
31 October 2024 | 8 replies
@Jason BoringFor BRRRR's/flips - plan to put 10% down of the total purchase price plus renovation funds when using hard money.

30 October 2024 | 21 replies
.- Lower down because I can do FHA loan- Probably don't need a property manager because I live here- With the potential rent income vs monthly mortgage price, I am probably breaking even if lucky- Pro tenantJacksonville:- Total cost of home is lower, even though I will have a higher down payment because I am buying it as an investment property- With the potential rent income vs monthly mortgage price, I might make a couple hundred a month... which can eventually be used as a down for another property?
30 October 2024 | 10 replies
There are obviously other metrics that have to be met, such as the gross monthly rent has to be equal to greater than the total principal, interest, taxes, and insurance; that is the debt service coverage ratio (DSCR).

30 October 2024 | 1 reply
Would it be better if we split the total money into 3-4 properties and levered them up?

29 October 2024 | 0 replies
Additionally, it can help maximize renovations and improvements.38.36% of the total depreciable basis was classified as 5-year class life.

1 November 2024 | 18 replies
Losing $50k through this is not ideal, but I’m fortunate that it is not a painful sum to lose.What I am seeking is advice on how to leave evidence in the public record that could be found by future landlords and limited partners vetting the GP, who’s seeking $8M total / $250k each from accredited investors per facility as he seems to have a plan to move around the country opening facilities.A $57k bill could be a devastating to many landlords, and I want to help prevent them from experiencing a similar situation.

31 October 2024 | 4 replies
Since you’re renting out partially, a common method is to use the square footage of the rented areas relative to the total property space.

1 November 2024 | 48 replies
It will continue to go down by 20% each year until totally phased out.

31 October 2024 | 18 replies
Totally worth it though as buying property here in CO is a great way to build wealth quickly, and it sure beats renting.

30 October 2024 | 5 replies
I totally get where you’re coming from!