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17 December 2024 | 12 replies
However, I see a lot of people achieve success by getting really good at one thing.
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21 December 2024 | 20 replies
Also, I'd consider looking at on-market deals in these cities immediately to see which markets will work best for you in real-time.
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16 December 2024 | 17 replies
@Jonathan Bremner Happy to talk about investing over here in WNC sometime if you like, to make intros that might be helpful, and to host you at one of our monthly BP meetups in Asheville.
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15 December 2024 | 1 reply
One of the methods I plan to utilize is to list the space on craigslist.
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19 December 2024 | 12 replies
As mentioned elsewhere, breakeven on cash flow is not the same as break even for taxes.Let's make some assumptions:Rental income = $1000Mortgage payment = $400 - but $300 is interest and $100 is principalOther expenses (repairs, advertising, utilities, etc) = $600Depreciation = $250The above scenario creates a break even from a cash flow perspective, however the tax scenario looks like this:Rental income minus the mortgage interest (principal is not deductible) minus the other expenses minus depreciation looks like this:1000-300-600-250 = $150 LossIf your income is over $150,000, then you cannot deduct that loss, but you can roll it over to future years.
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17 December 2024 | 22 replies
ABC kept the first two and half months of rent from the rental guarantee for tenant placement fees and utilities (water, electric).
13 December 2024 | 15 replies
I would be financing it to a DSCR and moving it to an llc at one.
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13 December 2024 | 3 replies
Quote from @Alex Grosvenor: There are a ton of people wholesaling out of the DFW area.
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18 December 2024 | 7 replies
You will truly be raising the clock, as each day will cost you very significant money. 12% interest on $250k is $2500/mo, or about $80 per day in interest, not including your other carrying costs (utilities, property taxes, insurance, HOA).
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13 December 2024 | 3 replies
I need something simple that I could utilize today.Thanks you will not be able to get something today. in order to pull credit typically you must have a background check done on you and the company will also come visit your office and confirm you have specific security policies and procedures in place.