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1 October 2024 | 16 replies
I wanted to try my hand in self managing for the rest of this year, mainly for the experience aspect.
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3 October 2024 | 46 replies
Most deals are at 0 or negative cashflow if your paying a manager and properly accounting for cap/ex.
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2 October 2024 | 16 replies
Also, focus on 2 years of job/income stability.Class D Properties:Cashflow vs Appreciation: Typically, all cashflow with little, maybe even negative, relative rent & value appreciationVacancy Est: 20%+ should be used to cover nonpayment, evictions & damages.Tenant Pool: majority will have FICO scores under 560 (almost 30% probability of default), little to no good tradelines, lots of collections & chargeoffs, recent evictions.
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30 September 2024 | 5 replies
Natalie did a great job explaining the technical aspects of deducting BPCON travel costs, but her post assumes that an investor already operates their business, which you do not.
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4 October 2024 | 29 replies
This would then have a negative impact on your credit score and could make it drop significantly.
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1 October 2024 | 37 replies
There are actually several aspects to investing, so it depends on which aspect you mean.
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2 October 2024 | 24 replies
Big chunk of your life insurance premium goes to pay insurance salesman commissions so you have negative return from day one.Pay less taxes: contributions to an IRA are tax-deductible so it will help you pay less in taxes.
2 October 2024 | 28 replies
In the end there are a lot of negatives and very little positive.
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2 October 2024 | 17 replies
Part of the job of a PMC is to own every aspect of property management and to see things through.
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29 September 2024 | 9 replies
Or are you still going to be cash flow negative?