21 December 2024 | 18 replies
@Preston Dean I personally like to make sure I have a set amount of reserves for each property to cover things, so if you have a pool of funds sitting aside personally I would just earmark a certain amount that you don't touch except for that property (or an emergency).
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21 December 2024 | 11 replies
Putting a long term tenant in a property here that you are BRRRRing won't cash flow unless you plan on leaving a good amount in the deal to do so, but that defeats the purpose of the BRRRR.
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23 December 2024 | 8 replies
It just focuses on those people that missed out buying a home, even if it was for a minor amount, like the first couple in the article that got beat out by less than $10,000.
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22 December 2024 | 14 replies
The security deposits from the tenant may be held in a trust account outside of the State of North Carolina only if the landlord provides the tenant with an adequate bond in the amount of said deposits.
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19 December 2024 | 12 replies
I only ask because the main purpose of an LLC is legal protection, and if you don't have a large amount of assets to protect, say less than $1M...you may be putting the cart before the house, and it may make more sense for you to focus more on finding and closing more deals.
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24 December 2024 | 8 replies
I would look at people that are handyman over anything else, contractors will be used to getting more money and the amount you would pay them would either be too low, or the they would not conform to your work/company.
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24 December 2024 | 9 replies
You know what the payment is so you can add that amount to the customizable expenses which would obviously skew your ROI and would not keep track of your pay down and that type of thing.
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19 December 2024 | 5 replies
The mistake you are making is it looks like you think you can use the number on the HUD website as your rent amount.
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20 December 2024 | 6 replies
The amount your target tenant would want =) In other words, it depends.Are you expecting remote workers to rent your MTR?
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23 December 2024 | 12 replies
You usually end up with the same amount of taxes over two years, you just get your Amazon package and your tax deduction one year sooner.Buy a new car.