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27 December 2024 | 3 replies
You don't need to know everything to get started; you need a foundation to build on, and the rest will come through experience and then refining your education.You can build a basic understanding of investing in 3-6 months.
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23 December 2024 | 0 replies
This is expected for the time of the year.Rentals - Months of SupplyAbout 1.6 months of supply for our target rental property profile.
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24 December 2024 | 6 replies
This plays into the affordability issues for tenants by allowing them to live in nicer neighborhoods for less money, yet I get monthly revenue comparable to short-term rentals.
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23 December 2024 | 5 replies
The seller becomes the bank and pays capital gains one time on the downpayment (which keeps it low to make sense for them) and then also monthly on the payments (also incentivized to just match how much he wants a month).
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25 December 2024 | 1 reply
Cody,If you want to work with a bank or lender to build on a piece of vacant land you will need to be on title of the land for at least 6 months.
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19 December 2024 | 82 replies
I'm also a former math teacher, so trust me, setting up an S-Corp for operations is NOTHING compared trying to get 30 twelve year olds at an urban school to learn math according to state standards.
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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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25 December 2024 | 10 replies
Is it a month to month tenancy?
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24 December 2024 | 1 reply
After buying this house, I partnered with others to invest in a duplex in the Wichita area.At the moment, I’m living in Tennessee, and I’m weighing two options: either selling my house and using the proceeds to buy a duplex in Overland Park or Wichita with my partners, or keeping the house for another 3 years, transferring it to our LLC, and renting out the entire property to maximize its rental potential ( $1400-$1600 ) I currently owe $200k on the property with a 6.5% interest rate, and my monthly payment is between ($1,700-$1800).
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3 January 2025 | 8 replies
Expect YoY rents to stay flat or decline slightly in the first 6-9 months of 2025, and for them to start growing YoY materially in Q4. 2026 will see rents explode - I think they could even grow as much as 10% YoY.