Jeff Goedeker
P&L excel template for rentals
23 December 2024 | 9 replies
I use this for tax and insurance which all properties have)Expenses (general business like admin/legal and by unit for repairs, trash, utilities...)EBITDA (earnings before interest/taxes/depreciation/amortization.
Tyler Magee
If you had $150k where would you start?
10 January 2025 | 6 replies
Not to mention they wrote of over $300k worth of taxes for me utilizing a cost segregation study.
Griffin Malcolm
Options for Using Two Vacant Plots of Land
10 January 2025 | 8 replies
I talked to a modular home company in my area, and he said to build a 4 / 2.5 2200 square foot home would be 215k, and then foundation and utilities would be another 160k.
Kandice Morgenstern
lease clause for tenant expectations/responsibilities during mandatory evacuations
30 December 2024 | 4 replies
Tenants may not occupy residence without utility service except during brief interruptions beyond your control.
Brian Chadwick
Selling one home to get three - smart or stupid?
13 January 2025 | 18 replies
It's been great - the property is 100% paid off and the house is worth 300-340k generating approx $2300/mo (that's after utilities/management fees etc.)I'm considering selling the property to buy 3 more within the same price range in the same market.
Jorge Borges
Has anyone worked with Tardus Wealth Strategies?
15 January 2025 | 144 replies
So by utilizing leverage you earned $200 more.
Luis Marin
Sell or Rent How do we identify what is best for us?
4 January 2025 | 5 replies
. ==== Projected Income ====**Off Season**-$4,000/Month Rent Period: September - May (7 Months) Projected Income: $28,000**Summer 1**-$8,000/Week Rent Period: June (4 Weeks)Projected Income: $32,000**Summer 2**-$8,500/WeekRent Period: July-September (12 Weeks) Projected Income: $102,000**Optional** (Basement Apartment)-$2,000/Month -Rent Period: Year Round Projected Income: $24,000TOTAL PROJECTED INCOME: $186,000 ==== Operating Cost ====-Mortgage: $84,000 ($7,000/Month) -Utilities: $36,200Gas $6,000 ($500/Month) Electricity $6,000 ($500/Month) Internet $2,400 ($200/Month) Garbage $5,000 (Estimate) Pool $4,000 ($250/Week)Landscaping: $4,000 -Mowing: $2,400 ($150/Week) -Clean Ups: $1,600 (Spring & Fall)-Weekly Turnovers: $8,800 ($550/Week)==== Legal Cost ====Summer Rental Fee: $20,100 (15% of $134K)Sandwich Rental Tax: $6,855 (15% of $45,700) NET PROFFIT: $38,845.00
Ricardo Polanco
Scranton Multifamily deal - Possibility of changing 2 units to 4 units.
1 January 2025 | 4 replies
Prepare for additional costs: If you’re adding units, you’ll likely need to address the water meter situation and possibly upgrade utilities.
Tar-U-Way Bright
How could I use my LLC
24 December 2024 | 14 replies
I’d love your insights on how best to utilize my LLC in this process.
Jack Saunders
Converting Single family home to MFH in the County
21 December 2024 | 2 replies
Another avenue would be to call your utility companies and ask about installing additional meters.