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22 April 2024 | 28 replies
( He worked as a part-time super for a few other much larger buildings so this was welcome supplemental $$$ for him)If you manage properties in the area (say anywhere in the area loosely bordered by Sunset-Park, up to GreenPoint to Williamsburg & Bushwick, down to Lefferts/Flatbush (see red-circled area in map below) let's create a little 'union' to share a part-time roaming Super !
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22 April 2024 | 14 replies
Some might have a strong NNN tenant in place with 10+ years left on the lease, and it might be a big corporation that you can take to court if they ghost on paying their rent, while others might be office suites broken up into small offices on 6-36 month leases with shaky tenants like a nutrition supplement MLM that uses the office for 3x a week rah rah meetings on how to recruit more people into the pyramid scheme, that are immune to law suits b/c you can't squeeze juice out of a rock.
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20 April 2024 | 4 replies
First option is to sell the house immediately and utilize those funds (~100k) to supplement the cost.
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20 April 2024 | 6 replies
The eventual income from real estate will supplement our retirement and SS so we can do the things we want to do with our time.The best part is our kids will be in a much better place financially due to this and it can change our family tree forever.Funding:HELOC on CondoW2 JobsLightStreamEstimated Equity:4/18/2023 - $165k4/19/2024 - $207kEstimated Value of Assets:4/18/2023 - $232k4/19/2024 - $1MNothing wildly impressive for equity growth, but if our portfolio property values average 3% growth annually, we are getting $30k in appreciation instead of $7k.
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19 April 2024 | 5 replies
I would supplement with some HELOC funds as long as you calculate the HELOC payment when considering the investment property.
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18 April 2024 | 3 replies
These expenses would be reported on Schedule E (Supplemental Income and Loss) of your tax return.Since you incurred these expenses before you started renting out your property, you can typically depreciate the cost of the furnishings and any improvements made to the property over their useful life.
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15 April 2024 | 10 replies
We BRRRR 8-10 per year and the flips supplement the money left in the BRRRRs.
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15 April 2024 | 9 replies
We BRRRR 8-10 peryear and the flips supplement the money left in the BRRRRs.
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18 April 2024 | 141 replies
I drink a greens shake, cut down on coffee and supplemented with mushroom coffee, and limit my refined sugar sweets to special events like parties and celebrations.I'm no underwear model, but I feel like this routine gives me the energy I need to keep moving right now.
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15 April 2024 | 10 replies
See attached Supplemental Income and Loss, statement.