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27 October 2024 | 1 reply
This could be anything from confusing UX to lack of certain integrations.How useful would a custom listing site be for you?
30 October 2024 | 10 replies
I currently reside in CO so looking to invest remotely.ThanksHey Matthew, BRRRR investing can rapidly generate profits but I'm gonna be honest, you need people you can trust especially in a place like Cleveland.
29 October 2024 | 7 replies
This creates two loan payments ($100,000 of equity and $300,000 on the new mortgage).Key NumbersHome Equity Loan Interest Rate: 6%Mortgage Interest Rate: 7%Rental Income: $3,000 per monthExpenses (management, taxes, insurance, maintenance): $800 per monthIncome and ExpensesMonthly Rental Income: $3,000Monthly Expenses: $800Monthly Mortgage Payment: $2,000ExplanationThe investor earns $3,000 in rent each month.They pay $2,000 on the investment property mortgage and $800 on other expenses.This leaves $200 profit each month or $2,400 per year.However, you have to pay $6,000 interest on the equity borrowed.This leaves you with an annual loss of $3,600.This example shows that while the rental property generates positive monthly income, the interest cost of borrowing the initial $100,000 results in an overall annual loss.
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28 October 2024 | 8 replies
Here’s a rundown of my current situation:- Own an S-Corp (landscaping) generating 70k a year- 160k in available cash funds- Credit score around 720- Zero debt- Own one property valued at 365k, 30% equity- Property is rented by the room generating $400 a month after mortgage and taxes- Additional 590sqft house is being built in rear of property for 60k.
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30 October 2024 | 28 replies
To solve this, I built a custom mobile app to handle rent payments and due dates because no other management software can handle the payment schedules or turnover.
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29 October 2024 | 16 replies
If your focused on cashflow I would look into the following: These areas can generate good cash flow due to lower acquisition costs.
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28 October 2024 | 46 replies
Can your cleaners handle more workload such as adding revenue generating packages?
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28 October 2024 | 23 replies
You have to just commit to doing the lead generation 5-6 days a week (social posts, door knocking, talk to people you know, talk to people you don't know, host open houses for agents in your office, drive for FSBO's, etc) until you have planted so many "seeds" that they result in business.
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21 October 2024 | 2 replies
Whatever list you generate, you need to get it skip traced (matched to phone numbers).
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23 October 2024 | 2 replies
The software allows me to generate custom reports on my rental income, expenses, and overall performance.