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16 January 2025 | 3 replies
That is where the concern would be for me.Yeah, older tenants may think that it automatically makes someone a criminal of something, but I would just explain the card and that it at least, in theory, has a medical purpose, unlike cigarette smoke which kills the smokers and everyone else around.
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27 January 2025 | 2 replies
Unsure about STR regulations in Charleston but I would advise you to search "arbitrage" on this forum and read up on the hundreds of pros and cons responses here before diving in to any market using the arbitrage model.
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27 January 2025 | 1 reply
We negotiated a deal with the owner for 20% Equity, we are responsible for infilling the community as well as property management (which we also get paid separately for).
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28 January 2025 | 20 replies
You want an accountant who can help you strategize and who is responsive when you want to know the consequences of the financial decisions you are making throughout the year.Good luck.
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4 February 2025 | 8 replies
You have 10 new construction projects complete, but no money for the next three, which indicates you aren't financially responsible or your projects aren't producing enough of a profit to propel you forward.
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5 February 2025 | 17 replies
Held in my property entity that I purposely keep a low balance and doesn’t show a lot of income.
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3 February 2025 | 1 reply
Also I feel that previous owner realtor inspector and HoA the ones should held responsible for this.
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31 January 2025 | 8 replies
These are extreme examples used for illustration purposes.
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10 January 2025 | 3 replies
Here’s some context: Property 1: >$100k in EquityValue: $325kDebt: $220k @ 2.88% (30-year fixed)Property 2: >$70k in EquityValue: $325kDebt: $252k @ 3.38% (30-year fixed)Extra considerations: - I have $15-20k liquid to use for any of these deals- My current job is relatively stable, but not high-payin- Current properties in TX, living in NY, looking to invest in Mid-West (crazy, I know)- No other debt obligations besides the two mortgagesUltimate goal/timeline: Though a bit ambitious, I’d love to build up the portfolio to 10-20 units in the next two yearsI understand that any/all replies aren't financial advice; all ideas welcome for information purposes.
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4 February 2025 | 1 reply
So you're going to get responses from a lot of people that offer coaching.