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26 January 2025 | 4 replies
More traps, patch up holes, tell your tenants to be extra clean when dealing with food.
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3 February 2025 | 9 replies
Maybe an investor is flipping a lot of properties and you could offer to pick up and deliver materials to his crews, clean the work sites every night, bring his crew lunch, or whatever.Find a way to make yourself useful to them, and they will reciprocate.
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20 January 2025 | 11 replies
Do you have a current need for that cash flow generated from the tax savings?
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7 January 2025 | 3 replies
They will likely have the ability to generate them.Disclaimer: While I’m a licensed attorney, I’m not your attorney.
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22 January 2025 | 1 reply
This creates two loan payments ($100,000 of equity and $300,000 on the new mortgage).Key NumbersHome Equity Loan Interest Rate: 6%Mortgage Interest Rate: 7%Rental Income: $3,000 per monthExpenses (management, taxes, insurance, maintenance): $800 per monthIncome and ExpensesMonthly Rental Income: $3,000Monthly Expenses: $800Monthly Mortgage Payment: $2,000ExplanationThe investor earns $3,000 in rent each month.They pay $2,000 on the investment property mortgage and $800 on other expenses.This leaves $200 profit each month or $2,400 per year.However, you have to pay $6,000 interest on the equity borrowed.This leaves you with an annual loss of $3,600.While the rental property generates positive monthly income, the interest cost of borrowing the initial $100,000 results in an overall loss.
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22 January 2025 | 5 replies
You may want to read up on wholesaling as a way to generate some capital.
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12 February 2025 | 17 replies
so... clean-out and demo?
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17 January 2025 | 5 replies
Since then, I have started my own cleaning company specializing in Airbnb Turnovers, Commercial Real Estate, and working with Realtors to help create memorable client experiences.
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1 February 2025 | 16 replies
This can put a significant strain on your finances and cash flowThey also often require a large down payment themselves and may have a strict repayment schedule that can be difficult to meet, especially if there are unforeseen circumstances or delays in renting the property or generating income from itIn addition, relying on this type of loan may expose you to higher financial stress and the possibility of default if you are unable to meet your loan obligationsThe final decision depends on your overall financial situation, risk tolerance, and your ability to manage the associated costs and obligations
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22 January 2025 | 0 replies
The successful flip generated a quick profit, demonstrating the strength of our market strategies and partnership.