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2 December 2024 | 21 replies
If you do, then I’d try tightening living expenses to buy some time.
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3 December 2024 | 4 replies
Problem was it's a common perk for Chinese restaurants to provide lower paid staff with room and board, and without the upstairs apartment, renting an apartment in nearby towns for staff is a problem with rooming house regulations beside a major expense.
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3 December 2024 | 16 replies
When there is a vacancy, a leaking sink, a drip from the roof, a fallen branch from a tree, storm damage, a rough tenant, a potato down the toilet...whatever expense comes up in the future, and they always come up, that is what the cash flow is for.
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5 December 2024 | 20 replies
I've learned that the unexpected always happens, whether it's delays or unforeseen expenses, so having a system in place to monitor finances regularly helps make adjustments before they become bigger issues.
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2 December 2024 | 2 replies
Based on research it appears Zelle is the only option that does not have a transaction fee for landlords.I did not include maintenance as a category since this can be done easily in a spreadsheet, but all of the options actually had pretty good maintenance and expense tracking.For Tax Support, all of the tools met the minimum for being able to export the financial information.
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30 November 2024 | 0 replies
On Page 134, he lists the following when analyzing a deal:Sales Price: $132,490.00Sales Expenses: $17,000.00Loan Balance: $55,004.72Total Invested Capital: $35,950.00Profit: $24,535.28I agree with his thought process here when he calculates net profit, but I'm trying to verify the net profit by adding up all the sources of income over the past five years in his example by doing the following:Appreciation over five years=$12,490 (see chart on Page 133).Cash flow ($297.73x12x5)=$17,863.80 over five years.Loan paydown: ($60,000-55,004.72)=$4,995.28 over five years.Sales Expenses are still $17,000.Doing the math, profit= $12,490+$17,863.80+$4,995.28-$17,000=$18,349.08There is a $6,186.20 difference from the net profit he calculates.My question is: Is this $6,186.20 difference due to the forced appreciation gained in the property from the rehab he does in this example?
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1 December 2024 | 3 replies
That's not a "net profit" of $550/month because you haven't accounted for vacancy, maintenance, capex, or other expenses.
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2 December 2024 | 6 replies
It's expensive in Mexican development to switch providers after this planning phase.
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5 December 2024 | 15 replies
On top of that, everything is expensive and people are less likely to move.
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9 December 2024 | 98 replies
Bitcoin has no income, owns no assets, holds no patents... so it’s investment value is exactly zero.And you can’t short sell it so there’s no “check” to balance the system like stocks, REI, interest rates, futures.Early holders will make massive gains at the expense of everyone that comes in later, a Ponzi scheme without the decency to even provide us with a charismatic individual figurehead, maybe Hal 9000 we could say...