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2 December 2024 | 6 replies
The dollar-peso exchange rate benefited us with respect to fees, so we have some extra class A shares we can use as collateral.
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9 December 2024 | 98 replies
Apparently transaction fees are low and it is fast to use.
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14 December 2024 | 101 replies
But what I found ironic are:- Andy, who has been working full time in RE for 4 years, are finally going to make $50K passive annual income from rental (with a flawed net profit calculation that didn't income vacancy rate, maintenance fee); and he said after attending the $39,500 program, he paid total $80K--poor Andy didn't even make his initial investment back after four years and yet they are demonstrating him as a success case.- In fact, Andy is now a "trainer"--which seems to me, training is their stream of income, not real estate- Andy revealed that he found his deal leads through words of mouth; what's ironic is the instructor kept on selling the importance of the company's Elite Success Software and told us we can't make deal without itInstead of teaching something, they spent the whole third day (at least until 1 pm when I finally decided to leave) selling the program.
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5 December 2024 | 7 replies
We’re planning to move to Europe to start our family, and we’re looking to generate $1,000–$2,000 USD/month in net income (after management fees and other expenses) with these RE investments.
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2 December 2024 | 3 replies
@Dennis GallagherIt's my understanding that the "Income-Expense Ratio" primarily use operating expenses as the expense variable, which includes costs like utilities, property taxes, insurance, maintenance, repairs, property management fees, and trash removal, all of which are considered when calculating a property's operating expense ratio (OER).You calculate OER by dividing the total operating expenses by the gross operating income of a property.
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2 December 2024 | 1 reply
Running detailed cash flow projections, factoring in their management fees and expected rent increases (you can use some of the great BiggerPockets Pro tools like the calculators to do this!)
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5 December 2024 | 20 replies
Some landlords even add a small fee to cover these kinds of costs.I'd be happy to connect and discuss more!
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2 December 2024 | 4 replies
Are you paying any utilities as the owner, aside from water and user fee?
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2 December 2024 | 3 replies
So just curious if my number formula is correct $15k down plus $15k Reno = $30k rental income/year $14500 vacancy rate 2% operating expensive 35% ( to cover condo fees maintenance insurance ect) $5500 a year mortgage so roughly a 12.25% cash on cash return ?
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3 December 2024 | 2 replies
Next, clarify expectations with your co-host—ask if they see this as part of their service or if a fee is appropriate.