Real Estate Investing with Coach Carsonhttps://music.youtube.com/playlist?

Hi John,Great questions!

Regards,John Otradovec

You took good advice from some great people like @John Casmon.

I am aware of that. here is an example of my question to better explain it:John has paper losses in the following 3 properties carrying over from 2023:Property A: -$100KProperty B: -$120KProperty C: -$80KTotal portfolio Loss (combined) from 2023: -$300K In 2024, John sells Property A for $500K (with no debt).

Quote from @John Underwood: This is why my deposit is always higher than the rent.This encourages the tenant to pay the last months rent and clean the house so they their higher deposit back.This tenant has lived in the home 4 years and has gone through multiple increases.  

I have used Coach Carson's recommended spreadsheet from "Woman Builder" (linked), and it's excellent for listing all the various cost categories I may confront on a project.

The property has a large 2-flat main building (3 fully finished floors and partially finished attic) and a large 5 BR coach house.

His father was our coach.

Quote from @John Underwood: Many reason I stay away from Condo's including:HOA regime feesUnexpected and expensive HOA assessment fees for upgrades or repairs that you may not agree with.RulesClose proximity to others that could cause disagreementsSaturation and competition on renting condo's ParkingI would personally never buy a condo for these reasons and look for a deal on a house.