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Results (10,000+)
Brandon Morgan Is a property manager necessary?
9 September 2024 | 21 replies
Funny how opposing viewpoints are financially driven :)Im a real estate agent who self-manages, so naturally I'd say find a great agent.
Dani Rodriguez Construction Worker Looking to Break into Fix and Flips – Any Tips?
9 September 2024 | 14 replies
But the best ways to get started are, in my opinion: 1) save up enough for a 10-20% down payment and then save a lot more on top of that for reserves, overages, and any unforeseen repairs.    2) have your financial house in order and have credit above 700 to get more favorable rate and terms from lenders.   3) speak to a loan officer that is experienced with fix and flips and get the necessary documents together for a pre approval (typically not much required, usually a valid ID, LLC docs if any, and two months of bank statements showing funds for down payment and reserves). 
Colin Ghira Tax Preparation and Filing with QuickBook
7 September 2024 | 0 replies
**Instant Reports**: Generate essential financial reports like Profit & Loss Statements and Balance Sheets at the click of a button.
Alex Silang Renovation/furnishing costs of an STR
8 September 2024 | 18 replies
in my experience, if its a "average sized home" i take that as a 3/2 or 4/3, 4/4 etc that number of 30k is very close. 20k low end, 30k high and of course you can get stupid beyond that.cant comment on the financial return as to much missing info as others have said but if it rings true of 1k per month, potential 3 year return is accurate 
Matthew Sarro How necessary is a history of personal financial statements for a lender?
3 September 2024 | 20 replies
The issue you will run into is not the lack of personal financial statements.
Michael Schaffer Gas Station Purchase - Newbie advice
8 September 2024 | 9 replies
I'm located in the Southern California area...Orange county to be exact.I would love to see a copy of financial statements from someone in the industry, so I can simply see a example of what type of expenses & margins I can expect.. 
Meghan Begue Transition from W2 to full-time REI-- Starting a Property Management LLC?
7 September 2024 | 7 replies
Your point about working with a realtor or someone in property management who’s looking to scale also resonates with me, as I’m always open to collaborating and learning from others in the industry.I’ll definitely keep in mind the financial considerations you mentioned when transitioning careers or starting a new business.
Yonathan Cabrera VA Home Loan Leveraged for STR
9 September 2024 | 18 replies
I am currently a 19 year old looking to simply gain as much financial education, simultaneously saving money for future investments. 
Becca F. What makes someone qualified to be a guru/coach/mentor?
6 September 2024 | 19 replies
Guru #3 is "financially free from W2 job" from doing OOS BRRRRs in less than 3 years, scaled to 21 units in one year and now at 35 units.
Dani Beit-Or What do you think of this subject-to deal in Metro Houston?
6 September 2024 | 3 replies
Loan Balance $295,000Loan Maturity Date 11/1/2051Property Specifications:SFHBedrooms 4Bathrooms 3Square Feet 2316Year Built 2021Garage Size 2Schools Rating (scale 3-30, 30 is best) 18Lot size (sq ft) 7,631.0Purchase price: $330,000Market Value: $350,000Estimated Financial AssumptionsMonthlyYearlyRent (upper)*$2,350$28,200Rent (lower)*$2,250$27,000Property Taxes$425$5,100Insurance$200$2,400Repairs$65$780Property Management Monthly (%)0.00%Property Management Monthly ($)$75$900Leasing Fee$95.80$1,150HOA$146$1,752Vacancy Rate4.00%Total Fixed Expenses$1,096$13,150Total Expenses (Fixed + Mortgage)$2,620$31,437