
1 October 2024 | 2 replies
With historical vacancy factored in, that will likely be more like $143,000 rent topline, not including seasonal A/C surcharge revenue, plus about $1,520 in laundry revenue.Expenses: Total operating expenses are running about $59,200, before depreciation or mortgage expense, and not including the offsite property manager role (me doing screening, etc).

2 October 2024 | 48 replies
Thank youList on both, it's a probability equation- simple as that.Outside of that % depends on area and many other factors regarding air v.

26 September 2024 | 9 replies
The limiting factor was that each listing needs to be manually considered and that Bright MLS limits me to exports of 5,000 lines at a time.

30 September 2024 | 8 replies
Having been in the lending space for a while now, Interest income is not passive - its considered/taxed as ordinary income- just like interest you receive from your bank and savings account.Regarding profit and expenses from a flip, "that depends" on many factors but again if its short term capital gains, its not tax friendly.As always consult with your tax advisor / CPA.

28 September 2024 | 8 replies
There are seasoning periods which means you have to wait if you want more cash out if the property because of property improvements, time passed or a combination of the two factors.

27 September 2024 | 14 replies
The numbers especially don't work when I go the equity route and factor that into the cashflow.

3 October 2024 | 29 replies
Interest rate are a factor and your debt of 55K and any other debt such as Cars, student loans....

28 September 2024 | 5 replies
There are more factors to consider here but from a surface level, it seems your $ will go further in another market or perhaps locally with a different property type (i.e. small multifamily).Lastly, I like @Andrew Jennings Freerks' point regarding claiming hardship or another workaround for keeping your unit as a rental.

30 September 2024 | 10 replies
Stronger markets I might use a 3% rent/year escalator factor...

26 September 2024 | 3 replies
I know on resident leases you can add a new addendum on the lease at renewal time but our management agreements don't expire they continue forever essentially unless either party gives a notice to terminate.