
10 December 2024 | 6 replies
A heloc can "never" be used as an "Asset" or Liquid reserve both required when you purchase additional rental properties.

9 December 2024 | 1 reply
Architecture did a design and well respected contractor estimated the buildout of 4 plex would be an additional ~800k for total project cost of ~1M. it would be ~1.2M for the 7 plex.

9 December 2024 | 23 replies
I was told I can pay $3k to remove the part of the tree that's hanging over the garage (in addition to the $3k deductible I'm already paying) or I can take the next door neighbor to civil court because the tree over the garage is actually dangerous to the tenant who lives there.

12 December 2024 | 17 replies
I have an offer in on a property setup exactly the same with big house in front and a little additional unit.

10 December 2024 | 17 replies
Additionally, I normally build in at least 7% of the purchase price going towards transaction costs when selling a property.

9 December 2024 | 98 replies
How does that make Bitcoin any more or less valuable (well, less valuable is easy to picture but it doesn't make it more valuable).

10 December 2024 | 13 replies
@Eric Lowe Prior to pulling the trigger on a Cost Seg study, you should evaluate 2 things:1 - How much net additional deprecation tax deductions a Cost Seg study would provide: Best way to get this is by requesting a free feasibility analysis from a Cost Seg provider.

13 December 2024 | 35 replies
So even if the cash flow is only 3% or 4% cash on cash, that’s enough to provide a protective layer to cover unexpected items.To me, the cash flow is NOT to put spendable cash in my pocket NOW but rather keep the property self supporting while it increases in value over the long term.In addition, every property a purchase has a cash reserve fund - call it my rainy day fund or my Sominex account (ie I can sleep at night knowing if the furnace goes out I have $8,000 in my reserve fund to replace it.)One final note, I have found once one reaches a certain net worth, cash flow no longer is a concern, there is always as much cash flow as anyone wants.Final note, who will have more cash flow someone with $1M investible cash or $3M investible cash?

7 December 2024 | 6 replies
The Plus subscription would allow you to keep track of each property/project and produce reports for them individually in addition to keeping track of the entire business as a whole.

8 December 2024 | 19 replies
Luckily this was a super cheap property so I could afford the additional down payment.