Spencer Cornelia
$50k Loss on First Two Flips | Out of State Investing Gone Wrong
19 January 2025 | 9 replies
The losses would have spiraled out of control for me had I not been able to sell my second house immediately.I don't look back on my experience with any regrets since I know the risks we take playing this game.
Steven Catudal
Increase in property taxes
4 January 2025 | 11 replies
Div. 1996)".Increases must comply with rent control.
Philip Ganz
How does a Deferred Sales Trust work?
2 January 2025 | 12 replies
Otherwise, the DST fees eat up the tax Ruthie- Yes they are in control for when the property is sold.
Steve K.
Anyone Else Fed Up With Loan Servicing Companies?
8 January 2025 | 33 replies
You have no control over the servicing transfers.
Joseph Beilke
Costa Rica Info
11 January 2025 | 11 replies
Here are the numbers:IncomeTotalPartner ContributionsManaging Partners Debt$0.00Partners Deposits$987,459.99Total Contributions$987,459.99Operating IncomeAirbnb Income$50,186.50Square Income (Vehicles or add-ons)$6,741.04Total Operating Income$56,927.54Total Income$1,044,387.53ExpensesPurchase of propertyCost of House-680,000.00Closing Costs-$26,744.44Total Cost of Purchase-706,744.44Set Up ExpensesHouse Improvements & Care taker home addition-116017.03Adding Tiny House-52130.83Furnishings-68403.65Vehicles-43150Set Up Costs and Advertising-2339.53Total Cost of Set Up-282,041.04Operating expensesCare Takers-14535.9Additional Cleaners-1505Cleaning Supplies-2670House Supplies-1340Landscaping-4230.66Utilities (Power & Water)-8204Internet-315Pest control/fumigacion -120Pool cleaning/maintenance-2220Vehicle Gas-552.3Vehicle Maintenance and Repairs-6625.01Welcome Food for Guests-115Property Repairs-4999.64Bank Fees-1208.06Accounting Fees-1085Insurance-955.74Other Expenses-1071.2Total Operating Costs -$51,752.51Total Expenses-$1,040,537.99Net Income$3,849.54Net Operating Income$5,175.03Now 5k for an investment of 970k is not a good investment.
Kyle Schachsieck
Thinking of refinancing
31 December 2024 | 10 replies
Common misconception that the fed funds controls mortgage rates but that is not how it works.
NA L Harrison
Where to rent with 13 dogs?
23 December 2024 | 4 replies
I recommend you find a way to give these animals away before you lose control and end up on a reality TV show.
Mary Peale
Seeking Advice on STR Profitability & Strategic Adjustments for Year 2
15 January 2025 | 15 replies
I would also try to minimize expenses through decreasing cleaning costs, installing smart tech like a thermostat to control utility costs, etc.5.
Yonathan Cabrera
Locating Gap Funders?
22 December 2024 | 7 replies
It is secured with 👇 Controlled Interest: We include our investors as a 51% controlling interest member on the borrower’s operating agreement.
Bruce Woodruff
Thoughts on the California fire repercussions
14 January 2025 | 16 replies
California is the only state that has essentially put a rent control type of restriction on home owner insurance premiums.