
1 February 2025 | 7 replies
If you have a swimming pool check out the water pump system with aerial hoses.

13 February 2025 | 22 replies
Be certain you've fully evaluated your cash flow by doing a cash flow analysis.I leave it to you to confirm you've taken in consideration the following potential costs: CapEx, maintenance, property management, water, sewer, trash, vacancy, turnover, taxes, insurance, etc.

31 January 2025 | 8 replies
There's no way I can keep the house above water with that rent let alone consider any positive cash flow...so I need them out!

27 February 2025 | 26 replies
Luckily it was sec 8 so I mostly stayed above water until I dumped it.

26 February 2025 | 58 replies
In one of the 3 fundamental human needs (food, water, shelter).

27 January 2025 | 7 replies
Quote from @Jeffrey Bourque: Hello All, I am new and this is my first attempt at purchasing a property with the intent to create monthly cash flow.The property: Triplex Listed at $140,000 - Total monthly rent income $2,150 - Tenants want to stay and are all willing to sign new leases for 3 years - 8 beds 5 baths and 3,500sqft livable space on a 4,800sqft lot - Heat and electric paid by tenants and water trash paid by owner $180 month - I have managed to talk the selling price down to $105,000 with a kick of $10,000 for closing and commissions so $115,000 all in - Building is in fairly good shape according to pictures and questions but have not done a inspection yet - some general maintenance repairs are needed according to the seller but nothing that seems to bother the tenants. - Taxes are on the higher side at $6,000 yearMy Numbers: $115,000 putting 20% of my money $23,000 and finance the rest with total expense of $1,834Monthly expense numbers: Future Maintenance 13% $273 - Vacancy 5% $105 - Property Insurance 5% $105 - Property Taxes 23% $500 - Property management 10% $215 - Office/Travel/Legal 4% $84 - Mortgage 26% $552 - Monthly Cash Flow - $316 per month or $3,792 per year so Cash on Cash = 17%I think this looks like it is a deal worth doing and I also believe I can bump the total rent up by $50 each tenant which I think make it even better.

22 January 2025 | 9 replies
I used to live in the city and the taxes and water bills are nightmares.

29 January 2025 | 4 replies
Do you have central boiler for water and heat or individual units?

22 January 2025 | 22 replies
For Enclave, it seems that if we manage and post on Airbnb, our guests cannot use the water park/amenities.

27 January 2025 | 23 replies
Plus each house sitting empty for t months seems wasteful.)But it’s hard to find a warm but not hot and humid location.