
As I look at it .. there could be simple ways to "Spruce it up" and then there can be more complex ways.
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20 October 2024 | 8 replies
I recommend a simple spreadsheet to check your math and it will make it simple to adjust each year.End the complaints.
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24 October 2024 | 36 replies
It can be as simple as a binder, business cards, poster etc in the unit.
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21 October 2024 | 176 replies
It's simple math of what compounding returns of such will be.
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17 October 2024 | 12 replies
I feel a bit stuck in this scenario, and I could use some advice.I'm raising some money from private investors and wanted to run some options by more experienced posters, because I'm a bit unclear as to what the best way is to structure my deals with private investors, or if there are better options that I'm not considering.Here are some rough numbers to capture a deal that is on my radar:Loan amount from investor: $110kYearly Interest Paid to Investor: 7%Monthly Rent from Property: $1300Monthly Interest-Only Payment to Investor: $642Monthly Property Taxes: $71Monthly Insurance Payment: $71Property Management fees: $104Net Cashflow: $412Now, this is not a bad outcome, and I am fine with it, but I am wondering what someone else might do differently if you were in my position - Should I charge an upfront fee to my investor (maybe $5k or so for this deal and also keep the cashflow as my monthly management fee), or would you instead use the $110k from the investor to BRRRR a bunch of deals, or would you try to just use the capital for one deal at a time?
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21 October 2024 | 10 replies
When choosing an investment city, don't rely solely on simple return calculations; consider all major recurring costs.
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22 October 2024 | 17 replies
@Jesse Dominguez-Castelan You should also explore one of the quickest options to this situation - reach out to the seller financing provider and see if he'll extend the balloon a few more years.I did this in the past when my 5 year balloon was about up, it was a simple email checking if he was happy with the arrangement and would extend an additional 3 years.
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16 October 2024 | 10 replies
To load up on the right keywords, add a simple blog page to your website.
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23 October 2024 | 22 replies
A simple house hack with cosmetic rehab will be the best low-risk high-return opportunity.
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22 October 2024 | 7 replies
Your mentor has needs; try to meet them and develop a mutually beneficial relationship.A mentor can benefit your growth, but it's not as simple as one post on a forum full of strangers.