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2 August 2018 | 7 replies
The deals we are finding are the ones where are able to add value through rehab, management, adding pet rents, garage rental, creative income sources such as vending, internet, short term rentals, etc.
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9 August 2018 | 20 replies
@Ilona KovacsI've been teaching & coaching for 8+ years now on all things Self Storage - buying & operating an Existing Facility, Development & Conversions, and Raising Private Money too.As there is a fine line on how much self-promoting one can do on this forum, please either PM me or google my name on the internet.
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1 August 2018 | 2 replies
I’ve became abscessed with searching for property on the Internet keeping all the criteria in my head that I have learned.
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1 August 2018 | 0 replies
There is a housing shortage in the city and rents for this are going for $900.Manufactured Home 2bd / 1 bath Current: $17k cashARV: $25,000Rehab: $3,160 Space rent: $515Rent: $900Tenant pays water, electricity, internet, etcIt feels like a good buy and hold strategy because rental are in such high demand in the area.
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23 October 2018 | 9 replies
I've read in various internet posts suggesting that a sheriff sale gives the property a "clean slate".
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21 February 2019 | 5 replies
This strategy is all over the Internet and allows you to pay your home off in 5-7 years if done correctly.
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6 August 2018 | 3 replies
They will need a decent headset plus reliable and fast Internet access.
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12 August 2018 | 26 replies
As always, don't trust the internet, seek professional advice.
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6 August 2018 | 12 replies
Well here are few that I can think of:- You are an Accountant - who views the reports once a year to do taxes (That is it)- You are a Bookkeeper - you want to do the data entry because it does not make you money- You are a DIY QuickBooks user - who will surf the internet and YouTube for answers and not have the full process, procedure, and solution- You are a CFO - review your financials every day or week, depending on your business goalsNow let's get into the nitty-gritty:- You as a business owner should look at your reports by each property and unit- You should compare your Profit and Loss by:----- Month----- Quarter----- Year----- Previous Year Comparison----- By % of your Income ----- and the list goes onNow about your Equity - view your Balance Sheet and see the difference from previous year how much money you paid and received by improvements and loan, the personal money you invested and more...If you are looking at keeping the books for tax purposes and IRS, as well as use paper and pencil.
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4 August 2018 | 1 reply
This might be me overthinking and not knowing but I do not have a mentor just the books I read and the information on the internet.