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20 January 2025 | 37 replies
Instead of 40 houses cash flowing $200 each or $8000/month, you buy 10 houses and pay them off for a cash flow of $10,000/month with 1/4th the headache.People don't understand the amount of time, energy, and stress involved with managing a lot of doors, especially if they are lower-class properties typically needed to generate cash flow.
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20 January 2025 | 7 replies
Part of me thinks this is the lower conflict route but part of me thinks the cats will do way more in damages than the $1,600 I would get in pet fees over four months.
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23 January 2025 | 7 replies
I have some of the required funds in a HYSA, but will most likely need to draw from another account and I'm curious which method is the most efficient in terms of taxes/capital gains, penalties, loan repayments, etc.Based on my previous transactions in the market, I estimate ~$45k cash to close: $20k for the down payment, $15k for closing costs and prepaids, and $10k of starting reserves.
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17 January 2025 | 6 replies
These platforms typically have billing policies where you pay a per unit fee per month to the software and you get regular updates and support each month.There are a number of low-cost platforms available that are able to offer you a lower price by passing along some of the costs to your tenants (payment processing fees, applications, tenant screening, etc).
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25 January 2025 | 0 replies
When we found this deal the community had around 45 homes in it, now we are close to 60 total homes and looking to bring that number up to around 80.
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13 January 2025 | 11 replies
Also, check to see if you can find lenders with low or no closing costs.Curious—what’s the partnership you’re looking at?
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23 January 2025 | 20 replies
I of course would need to look for the deals and do letter of intents on properties and find them and they would come with me to the closing table pulling out equity and then getting the cashflow.
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24 January 2025 | 2 replies
This specific deal was a close friend's apartment that he was renting.
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17 January 2025 | 19 replies
So if this $330k puts them close to the limit, and the market makes a downturn, there will be a margin call.
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15 January 2025 | 15 replies
Obviously you want to lower expenses while maximizing revenue.