
28 November 2024 | 184 replies
Do you know what address location for GA and how you got this info.

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?

29 November 2024 | 6 replies
I have a rental property which cash flows, however on my last tax return I had reported the rehab costs for this property as a write off.

5 December 2024 | 31 replies
You should either buy with a DSCR up front if the property is eligible and self fund your rehab or hard money for acquisition, do most rehab to common areas with the exception of additional walls prior to refinancing into a long term DSCR loan.

28 November 2024 | 4 replies
Previous issues that were reported were relatively minor and were addressed a few years ago, so there’s nothing outstanding in that regard.Some title or certificate of occupancy issues can cost tens of thousands to six figures to resolve.

1 December 2024 | 377 replies
Have a clear concise vision of what you plan to do (rehab, renting, etc) repayment, (personal/business) sources of income, etc.

26 November 2024 | 6 replies
How does it address situaitons where occupants either have a fake lease or got scammed by someone posing as the landlord?

25 November 2024 | 3 replies
You can search by address to find the owner's name and contact information.

28 November 2024 | 7 replies
My property taxes more than doubled once the county found out I was renting it out and not living there - they mailed me something and it bounced back showing them California address (mail forwarding lasts a year).

27 November 2024 | 6 replies
We always send deposit refunds by check to a forwarding address provided by the tenants.