
8 October 2024 | 1 reply
Our debt include only our primary, the duplex, and credit card $3,175.91+$7,317.49+$2,000=$12,493.

15 October 2024 | 40 replies
Yes, it requires work to run an LLC properly.

9 October 2024 | 9 replies
A secure building will appeal more to potential tenants and provide peace of mind.Energy Efficiency:Ensure the property is energy-efficient with proper insulation, energy-efficient windows, and appliances.

8 October 2024 | 3 replies
To what degree is a wild card.

16 October 2024 | 25 replies
:Class A Properties:Cashflow vs Appreciation: Typically, 3-5 years for positive cashflow, but you get highest relative rent & value appreciation.Vacancy Est: Historically 10%, 5% the more recent norm.Tenant Pool: Majority will have FICO scores of 680+ (roughly 5% probability of default), zero evictions in last 7 years.Class B Properties:Cashflow vs Appreciation: Typically, decent amount of relative rent & value appreciation.Vacancy Est: Historically 10%, 5% should be applied only if proper research done to support.Tenant Pool: Majority will have FICO scores of 620-680 (around 10% probability of default), some blemishes, but should have no evictions in last 5 yearsClass C Properties:Cashflow vs Appreciation: Typically, high cashflow and at the lower end of relative rent & value appreciation.

8 October 2024 | 8 replies
(Trying to skimp on coverage by not telling them you're Airbnb-ing the place will defeat the purpose of insurance if they deny a claim because you weren't truthful.)There are specific STR insurance carriers like Proper Insurance, but most major carriers offer a rider for vacation rental or short-term rental insurance as well.

9 October 2024 | 3 replies
The proper timing and structure of that loan are unclear from the information in your scenario.

8 October 2024 | 2 replies
I've come across a piece of land that is properly zoned in a growing industrial area.

8 October 2024 | 2 replies
@McKinly SpringerThis did not bond as they didn’t prep the floor properly nor was this done properlyIt does not appear they even used a self leveling material like ardexTo me this appears all of it needs to be ripped out and redone properly

8 October 2024 | 5 replies
Your accountants will love you and hate you as they love you because they will charge you a fortune but despise you when you do not put money in and out properly.