Joseph Beilke
Costa Rica Info
11 January 2025 | 11 replies
Here are the numbers:IncomeTotalPartner ContributionsManaging Partners Debt$0.00Partners Deposits$987,459.99Total Contributions$987,459.99Operating IncomeAirbnb Income$50,186.50Square Income (Vehicles or add-ons)$6,741.04Total Operating Income$56,927.54Total Income$1,044,387.53ExpensesPurchase of propertyCost of House-680,000.00Closing Costs-$26,744.44Total Cost of Purchase-706,744.44Set Up ExpensesHouse Improvements & Care taker home addition-116017.03Adding Tiny House-52130.83Furnishings-68403.65Vehicles-43150Set Up Costs and Advertising-2339.53Total Cost of Set Up-282,041.04Operating expensesCare Takers-14535.9Additional Cleaners-1505Cleaning Supplies-2670House Supplies-1340Landscaping-4230.66Utilities (Power & Water)-8204Internet-315Pest control/fumigacion -120Pool cleaning/maintenance-2220Vehicle Gas-552.3Vehicle Maintenance and Repairs-6625.01Welcome Food for Guests-115Property Repairs-4999.64Bank Fees-1208.06Accounting Fees-1085Insurance-955.74Other Expenses-1071.2Total Operating Costs -$51,752.51Total Expenses-$1,040,537.99Net Income$3,849.54Net Operating Income$5,175.03Now 5k for an investment of 970k is not a good investment.
Logan Jamieson
Frustration with current market: Seeking wisdom, encouragement, lend me your tenacity
4 February 2025 | 17 replies
I can't tell the future, I just will tell you markets behave when supply and demand are close(r) to be met.
Kyle Carter
New company in area
9 January 2025 | 4 replies
Depending on the number of jobs and number of new development going on in the area it may just be simple supply and demand.
KT Fissore
Brokers rate to market a MHP
6 January 2025 | 4 replies
The rental market is pretty rough here in the Austin area due to a glut of supply.
Sidney Duquette
Strategies for High Equity Growth Properties: Risk Mitigation, Value-Add, Cash Flow
20 January 2025 | 7 replies
I realize now that I should have supplied numbers initially- for numbers I am looking for $650k and under.
John Voychick
Do not use Suncoast Property Management in Jacksonville
30 January 2025 | 34 replies
So Supply and demand have really shifted quickly.
Brad Kanouse
IRA funds as down payment
22 January 2025 | 21 replies
The money that you end up owing to repay the loan over the 5 year term is now post income tax money unlike how you traditionally are supplying your 401k with pre-tax money.
Hamidou Keita
Seeking Advice on House Hacking Strategy: Buying Single-Family Home to Build Duplex i
5 January 2025 | 24 replies
There’s just not enough ADU supply (IN MY AREA) for appraisers to base off of.
Justin R.
Who has moved from QBO to Rentastic (or other RE based software)
27 January 2025 | 17 replies
Your property manager should be supplying monthly reports and year end PnL reports that you give directly to your CPA.
Devin James
How the market has shifted in just a few years
1 January 2025 | 6 replies
That is smaller units built with higher density to make the numbers work for both buyers and builders.Adapting to these challenges isn’t easy, but it’s necessary to keep up with the market.What are your thoughts on how builders and developers can address affordability and supply issues.