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12 January 2025 | 54 replies
.: The problem is the government would have to get out of the way.
8 February 2025 | 89 replies
Personally, I would be shocked if a government agency looked into this.
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21 January 2025 | 1 reply
If you need financial help, ask under the "Finance, Tax, and Legal" forum.
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10 January 2025 | 13 replies
Since downtown development land goes for $30 million/acre, $100k imposed by the progressive city government for a 40 story building permit is a minor annoyance.
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17 January 2025 | 40 replies
It could be fast tracked or it could take 6+ months as government stuff normally does.
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20 January 2025 | 3 replies
It's almost like they tack on a few hundred dollars to the order and forget to charge sales tax
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31 January 2025 | 22 replies
I was just reading Mark's book "The Tax & Legal Playbook" this morning and it specifically had a "critical warning" (page 31&32 in Chapter 3).
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17 January 2025 | 7 replies
I’d love your input on whether this deal could appeal to investors and how best to structure it.Property Details:Worth: ~$300,000HOA: $273/month, Taxes/Insurance: ~$170/monthCurrent Rent: $1,880/month (long-term); next tenant advertised at $1,950/month.Mid-term rental potential: ~$2,400/month (I haven’t tried this, but it’s my estimate).My Financing Idea:Large down payment: ~$125,000 (This is my priority to reinvest elsewhere).Seller-financed balance: ~$175,000 at 4.25% for 30 years.Buyers take over taxes, insurance, and HOA.Questions:1.
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23 January 2025 | 15 replies
I'll save you the details but...Per door cost: $63,300All in Cost: 700kTotal Revenue: 137k(ish) annuallyNOI: 65-73% (in the expenses we included: insurance, taxes, $75/month per door repair expense, management fee 8%, grass cutting, & a misc fund for random crap business license, etc.)Now...
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24 January 2025 | 7 replies
My biggest conundrum now is I want to be my own GC because even when I play with smaller numbers they’re still out of reach for me to be able to attain this goal and afford the monthly mortgage with taxes and insurance.