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25 December 2024 | 1 reply
-Recurring and Seasonal Maintenance Tracker -Finding a Market-Analyzing a Market-Property Closing Checklist-Underwriting and Analysis Worksheet-Due Diligence Checklist -Buy Box Checklist There is no reason to recreate the wheel.
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26 December 2024 | 18 replies
What started as a promising BRRRR ended with us making the tough decision to sell at a loss after an unexpected disaster.The Numbers:Sold for: +$230KPurchase Price: $115KClosing Costs: $3KRehab Costs: $105K ($49K original rehab, $56K additional repairs due to the car crash)Holding Costs: $31K (12 months)Selling Costs: $16KInsurance Claim Recovery: +$25KNet Income: - $16KWhat Happened:This was supposed to be a BRRRR.
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14 December 2024 | 2 replies
Luckily both sites collect the taxes for our place.Our little town did implement a 1% tax that I have to pay separately.
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23 December 2024 | 9 replies
I use this for tax and insurance which all properties have)Expenses (general business like admin/legal and by unit for repairs, trash, utilities...)EBITDA (earnings before interest/taxes/depreciation/amortization.
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25 December 2024 | 2 replies
Hey Serena, we host a monthly meetup event on the first Wednesday of each month (skipping January due to the Holidays) at Lucid Winery on R St.Next meetup will be February 5th.
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21 December 2024 | 10 replies
Most part time and full time investors use these loans due to the simplicity and straight forward qualifications.
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26 December 2024 | 4 replies
Hi all, I've been housing hacking a duplex since 2021 and due to some life changes will be relocating out of state.
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23 December 2024 | 12 replies
I’m not sure what sort of extensive “due diligence” you did but clearly you didn’t.
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24 December 2024 | 44 replies
The state’s housing is also ranked as the fourth most affordable in the country.Alabama currently has the second-lowest average property tax rate in the country at 0.4%, which helps investors keep more of the money they earn.
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26 December 2024 | 7 replies
Due to the holidays the time to appeal has been extended and there are 2 more working days left.