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8 October 2024 | 5 replies
Thank you all.Tanya BRRR's are pretty common here.
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8 October 2024 | 9 replies
Raising the rents, billing back utilities and growing the gross income on the park are all your future opportunities and for you to capitalize on.
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7 October 2024 | 0 replies
Most commonly in this area it would be for boats/campers.Specific insurance?
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13 October 2024 | 34 replies
When I first started years ago, I utilized owner finance and other techniques which most sellers would say no to if they didn’t meet me in person and see who they were working with.
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9 October 2024 | 9 replies
This can lower utility costs for tenants and increase the property’s attractiveness.
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5 October 2024 | 15 replies
Split-fee: most common and split between the Host and guest.
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10 October 2024 | 15 replies
Though we have utilized higher cash flow strategies (short and mid term), we have made more in appreciation than cash flow.
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9 October 2024 | 10 replies
A cash-out refinance can reduce your credit utilization and improve your credit score.
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8 October 2024 | 10 replies
Let me break them down for you:Purchasing a Property through Your LLC:Yes, you can definitely purchase properties under your LLC, and it’s actually a common strategy for investors looking to grow their portfolio.
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4 October 2024 | 8 replies
Hi Brian,You're on the right track, but to determine if you're truly generating cash flow, it's important to look beyond just your mortgage payment.Here's what to consider:Income: You're receiving $2,100 in rent, which is great.Expenses: Besides your $3,232 mortgage, you likely have other expenses like property taxes, insurance, maintenance, utilities (if you cover any), and potential vacancy costs.If your total rental income exceeds all of these combined costs, then you're generating positive cash flow.