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27 July 2024 | 16 replies
Another indicator of a successful GP is the quality of their investor relations department.
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28 July 2024 | 25 replies
The fact that a tenant is complaining online might be an indication the property manager dealt with them properly so be sure to ask the manager for their side of the story.7.
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29 July 2024 | 37 replies
As indicated different market.
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26 July 2024 | 14 replies
You can obtain this from Home Depot for a minimal cost.
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25 July 2024 | 2 replies
Everyone knows the 3% or 4% balance transfer fee, but compare the fee to the interest you will pay over the same period with a traditional loan.If you have $10k in debt at an 8% interest rate with a traditional loan versus $10k of credit card debt with a 4% fee and keep both for a year (making minimal payments), you will pay less interest with the credit card.
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25 July 2024 | 3 replies
Has there been any county meetings/minutes that would indicate this?
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25 July 2024 | 21 replies
Clair and I very much agree with what @David Krulac indicated.
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27 July 2024 | 108 replies
I would try to limit the number of sales in a given year to minimize capital gains and depreciation recapture.
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25 July 2024 | 1 reply
I don't know where you are located, but the national averages indicate you should be cash flowing.
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25 July 2024 | 4 replies
I haven't set specific targets beyond this initial goal, but I may aim to increase my passive income to $5,000 or $10,000 per month in the future.Current PropertiesI currently have two properties:The Loft:This property is rented out long-term and generates around $300 per month in passive income after HOA and management fees.The loft has approximately $100,000 in equity.The House:This is a brand-new build (2024) that I'm currently occupying through house hacking.I invested $70,000 in the property, which means I have $70,000 in equity.My plan is to convert this property into an Airbnb or long-term rental within the next two years.Short-term rental comps suggest I can earn around $3,500-$4,000 per month, while long-term rental comps indicate I can earn around $3,000-$3,300 per month.Seeking AdviceGiven my upcoming financial situation, I'm seeking advice on the best course of action.