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18 September 2024 | 35 replies
I think I am going to break up with them as soon as tomorrow :)
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14 September 2024 | 19 replies
@Summer Burke Call the water department to see if they'll cut you a break since you fixed it so quickly.
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19 September 2024 | 29 replies
I’m based out of Seattle and initially I started analyzing deals in home turf but it is really expensive to break into Seattle market.
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18 September 2024 | 19 replies
Fortunately this is a very rare event for me (I had a tenant break lease last December that I needed like 5 or 6 open houses at over 2 months to fill with a qualified tenant).
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13 September 2024 | 4 replies
Here in Reno, NV it’s has above average appreciation and break even at 30%.
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14 September 2024 | 8 replies
Some house hackers are okay with breaking even in the short term but the plan is to make some improvements to the property to get some cash flow in the long run.
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14 September 2024 | 14 replies
Would an attorney be necessary or break the bank here making it a waste of money?
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14 September 2024 | 5 replies
Another option is to say in Lease "Appliances are provided as a courtesy, and owner will neither REPAIR nor REPLACE if the break"!
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13 September 2024 | 2 replies
So all in I am at $240,300 , hard money I am factoring in as 15% rate and since I’m borrowing 840k for let’s say 6 months , I’m factoring in hard money costs at 63k for 6 months So now all in I’m at $303,300 ARV should be at least $1.3 million (conservatively) I would cash out refi with a dscr loan and get back 975k , I would pay the $840k I owe to the hard money lenders , leaving me with 135k , and I would pay myself back with that money , and since I would have $303,300 invested , I would pay back 135k to myself leaving me with $168k invested in the house with a equity position of $325k , the actual house number are such after the cash out refinance: This house has 2 units and 3 accessory units Mortgage : $7100Heloc payment : $1300Total = $8400Live in 1st floor Rental income 2nd floor : $30003rd floor: $1500Accessory unit 1 :1200Accessory unit 2 $1200Income : $6900 Net : negative $1200I also already have a house that’s breaking even , but I’m living in one unit and if I move out that house would become positive $1500 which I can put toward the payment of one of the other houses .
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16 September 2024 | 35 replies
I already own one multi family property but it’s been a while since I haven’t managed to find a way to scale into more properties, right now, I feel like I got the strategy in place due to his mentorship and the strategies he breaks down on his masterclass.