5 January 2022 | 4 replies
Increasing the capex estimate would quickly begin eating into the returns!

10 January 2022 | 4 replies
I communicated to him through text that I would like to end any future and to just go our separate ways (I will eat the cost).

4 January 2022 | 5 replies
The repairs are eating up some of your cash flow for now, but as you buy more and more equity in the property, you're setting yourself up to be able to either refi and buy more assets or sell at a higher value.

10 January 2022 | 3 replies
I know i need to start looking more into tax strategies.I understand that save/buy is a (relatively) slow way to expand.. but i'm also not looking for a "Boom"I'd be hard-pressed to refi... i've decent rates and for now i'm looking at cashflow until i'm not dependant on my W2 job ( i think that at 7 units i could "get by"..barely) then i can move towards being more concerned on long term wealth/retirement/equityThe rentals have their own business account that i do not dip into** I do not pay myself rent, BUT the business account does pay my personal gas/electric.from my W2 earnings i spend about $1300/mo on everything ( from car insurance to eating out), rest is savedany new downpayments are a mix of business account and savingsWith the 5 total units ( 4 rented; 1 personal use) I "Cashflow" about $1K/mobut that number does not account for any CapEx.What might you change/suggest about my strategy?

6 January 2022 | 1 reply
The more you finance (generally), the greater the interest and principal payment will be every month which will eat away at your cash flow.

9 January 2022 | 3 replies
. $3000 for a month still beats a hotel and eating every meal out with a family.The expectations are high, needs to be super clean and look nice.
7 January 2022 | 5 replies
If so, I'd eat the 3 weeks of lost rent and tell them they pay for their own AirBnB.

9 January 2022 | 1 reply
Between these two services, you should be able to eat like a Queen without spending a dime on food.3.

10 January 2022 | 6 replies
So, even if your all-in costs exceed 75%, or if your lender fees eat into that equity and you only have 20% equity on the refinance . . . you were able to "purchase" this tenanted, renovated home for 5% down functionally.

17 January 2022 | 9 replies
My wife and I have little get togethers and we also go out to eat with lots of friends(the business always pays).