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2 September 2024 | 12 replies
My goal is to generate cash flow monthly and increase my personal net worth.
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2 September 2024 | 2 replies
Most of the actual profits for title companies are generated by the title insurance policy itself, and in many a state, that cost is regulated by the state.
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3 September 2024 | 22 replies
I probably won't book any place that does not have instant booking turned on in the future.If I am not mistaken, instant book is a search criteria on one of the platforms, and if you are not doing that, then your pool of potential customers is smaller by some degree.
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1 September 2024 | 8 replies
The goal is to acquire enough rental properties to generate $10,000 in monthly cash flow after expenses.
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2 September 2024 | 31 replies
That's why I'm currently training new staff to ensure we can always deliver properties with the required quality standard and efficiency.By the way, do you think it would be interesting to offer some basic customizations, like themed paper products or towels, during specific holiday months?
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1 September 2024 | 10 replies
I am looking to buy again in the next six months.Here’s the situation:I own a home in San Diego, currently worth about $1.05 million once the ADU is built.I owe $680k on the mortgage at 4.25%, with monthly payments around $5,500.The property generates $7,500 in monthly income: $5,200 from the main house as a vacation rental and about $2,300 from the ADU as a mid-term rental.My broker is advising me to do a cash-out refinance and switch to a DSCR loan, then move the property into my LLC.I’m hesitant because current interest rates are around 8%, and I was originally considering a HELOC due to these high rates.Given the high rates, would you recommend sticking with the HELOC, or does the DSCR loan make more sense in the long run?
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1 September 2024 | 1 reply
The other project aims to generate income through entry fees to cenotes and nature trails.
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1 September 2024 | 8 replies
I used a faucet as an example because that is an item that normally breaks down first and often observe customers walking down the fixture aisle at HD or Lowes looking for the least expensive option, whereas purchasing inexpensive tile or other cosmetic items won't necessarily cause maintenance issues although I would argue will cost you revenue (more on this below).
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1 September 2024 | 5 replies
They do generate a profit, but with the heat here, we end up having to block them out from June through August.
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31 August 2024 | 0 replies
We added some custom details to the property to make it more appealing for our tenants as well as manage the property effectively and efficiently so that our tenants always wish to stay residing in the property.