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3 July 2024 | 40 replies
I figure resort style food from off the land nature experience.
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1 July 2024 | 25 replies
I once gave a tenant $100 after their fridge quit and food spoiled.
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1 July 2024 | 8 replies
Those "big returns" have turned into big losses.
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1 July 2024 | 5 replies
What if I experienced a net loss for the month and need to supplement the property account with personal money to cover an expense or payment?
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30 June 2024 | 11 replies
This creates two loan payments ($100,000 of equity and $300,000 on the new mortgage).Key NumbersHome Equity Loan Interest Rate: 6%Mortgage Interest Rate: 7%Rental Income: $3,000 per monthExpenses (management, taxes, insurance, maintenance): $800 per monthIncome and ExpensesMonthly Rental Income: $3,000Monthly Expenses: $800Monthly Mortgage Payment: $2,000ExplanationThe investor earns $3,000 in rent each month.They pay $2,000 on the investment property mortgage and $800 on other expenses.This leaves $200 profit each month or $2,400 per year.However, you have to pay $6,000 interest on the equity borrowed.This leaves you with an annual loss of $3,600.This example shows that while the rental property generates positive monthly income, the interest cost of borrowing the initial $100,000 results in an overall annual loss.
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1 July 2024 | 28 replies
All of these items factor into revenue.Just food for thought :)
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30 June 2024 | 12 replies
If the job is 5k is 600 bux in " savings" really worth the aggravation and potential loss?
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30 June 2024 | 4 replies
At the end of the year, your account will figure out how much of the profit or loss nets out to each of you.
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1 July 2024 | 6 replies
@Rachel Jones copy & paste from our site:A bad tenant can lead to thousands of dollars of losses via unpaid rents, legal fees and property damages.
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1 July 2024 | 23 replies
If it's not housing, food, or transportation, don't spend a dime on it.