
12 October 2024 | 25 replies
Assuming a $2000/Mo starting rent and a $1700/Mo expense:Year 0: $2,000 x (1 + 8%)^0 - $1,700 ≈ $300: $5,000 / $300 = 17 propertiesYear 1: $2,000 x (1 + 8%)^1 - $1,700 ≈ $460: $5,000 / $460 = 11 propertiesYear 2: $2,000 x (1 + 8%)^2 - $1,700 ≈ $633: $5,000 / $633 = 8 propertiesYear 3: $2,000 x (1 + 8%)^3 - $1,700 ≈ $819: $5,000 / $819 = 6 propertiesYear 4: $2,000 x (1 + 8%)^4 - $1,700 ≈ $1,021: $5,000 / $1,021 = 5 propertiesWhile the above is over simplified, the concept is sound.Sufficient IncomeYou'll need income from multiple properties to replace your current earnings.

7 October 2024 | 5 replies
Hello,
I am new to this whole landlording world and am looking for an answer to an idea I had. I wish to stay in my local city. I am considering buying a house in another state that is cheaper than my market to rent ...

8 October 2024 | 22 replies
Her trying to move the date around multiple times shows she can't stick to an agreement she signed.

8 October 2024 | 6 replies
@Duy Xuan Do, if you do a 1031 exchange on the sale of your investment property you can buy multiple duplexes.

8 October 2024 | 3 replies
I have looked into multiple "Angel Investor" sites (invstr.com, pitchbook, askforfunding) as our company is growing and we need to secure funding before we turn loans away.

5 October 2024 | 6 replies
Hey BP,Currently a partner 50/50 and I have a dozen properties under one LLC. Buying another 30+ units (7 seperate properties all in PA) and I’m going to split them up into 3 additional LLCs but wanted to add an addi...
8 October 2024 | 5 replies
There has been multiple break-in's at the property, some of which have been burglaries and some have been squatters.
10 October 2024 | 0 replies
You can sometimes push the selling price higher with multiple interested buyers in a bidding war.Additionally, selling property in a hot market means you can usually negotiate better terms.

7 October 2024 | 3 replies
Our property manager mentioned that they cannot collect rental income for one property and divide it between multiple SSNs.Here’s their suggestion: "They are operating a business, and the IRS considers it a partnership.

7 October 2024 | 7 replies
Another thing is getting multiple bids on the work. 145K and 200K is a big difference.