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31 January 2025 | 20 replies
Remember, I sent a signed and amended the agreement on November 28th, sent it to them for signature, received confirmation of their receipt, wired funds, requested multiple times they send me the fully executed agreement, never received a fully executed copy back from them and finally was questioned by them yesterday as to why I altered the agreement (meaning there was no meeting of the minds since it's therefore proven that they didn't even look at it).I have rescinded my offer to enter into a contract with Estate Legal for lead generation services and am now seeking a full refund, including my cost of wiring the funds.
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16 January 2025 | 4 replies
One issue that I'm noticing is the range of reported insurance costs.
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18 January 2025 | 16 replies
Keeps costs low and guests satisfied!
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23 January 2025 | 16 replies
Not going to give here a lecture on S-corps, but take my word: no benefits, only extra hassle and extra cost, such as preparing another tax return.
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15 January 2025 | 18 replies
Borrowing $200K at 4-5% will cost you $8000 - $10,000 of interest each year.
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16 January 2025 | 15 replies
Cost approach A straightforward method that adds the cost of the land to the cost of building construction.
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30 December 2024 | 4 replies
However, I still struggle to understand the art of estimating rehab costs.
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20 January 2025 | 6 replies
Markets like Texas (San Antonio or Dallas) or North Carolina (Charlotte) could offer better cash flow with lower costs.
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15 January 2025 | 14 replies
Every project needs a quote and you should be able to estimate the material costs.
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18 January 2025 | 1 reply
The bank will make you leave 25% equity in the property - but you also still want the property to at least cash flow some - so be careful how much equity you pull out / new debt you take on.I would do a cost benefit analysis of what your actual gain is in cash-flow on buying a new property with a (currently) higher interest rate (if financing), versus just holding on to the current appreciated property and enjoying that cash flow.All the best!