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11 January 2025 | 12 replies
My mortgage will be $2,005/month, and I’m budgeting up to $600/month for utilities, leaving a potential monthly cash flow of $995.I also set up an LLC and a business account to track rental income and expenses.Questions:Do you have any advice for me as a young real estate investor?
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3 February 2025 | 8 replies
Additionally, cost segregation and bonus depreciation can accelerate tax benefits.Because filing as single taxpayers limits certain deductions, planning in advance ensures you maximize benefits while avoiding complications.
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25 January 2025 | 3 replies
Evicting them, even after purchase, could be a lengthy and costly legal process.
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24 January 2025 | 3 replies
You magically get the seller to cover every single closing cost (A $12k gift, or a trick to get you to buy their problem.).
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2 February 2025 | 14 replies
Finding a condo that allows Airbnb/STR will be challenging, they're rare and cost more because of it.
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27 January 2025 | 4 replies
The masterminds often encourage students to finance the new-car like entrance fees on a credit card, on the promise of just a single deal covering all the entrance costs.
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4 February 2025 | 13 replies
Be sure to factor in repair costs to keep things profitable.
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23 January 2025 | 15 replies
I'll save you the details but...Per door cost: $63,300All in Cost: 700kTotal Revenue: 137k(ish) annuallyNOI: 65-73% (in the expenses we included: insurance, taxes, $75/month per door repair expense, management fee 8%, grass cutting, & a misc fund for random crap business license, etc.)Now...
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27 January 2025 | 14 replies
If I were to guess, I would think that the new administration will bring positive change to the housing sector by removing regulations that impede builders, and affect building material costs.
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29 January 2025 | 7 replies
The city also benefits from a relatively low cost of living compared to other major cities, attracting both renters and investors.