Kayla M.
College Student and soon to be Active Duty Military hoping to learn and connect
15 January 2025 | 9 replies
.: Hello Health!
Jonathan Small
50% Rule vs DSCR > which do you use to calculate a good rental
15 January 2025 | 4 replies
However, they approach financial health from different angles.The 50% Rule is a quick estimate that suggests operating expenses (excluding mortgage principal and interest) will roughly equal 50% of the property's gross income.The DSCR is a more precise calculation (Net Operating Income / Total Debt Service) that determines if a property generates enough income to cover its debt obligations.Deal example:- Class C middle class neighborhood- 4bd / 2ba single family house- ARV: 190k- Purchase: 105k- Rehab: 35k- Market rent: $1,400-1,525- Section 8: $1,475- Property manager: 10%- Taxes: 125 month- Insurance $1250 yr- HOA: $55 month- purchased and rehabbed with all cash.
Kobe McDaniel
How to get Boomers to Sell
23 January 2025 | 2 replies
Depends on their health and any desire they may have to simplify.
Erika Andersen
Advice on working with a home buyer's RE agent using an hourly rate?
23 January 2025 | 8 replies
For example we pay our own income taxes, broker splits and all of our other expenses directly out of what we make including required E&O insurance, MLS dues, licensing fees, Board of Realtor dues, continuing education costs, marketing, advertising, office fees/rent, transaction coordinator/ assistant fees, health insurance, car insurance and maintenance, gas, tires, software, retirement fund, etc.We are not W2 employees with payroll taxes already taken out of our paychecks, company-paid health insurance and matching retirement account plus a guarantee of at least 40 hours paid work per week, sick pay, paid vacation… none of that.So if you’re thinking you’ll be able to pay an hourly wage typical of a W2 hourly employee like $50-85/hr… that’s definitely not going to work.
John Reagan Johnson
Switched to a Property Manager
22 January 2025 | 9 replies
So, if you have 10 units and you are going to pay $1,500 a month and you are working on an active income job, too, this is an easy switch due to the labor mentally and physically (even if it is just phone calls) to get these rentals running as a well-oiled machine.
Kasey Hardt
Development Update- Charlotte's Pedestrian Bridge
18 January 2025 | 1 reply
Led by Atrium Health and Wexford Sciences
Phillip Austin
Nightmare Tenant - This is why you need a property manager!
24 December 2024 | 7 replies
Tenants have dog allergies and chronic asthma; the persistent smell and the dog hair found in multiple areas so far are harmful to our health and have, can, and will exacerbate health conditions of tenants.We believe the issues described above present a materially dangerous or hazardous condition to the health and safety of our household.
Gregory Fluharty
House hacking setup: Refi current primary and split occupancy
6 January 2025 | 5 replies
If you're going through mental gymnastics to make it work, then it probably isn't your primary.
Ryan Treacy
What Do I Need to Know to Be a Landlord in Indianapolis, Indiana?
21 January 2025 | 4 replies
Registration RequirementsIn Indianapolis, you’ll need to register your rental property with the Marion County Health Department.
Jorge Abreu
📚Kick off the New Year with These Book Recommendations!
23 January 2025 | 2 replies
Pair that with E-myth to build solid systems and Can’t Hurt Me for mental toughness, and you’ve got a killer combo.But here’s the real trick: consistent action.