Mike Levene
House Hacking In Expensive Markets
16 January 2025 | 23 replies
We fixed the foundation and the flat roof issues with pooling water, and rents didn't meet the mortgage just yet.In 2023, we finally started to cash flow.
Sean Leahy
mid term rental
16 December 2024 | 4 replies
My goal is to make this property available to insurance companies, disaster recovery specialists, and individuals displaced by fire, flood, or other catastrophic events.I am seeking guidance on the most effective approach to market this property, specifically:Recommended Insurance and Disaster Recovery ContactsAre there specialized companies that manage temporary housing for insurance claims?
Jonathan Small
Case Study: Cockroaches to Cash Flow
27 December 2024 | 2 replies
•Systems: Servicing the HVAC system, replacing the water heater, and updating the electrical panel.The renovation was completed in 13 weeks and totaled approximately $35,600.
Fred Robertson
Pier & Beam Foundation Heaving
19 December 2024 | 3 replies
I don't think any water is coming into the crawlspace other than the plumbing leaks in pipes running under the house.
Joseph Beilke
Costa Rica Info
11 January 2025 | 11 replies
Here are the numbers:IncomeTotalPartner ContributionsManaging Partners Debt$0.00Partners Deposits$987,459.99Total Contributions$987,459.99Operating IncomeAirbnb Income$50,186.50Square Income (Vehicles or add-ons)$6,741.04Total Operating Income$56,927.54Total Income$1,044,387.53ExpensesPurchase of propertyCost of House-680,000.00Closing Costs-$26,744.44Total Cost of Purchase-706,744.44Set Up ExpensesHouse Improvements & Care taker home addition-116017.03Adding Tiny House-52130.83Furnishings-68403.65Vehicles-43150Set Up Costs and Advertising-2339.53Total Cost of Set Up-282,041.04Operating expensesCare Takers-14535.9Additional Cleaners-1505Cleaning Supplies-2670House Supplies-1340Landscaping-4230.66Utilities (Power & Water)-8204Internet-315Pest control/fumigacion -120Pool cleaning/maintenance-2220Vehicle Gas-552.3Vehicle Maintenance and Repairs-6625.01Welcome Food for Guests-115Property Repairs-4999.64Bank Fees-1208.06Accounting Fees-1085Insurance-955.74Other Expenses-1071.2Total Operating Costs -$51,752.51Total Expenses-$1,040,537.99Net Income$3,849.54Net Operating Income$5,175.03Now 5k for an investment of 970k is not a good investment.
Rene Hosman
What do you consider a "good" cash flow for a property in 2024?
7 January 2025 | 22 replies
This is calculated after accounting for all expenses, including taxes, insurance, utilities (water, sewer, garbage, electric, gas), and an allowance for maintenance costs (typically 5% of gross rent, adjustable based on the building's condition), as well as management fees.I invest in the Binghamton, NY area both as an investor and as a realtor.
LaTonya Clark
Lender- 40 year loans
25 December 2024 | 30 replies
.$275000 with 25% down, taxes $4080, insurance is 3000 yr and rents is $3800 month, Water $400 mth.
Hitanshu Shah
PM has breached contract; legal options for Out of State Investor?
15 January 2025 | 7 replies
If they suspend/lose their license, they're dead in the water.
Shelby Ek
HUD homes activating utilities for inspection or apprasials
8 December 2024 | 19 replies
I did some digging and am comfortable with the water issue, but I find it amazing what banks/HUD will do.My last HUD house they flooded it two days before my closing.
Ryan Fox
is the structural engineer correct??
17 December 2024 | 15 replies
Improve the grade if water flows toward or pools near the house.