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18 February 2025 | 4 replies
It’s inconceivable to me how someone with a RE broker license, a CCIM, and a plethora of Series Securities Registrations can think that the property tax valuation would be reassessed at a LOWER value after knowing that the subject property and neighbor properties were being sold for record prices with each recent sale.
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4 February 2025 | 10 replies
The BRRRR strategy, which stands for Buy, Rehab, Rent, Refinance, Repeat, focuses on long-term investment, while the Fix & Flip approach involves purchasing, renovating, and selling properties for a profit.Investing in Airbnb rentals presents a distinct set of challenges, requiring active management and a thorough understanding of local regulations, but it also has the potential for higher returns.Here is a concise overview of the advantages and disadvantages of each method:Fix & Flip:Pros.- Potential for quick profits - Enhances property value - - Adaptable to market trendsCons.- High risk - Time-intensive - Requires substantial capitalBRRRR:Pros.- Builds long-term wealth - Generates rental income - Increases equityCons.- Complex process - Requires financing - Dependent on market conditionsAirbnb:Pros.- Potential for higher returns - Flexible pricing - Short-term commitmentCons.- Requires active management - Subject to regulatory risks - Income can vary seasonallyI wish you the best in your new venture.
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3 February 2025 | 3 replies
-save $1k+ in taxes and fees yearly-can use the savings to get more insurance and a higher liability than the value of house. for flipping houses in California does anyone just put into sole proprietor own name and just use the $1k+ in savings for LLC costs into Insurance or use for savingor am I just being too risky.
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11 February 2025 | 25 replies
All you need is a single place to track tenant information, payment history, maintenance, and a few other things.
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18 February 2025 | 9 replies
The reason I say this is that with a 5+ unit a lender will evaluate based on NOI and a cap rate, so adding a 5th unit COULD (or could not) substantially increase the value of the building and make it worthwhile to refinance and pay off the existing loan (that is tied to the "old" quad) anyway.
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18 February 2025 | 8 replies
The master is a selling point of a SFH in these areas and a nice bathroom space will help sell it.
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6 February 2025 | 12 replies
We still own a couple of mobile home parks together and a triplex.
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17 February 2025 | 15 replies
I would have internet and a streaming service -I like FUBO because they have everything else but a focus on sports, which can be hard to find on some of the other streming services...They should have their own accounts if they want to watch their favorite series or whatever...
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6 February 2025 | 6 replies
Nice folks and a lot of knowledge to go around.
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20 February 2025 | 5 replies
Quote from @Stanley Yeldell: Natalie, you're in a great position with a proven track record in hospitality and a strong cash-flowing asset!