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26 November 2024 | 18 replies
Everyday RE investors achieve success with just basic math skills.
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27 November 2024 | 48 replies
Secondly is to outsource everything to a professional so you are basically acting as the developer/project manager.
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24 November 2024 | 10 replies
Here are some basic facts:Initial cash invested: $120kYear 1 Cash Flow: $12.3kYear 2 Cash Flow: $8.6kYear 3 Cash Flow (YTD, 3 months left in year): -$4.5kCurrent equity estimate (net of expected selling costs): $102KMortgage rates at or below 3.75%CapEx uncertainty: HVACs will likely require replacement within the next 5 years and one of the roofs is nearing 20 years old.Market is the Huntsville, AL area.Underwriting hurdle when acquiring these properties was 10% CoC return annually.With a 10% CoC return after Year 1, I felt good about this investment.
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20 November 2024 | 11 replies
My basic philosophy is that if you can't handle the little things, then you can't handle the big things.
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23 November 2024 | 20 replies
If their kid shoves a pair of leggings down the toilet and clogs it (yes, this has happened), then they are responsible for fixing it.
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21 November 2024 | 23 replies
I'm married, have three kids, and I live in an upper-middle class type suburb with the lawn and the white picket fence and it costs so much these days to keep a family there, it makes me worry about the future for my kids.
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21 November 2024 | 8 replies
Your kids are young and you are at the start of a long journey.
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20 November 2024 | 22 replies
I would also evaluate where you are at in life in regards to kids?
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22 November 2024 | 33 replies
I had to basically start from the beginning again bc the attorney I used for the longest time retired and my original post was basically like starting over--creative financing is foreign to most now.
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22 November 2024 | 24 replies
If they do complete them, it's probably very basic, not taking what your contractor is now advising you into consideration.