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7 November 2024 | 7 replies
The cash flow is good given I am on a very low interest rate besides I am a DIY live in landlord currently .PITI is a little less than 4k while I make a rent of 5k while living for free and there is lot more room to increase rent.
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5 November 2024 | 4 replies
This is useful for generating leads for similar properties in the future.Creating a single listing page doesn’t have to be expensive:- **DIY Website Builders**: Services like Squarespace, Wix, or WordPress with a landing page template can be cost-effective ($10-50/month).- **Real Estate-Specific Platforms**: Some real estate platforms, like Real Geeks or Placester, have templates optimized for property listings, which can save time and offer features you might otherwise have to custom-build.- **Custom Solutions**: If you want a fully custom design with added features, working with a developer or agency could cost anywhere from $500 to several thousand, depending on complexity.Best Practices1.
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7 November 2024 | 15 replies
You're flipping the property to rental quality, creating a SOW, hiring contractors, or swinging hammers DIY to get it done.
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5 November 2024 | 29 replies
@Rene Hosman I use Stessa as a diy accounting solution.
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5 November 2024 | 9 replies
Minimum cash needed upfront though is usually why people can’t invest in an STR successfully - there’s two buckets I recommend and only two:bucket 1 gets 12-20% CoC and you need $185-$230k cash (depending on if you DIY)bucket two is 15-30% CoC and you need $315k-$335k cash.
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7 November 2024 | 22 replies
They can provide valuable guidance to ensure everything is set up correctly.If you prefer a DIY approach, services like Zenbusiness or Tailor Brands can help, but they won't offer the same personalized advice.Good luck, and feel free to ask more questions!
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30 October 2024 | 2 replies
It has 5 bedrooms and earns 5K per month, but the owner is asking for 360 K. It
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4 November 2024 | 12 replies
Again though, as a CPA I let the attorneys work with clients and determine what is best as the DIY options might leave you with a void that renders the LLC (or any entity for that matter) set up ineffective and useless.
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2 November 2024 | 64 replies
If you spend all that money on a DIY buy the best glue you can.
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29 October 2024 | 11 replies
DIY Cost seg are better for smaller properties. 1.