
22 July 2024 | 6 replies
When you break down the numbers by individual properties using the first purchased property as a templated for the additional properties purchased however, you will notice that the numbers being used in the example are not scaling correctly.It took me some time to figure out why the numbers were not scaling and adding up correctly but I finally believe I at least partially figured out why the numbers didn’t add up.By the end of year 3 the 3 properties are owned for the following lengths of time and reflect the correct numbers associated with that length of ownership (loan balance, equity, property value, etc).Property A - owned 3 yearsProperty B - owned 1 yearProperty C - owned 0 years, it will be purchased at the start of year 4But by the end of year 4 the properties should reflect the following years of ownership with their respective numbers associated with the years of ownership (loan balance, equity, property value, etc).Property A - owned 4 yearsProperty B - owned 2 yearsProperty C - owned 1 yearHowever the summary total numbers that were provided in the book for all 3 properties at the end of year 4 did not add up correctly.

23 July 2024 | 12 replies
An example would be buying a SFR house in a Class B area for 230-250K that is renting for 1600-1800 range, those are not home run numbers but with low property taxes these are still better deals than what you find in other places.All the best in your search!

24 July 2024 | 14 replies
@Darice B LanghamMid term rentals are 30 days+ therefore do not fall under the same regulations as STRs.

24 July 2024 | 11 replies
I can't suggest one b/c I don't have any good experiences with them.

22 July 2024 | 12 replies
Quote from @Franc B.: Quote from @Bruce Woodruff: Home Owner's Insurance is usually for your primary residence.

23 July 2024 | 2 replies
Just have to write more offers and buy uglier properties:)Flips are done at even higher price points, but again, have to be very careful to understand the Neighborhood, where it's heading and then the block.We've applied Class A, B, C & D labels to all of Detroit's 183 Neighborhoods - to help investors make wiser choices.

27 July 2024 | 108 replies
And you are also confused, because the point doesn't have to be that the equity you access has to be redeployed at a cost exceeding that of accessing the equity - if that were the case, you would have to maintain a j-o-b or similar since accessing any of your investment assets for non-interest earning activities (such as buying groceries) would always be a loser.

23 July 2024 | 51 replies
I work with a ton of investors from Cali and they tend to go for the B- / C+ locations here like North Hilltop, North Linden, Eastmoor, Southern Orchards for all of the growth tenant pool, and positive cashflow in the area.
21 July 2024 | 0 replies
Things I’m thinking about is capital gains on sale, avoiding high property tax on duplex b/c the ones that are available are new builds.