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7 September 2024 | 85 replies
This allowed us to scale easier over time & have much less time/stress involved in building our portfolio.
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6 September 2024 | 3 replies
Loan Balance $295,000Loan Maturity Date 11/1/2051Property Specifications:SFHBedrooms 4Bathrooms 3Square Feet 2316Year Built 2021Garage Size 2Schools Rating (scale 3-30, 30 is best) 18Lot size (sq ft) 7,631.0Purchase price: $330,000Market Value: $350,000Estimated Financial AssumptionsMonthlyYearlyRent (upper)*$2,350$28,200Rent (lower)*$2,250$27,000Property Taxes$425$5,100Insurance$200$2,400Repairs$65$780Property Management Monthly (%)0.00%Property Management Monthly ($)$75$900Leasing Fee$95.80$1,150HOA$146$1,752Vacancy Rate4.00%Total Fixed Expenses$1,096$13,150Total Expenses (Fixed + Mortgage)$2,620$31,437
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7 September 2024 | 12 replies
I don't think you should pay it off, but you should be paying down the principal every month at scale, which you are probably doing if you planned on paying it off in 4 years.
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6 September 2024 | 13 replies
Are you competing with large scale property management firms or small scale investors 1 to 3 properties?
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6 September 2024 | 0 replies
Dealpath seems like it could be a great fit if we scale as projected over the next 3 years, but I want to make sure we're choosing the best tool for our needs.Ideally, we're looking for software that allows us to integrate our existing Excel models and helps with deal organization and KPI tracking.
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13 September 2024 | 50 replies
Something to consider down the line if you plan to scale this Ohio based company [LLC]
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9 September 2024 | 46 replies
Scale?
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9 September 2024 | 21 replies
If you have larger goals of scaling and buying a lot of properties, then you should outsource to a PM.
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5 September 2024 | 1 reply
So I'm looking to scale up with an eager staff waiting!