Joseph Beilke
Costa Rica Info
11 January 2025 | 11 replies
Here are the numbers:IncomeTotalPartner ContributionsManaging Partners Debt$0.00Partners Deposits$987,459.99Total Contributions$987,459.99Operating IncomeAirbnb Income$50,186.50Square Income (Vehicles or add-ons)$6,741.04Total Operating Income$56,927.54Total Income$1,044,387.53ExpensesPurchase of propertyCost of House-680,000.00Closing Costs-$26,744.44Total Cost of Purchase-706,744.44Set Up ExpensesHouse Improvements & Care taker home addition-116017.03Adding Tiny House-52130.83Furnishings-68403.65Vehicles-43150Set Up Costs and Advertising-2339.53Total Cost of Set Up-282,041.04Operating expensesCare Takers-14535.9Additional Cleaners-1505Cleaning Supplies-2670House Supplies-1340Landscaping-4230.66Utilities (Power & Water)-8204Internet-315Pest control/fumigacion -120Pool cleaning/maintenance-2220Vehicle Gas-552.3Vehicle Maintenance and Repairs-6625.01Welcome Food for Guests-115Property Repairs-4999.64Bank Fees-1208.06Accounting Fees-1085Insurance-955.74Other Expenses-1071.2Total Operating Costs -$51,752.51Total Expenses-$1,040,537.99Net Income$3,849.54Net Operating Income$5,175.03Now 5k for an investment of 970k is not a good investment.
Jon D.
Relocation / selling vs investment?
22 January 2025 | 12 replies
Without a mortgage, this decreases the risk of a rental vacancy and improves cashflow.
Colleen A Levitt
DSCR out of a DSCR?
9 January 2025 | 15 replies
It’s worth reaching out to your lender to discuss the specifics and get a quote based on your improved property value.
Alex R.
Southern Impression Homes
14 January 2025 | 27 replies
I have not been impressed to date with Suncoast PM and if nothing improves I'll be looking for a new PM when agreement term expires.
Shayan Sameer
Seeking Advice on Real Estate Investing Strategies
12 January 2025 | 6 replies
Often, traditional lenders offer better rates, which can significantly improve your profit margins.2.
Matthew Drouin
Good Cause Eviction Law Passed - 3 Things You Need To Know
30 December 2024 | 15 replies
I never paint, swap rugs (except flooding), or do other improvements on rent controlled units This can lead to blight.Who benefits from rent control?
Austin Bull
AI and REI
29 December 2024 | 8 replies
These systems are becoming more sophisticated and (my favorite) capable, leading to improved user experiences and potentially freeing up human employees to handle more complex tasks and interactions.
Joshua Piche
Im looking to move out this year and house hack my first property
7 January 2025 | 12 replies
.- After closing, you can do some of the work yourself to save money, but the program doesn't allow you to pay yourself.You will want to buy a Class B property, maybe Class C+, in an area that seems to be improving.
Kyle Deboer
Raising Down Payment Money
14 January 2025 | 22 replies
Your credit score will be worth improving to acquire better financing options.
Luka Jozic
Experience of OOS investing in Cleveland after 1.5 years.
21 January 2025 | 101 replies
At the same time, someone else reduces your debt, and you get to use the tax code to improve your tax situation legally.