
4 September 2024 | 3 replies
@Greg Scott had some great perspective on when TK may make sense based on our goals, experience level and how involved you want to be with your investment properties.

4 September 2024 | 6 replies
The apps you're referring to are suited for hand-outs and entry level project starting points - not for official purposes - unless they can be imported into actual CAD software and manipulated (".dwg" files).

3 September 2024 | 10 replies
Here's a high level average cash flow calc for a few different property types based on what I'm seeing.Apartment/Condo (2/3 BR, 1/2 Bath):Purchase Price: $350k Mortgage Payment: $1550/monthProperty Taxes: ~$1600/yr or $134/monthMaintenance Fee: $700/monthProperty Insurance: $125/monthUtilities: $300/monthAssume no maintenance/capex reserve since Condo. $140/month vacancy reserve (5%)Rental Income: $2800/monthCash Flow: -$134/moTownhouse:Note: Looking at low price units on the market for < 7 days to possibly get more value / minimize mortgage paymentsPurchase Price: $450kMortgage Payment: $2150/monthProperty Taxes: $1900/yr or $159/moUtilities: $300/monthProperty Insurance: $125/monthMaintenance (5% rent) + Capex + Vacancy (5% rent) Reserve: $500/moRental Income: $3000/monthCash Flow: -$232.64Detached Home - Single UnitPurchase Price: $600kMortgage Payment: $3193Even if I can get $3300-3400/month for a 3-4BR home purchased at $600k, maintenance and reserves will cause it to be negative cash flowDetached Home - Two UnitsPurchase Price: $700kMortgage Payment: $3831Property Taxes: $3500/yr or $292/moUtilities: $300Property Insurance: $125/moMaintenance (5% rent) + Capex + Vacancy (5% rent) Reserve: $860/moCash Flow: -$608.57Are any of my numbers way off?

3 September 2024 | 6 replies
Maybe chat with a financial advisor and have them help you set up an IRA and throw 25k directly into that on a high/medium/low-risk level and watch that slowly grow as a slush fund for further investments.

3 September 2024 | 5 replies
Some have very little involvement in the actual operations of the properties, so if you are seeking asset management help, I would be sure to ask what the mentor's level of expertise is in that area.Who would I actually be working with?

4 September 2024 | 9 replies
It's probably his experience working in all of these areas of real estate that gives him the ability to connect with his customers on a different level and understand their pain points.

4 September 2024 | 4 replies
Level of Review: Projects are required to submit a substantial amount of project specific information as part of both the application review, approval/legislative process and contract reimbursement process.

5 September 2024 | 19 replies
The first question I ask of every investor, regardless of the amount or their experience level, is "What does your money need to do, how soon does it need to do it, and how involved do you want to be along the way?"

4 September 2024 | 13 replies
Most people tend to go for mid or higher level service when given that choice.

4 September 2024 | 8 replies
This was a blessing in disguise and really helped me learn what I needed to learn to get to that level he was at.