
16 April 2021 | 10 replies
Every ceiling fan installation process has its own quirks, and I would much rather install one model twenty times than twenty models one time.
29 May 2022 | 11 replies
I'm a twenty seven year old father of 4.

26 November 2022 | 2 replies
Twenty offers all above asking.
26 June 2017 | 11 replies
For anyone else reading this: No, I am not an attorney, I simply lived in a neighborhood full attorneys and judges for twenty five years and heard some great stories at parties.

4 June 2019 | 4 replies
20201) find a fourplex that needs a little help listed for $35K2) offer $30K cash plus ask the seller to pay closing costs3) spend $20K to rehab the property & make it rentable - satisfying the standard 10% forced appreciation during the first year4) the property should now be worth ~$33K - giving you ~$3K in appreciation alone (not counting potential rental cash flow)20211) cut out as many expenses as you can on the fourplex & have the highest rents possible2) assuming 3% appreciation the property should now be worth ~$34K - giving you ~$4K in appreciation alone3) assuming all expenses are paid & $650/month individual unit rent, the total rental cash flow from all four units should be $1600/month - total annual profit: $4K (fourplex appreciation) + $19,200 (annual rent) = $23,20020221) buy fourplex II (using the profit from fourplex I) that needs a little help listed for $35K2) offer $30K cash plus ask the seller to pay closing costs3) spend $20K to rehab the property & make it rentable - satisfying the standard 10% forced appreciation during the first year4) the property should now be worth ~$33K - giving you ~$3K in appreciation alone (not counting potential rental cash flow)5) assuming 3% appreciation fourplex I should now be worth ~$35K - giving you ~$5K in appreciation alone6) assuming all expenses are paid & $650/month individual unit rent, the total rental cash flow from all four fourplex I units should be $1600/month - fourplex II is still being rehabbed - total annual profit: $5K (fourplex I appreciation) + $3K (fourplex II appreciation) + $19,200 (fourplex I annual rent) = $27,20020231) buy fourplex III (using the profits from fourplexes I & II) that needs a little help listed for $35K2) offer $30K cash plus ask the seller to pay closing costs3) spend $20K to rehab the property & make it rentable - satisfying the standard 10% forced appreciation during the first year4) the property should now be worth ~$33K - giving you ~$3K in appreciation alone (not counting potential rental cash flow)5) assuming 3% appreciation: - fourplex I should now be worth ~$36K - fourplex II should now be worth ~$35K - fourplex III should now be worth ~$33K - giving you ~$14K in appreciation on all three fourplexes6) assuming all expenses are paid & $700/month individual unit rent, the total rental cash flow from all eight fourplex units should be $3200/month - fourplex III is still being rehabbed - total annual profit: $6K (fourplex I appreciation) + $5K (fourplex II appreciation) + $3K (fourplex III appreciation) + $38,400 (fourplexes I & II annual rent) = $52,40020241) cut out as many expenses as you can on the fourplexes & have the highest rents possible2) assuming 3% appreciation: - fourplex I should now be worth ~$37K - fourplex II should now be worth ~$36K - fourplex III should now be worth ~$34K - giving you ~$17K in appreciation on all three fourplexes3) assuming all expenses are paid & $700/month individual unit rent, the total rental cash flow from all twelve fourplex units should be $4800/month - total equity: $37K (fourplex I price) + $36K (fourplex II price) + $34K (fourplex III price) = $107K - total annual profit: $7K (fourplex I appreciation) + $6K (fourplex II appreciation) + $4K (fourplex III appreciation) + $57,600 (annual rent) = $74,60020251) sell the fourplexes - use the 1031 tax exchange during the transaction to defer capital gains taxes to a later date (covered in SELLING section)2) buy twenty four unit apartment building w/ that $107K equity as a 20% down payment for a building priced at ~$535K (remaining loan amount is ~$428K) - after negotiating for lower price & seller pay closing costs of course!

27 June 2019 | 7 replies
It was renovated a few times over the past ten to twenty years.

21 June 2019 | 28 replies
That you are paying money out each month and twenty years later you have nothing to show for.The wealthy do not believe this misnomer and see housing as just another line item in their personal finances.Our changing lifestyles mean that renting can be a sensible option for many people which can actually help you achieve your financial dreams.So what are the advantages of renting?

17 June 2019 | 2 replies
Right now, I’m focusing on small multi family unitsI owned a single family rental in my twenties, and have lease optioned a commercial building and primary residence, although I would consider myself a newbie!

18 June 2019 | 0 replies
It was be neglected for over twenty years and the owner recently deceased.