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6 December 2024 | 4 replies
Then don't rehab for zero COC return.But if you can spend $3000 on the lite rehab and increase rent from $1000 to $1050 then you'd gain $50 per month.50 x 12 = $600 more annually because you rehabbed.600 / 3000 = .2 or a 20% cash on cash return!
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10 December 2024 | 5 replies
* House is a 2699 sq/ft Single Family Residence| 3 beds, 3 bathroom | Built in 1956 | NO HOA * There is a chance I could pay only interests so I can start saving some cash for the incoming maintenance and annual payment equivalent to the 12 monthly payments (~$5,029.77 per year during the balloon period)The advantages I can identify in this deal for me are:* Lower interest compared with traditional loans* Lower down payment compared with the ones compared for traditional loans* House is technically ready to be rented (waiting for the inspection) * Forecast - 3 yr growth (appreciation) is expected to be 8.1 % (Bigger Pockets)The disadvantages I can identify: * I am still vulnerable to foreclosure if sellers don't make mortgage payments to the bank.* Refinancing issues at the end of the Balloon Payment?
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9 December 2024 | 20 replies
Buy quality, if that means every 2-4 years not annually so be it.
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13 December 2024 | 16 replies
We aren’t looking for someone who is accountable for a subprocess and has “partners” they can refer us to for other processes.
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13 December 2024 | 24 replies
Annually, I manage multimillion dollar construction projects and operations of a large scale facility.
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16 December 2024 | 5 replies
I had an employees logged in to our account same time as me and we had different stats.
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24 December 2024 | 25 replies
Account Closed has multiple STRs there, including one that is a four-plex in the middle of town.
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17 December 2024 | 11 replies
Great software for accounting.
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9 December 2024 | 2 replies
This is under the assumption that these closing companies would like to get these done by the EOY for their annual numbers.
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15 December 2024 | 7 replies
Your accountant will need to know this as there is tax implications.