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14 December 2024 | 13 replies
Some of that has to do with things like electrical service being available in needed amounts for the types of structures that will be there.
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6 December 2024 | 25 replies
For example, when most of my development clients started building their portfolios, they picked up properties in areas where at least 1 of 3 things was almost always present: 1) They currently or have previously lived in the area, 2) they have family or friends that attend religious services in the area, or 3) they regularly visit family or friends that live in the area.
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8 December 2024 | 1 reply
Things like landscaping/snow removal and labor cost for repairs are going to be highly variable based on your market so you'd need to do your own research on the going rate by either talking to other local investors, running your own google search, or exploring basic services on thumbtack/angies list etc.
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6 December 2024 | 6 replies
Neither outcome is good for you.I give some approximations of each expense category in The Hands-Off Investor, but the best way to nail down operating costs is to look at the property's historical performance.For example, Contract Services and Utilities.
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7 December 2024 | 1 reply
. - Products & Services enable us to track each 'phase' of the rehab. - Projects give us visibility on my projects- My CPA can easily access the reports for tax preparation.
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1 December 2024 | 7 replies
A little late to the gratitude fest, but like @Kerry Baird above, I am genuinely grateful for the old timers here and the new voices as the collective wisdom of this group is something I tap into regularly.
13 December 2024 | 15 replies
So long as the rent can’t debt service.
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4 December 2024 | 6 replies
You all need to go get regular jobs.
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13 December 2024 | 35 replies
@Kyle Kline“Investing for equity and not cash flow” doesn’t mean “buy properties that don’t cash flow.”To me, invest for equity not cash flow means that the PRIMARY reason to invest is for equity growth and an increase in net worth and NOT cash flow.I’ve been investing for over 40 years and while cash flow is important, it’s not why invest.A property must be self supporting ie produce enough cash flow to cover debt service, operational expenses including repairs and replacements.
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12 December 2024 | 20 replies
Would the landlords out there recommend providing extermination service to make tenant happy, or remind her that the home was rodent free at beginning of her lease.