Travis Boyd
How effective can MTR be with small multifamily properties?
7 January 2025 | 16 replies
It's easier to scale with multifamily properties due to income potential and operations.
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.
Ashley Wilson
New Leases versus Renewals: What matters more?
10 January 2025 | 2 replies
It may surprise you, but we have always operated under the premise that renewals make us more money than new leases.
Anthony French
Any ideas or information finding funding for a development
24 January 2025 | 6 replies
Platforms like BiggerPockets, local REI meetups, and Facebook groups can connect you with investors seeking opportunities.Joint Venture Partnerships: Consider partnering with a seasoned developer or investor who can provide the capital while you contribute your vision and operational effort.Hard Money Loans: If you’ve identified a property, some hard money lenders may fund the purchase and development based on the future value (ARV) of the project.Crowdfunding Platforms: Sites like Fundrise, Groundfloor, and RealtyMogul cater to real estate developments and could be a great way to gather capital.Seller Financing: If the land seller is open to it, negotiate terms to finance the purchase directly with them.2.
Mark S.
American Homeowner Preservation (AHP) Fund
19 January 2025 | 354 replies
Opening a new fund or operating company and not reporting on the old fund’s results3.
Rami Refaeli
Hello from a Texas Flipper - Excited to Connect!
22 January 2025 | 11 replies
We operate in the DFW, San Antonio, and Houston markets, helping investors grow their portfolios with turnkey LTR properties.
Jim Stanley
Anyone invest with a hard money lender (lend to them to get interest)?
25 January 2025 | 5 replies
Thanks, Victor.I have met the people in person, and it's a fairly large, established lender operating in multiple states.
Edgar Duarte
should I sell NOW to avoid taxes or hold it for appreciation?
22 January 2025 | 4 replies
I’m a long term rental guy, so make less than an Airbnb type operation on cash-flow .
Shane Smith
Opinions on franchises
25 January 2025 | 8 replies
Franchises work for a reason, but inexperienced operators are why they fail.
Mitch Davidson
New STR Restrictions Coming for the Asheville Area
17 January 2025 | 40 replies
It's important to understand the zoning/code requirements and obtain all necessary permitting if you intend on operating your real estate as STR anywhere in the country.