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31 December 2024 | 4 replies
Hey gang, I've been radio silent on the forums for years. I sat out the boom bust since 2008 and focused on returning to full health after a spine injury. Now I've got a property under contract:$78K purchase$35K in de...
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11 January 2025 | 11 replies
Here are the numbers:IncomeTotalPartner ContributionsManaging Partners Debt$0.00Partners Deposits$987,459.99Total Contributions$987,459.99Operating IncomeAirbnb Income$50,186.50Square Income (Vehicles or add-ons)$6,741.04Total Operating Income$56,927.54Total Income$1,044,387.53ExpensesPurchase of propertyCost of House-680,000.00Closing Costs-$26,744.44Total Cost of Purchase-706,744.44Set Up ExpensesHouse Improvements & Care taker home addition-116017.03Adding Tiny House-52130.83Furnishings-68403.65Vehicles-43150Set Up Costs and Advertising-2339.53Total Cost of Set Up-282,041.04Operating expensesCare Takers-14535.9Additional Cleaners-1505Cleaning Supplies-2670House Supplies-1340Landscaping-4230.66Utilities (Power & Water)-8204Internet-315Pest control/fumigacion -120Pool cleaning/maintenance-2220Vehicle Gas-552.3Vehicle Maintenance and Repairs-6625.01Welcome Food for Guests-115Property Repairs-4999.64Bank Fees-1208.06Accounting Fees-1085Insurance-955.74Other Expenses-1071.2Total Operating Costs -$51,752.51Total Expenses-$1,040,537.99Net Income$3,849.54Net Operating Income$5,175.03Now 5k for an investment of 970k is not a good investment.
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11 January 2025 | 13 replies
I retired in 2008 with 21 years in the Air Force.13 sales in your first year is pretty impressive, particularly for someone on active duty.
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6 February 2025 | 20 replies
You can make minor adjustments based on the type of appliances (dishwasher, clothes washer and dryer, air conditioning, etc.) and the size of the rental.
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11 January 2025 | 13 replies
We have used actuals and projections from air dna to come up with rent.
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10 January 2025 | 4 replies
The cold air often runs out in the summer and the heat doesn't turn on in the winter.
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3 January 2025 | 1 reply
And also being next to a base Im thinking about short term renting, or Air BNB How did you finance this deal?
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26 December 2024 | 9 replies
Cleaner took pictures of the condition she found it, then after cleaning.
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7 January 2025 | 6 replies
Let's clarify the air-conditioning equipment.
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6 February 2025 | 34 replies
Salt air can deteriorate houses and components faster than markets without salt air.The final piece is finding a market with a quality team or teams that I like and trust.