
30 November 2024 | 3 replies
Had I hired a professional, it would have been done in a month and the extra five months of rent income would have paid for the contractor, saving me six months of nights and weekends.

30 November 2024 | 0 replies
On Page 134, he lists the following when analyzing a deal:Sales Price: $132,490.00Sales Expenses: $17,000.00Loan Balance: $55,004.72Total Invested Capital: $35,950.00Profit: $24,535.28I agree with his thought process here when he calculates net profit, but I'm trying to verify the net profit by adding up all the sources of income over the past five years in his example by doing the following:Appreciation over five years=$12,490 (see chart on Page 133).Cash flow ($297.73x12x5)=$17,863.80 over five years.Loan paydown: ($60,000-55,004.72)=$4,995.28 over five years.Sales Expenses are still $17,000.Doing the math, profit= $12,490+$17,863.80+$4,995.28-$17,000=$18,349.08There is a $6,186.20 difference from the net profit he calculates.My question is: Is this $6,186.20 difference due to the forced appreciation gained in the property from the rehab he does in this example?

1 December 2024 | 5 replies
Help them get a family squared away quickly by answering all incoming emails and phones calls as soon as possible.
30 November 2024 | 4 replies
Are you looking for a job so you can make income now?

3 December 2024 | 29 replies
I like AHP but the 12% taxed as ordinary income wasnt as appealing as other investments with higher returns (but more hands on than AHP).

1 December 2024 | 3 replies
To @Mike Dymski point about density bonus for low income they tried that with new builds and that caused a rush of permits to go in before the law was past and very few projects after the law.

2 December 2024 | 29 replies
While it provides a steady income stream and potential appreciation, it demands active management, thorough tenant screening, and may involve higher vacancy risks compared to traditional leases.

25 November 2024 | 19 replies
Gradual transition Moving one property at a time is smart so you can learn as you go and avoid service gaps. 3.

7 December 2024 | 150 replies
A mortgage broker is one who is in the business of dealing in mortgages or notes, it is their primary source of income, they advertise and seek out note purchases and sales, there is a thin line between being a broker or in the mortgage business and being a personal investor.

1 December 2024 | 3 replies
However, a huge portion of the extra monthly payments would be offset by new rental income from my current primary residence.