
6 August 2024 | 0 replies
Property 1:Purchase price - $73,000Mortgage - NONE (Paid Cash)Monthly Rent - $875Monthly Profit - $580Property 2:Purchase price - $65,000Mortgage - NONE (Paid Cash)Monthly Rent - $950Monthly Profit - $750Property 3:Purchase Price - $107,500Mortgage - $80,625 Monthly Rent - $1300Monthly Profit - $435Current Cash Available - $110,000Current Available Equity - $96,500 Cumulative Total - $206,500The available equity was a HELOC loan that was given at 70% LTV so those are real numbers, they would be from property 1 and property 2.The reason im typing this is because I would like to know if there were any builders that could give a rough estimate of building cost per square foot in Kansas City area or suburbs.

8 August 2024 | 46 replies
Truth is low grade properties are not profitable unless you self manage and get work done for below market rates.

6 August 2024 | 54 replies
I do this for profit.

9 August 2024 | 39 replies
As to your points about other methods such as 'investing in a private syndication' or the like imagine this; you can invest say 500K cash and make a 500K return over 5 years that you now owe say 200K in taxes on leaving you with 300K profit - *or* you could invest 500K from your ROTH IRA or SOLO, make a 500K return and owe NO taxes and net 500K profit - a 66% better return.

6 August 2024 | 17 replies
Some potential downsides include giving up more profit and possible disagreements on project decisions.

7 August 2024 | 7 replies
Keep that 1st house hack and buy another primary residence (SFH) or sell 1st house hack and use some of those profits for primary/another investment?

7 August 2024 | 7 replies
Hi Sylvia,I’m seeing vacant lots within HOAs like The Hideout, Indian Rocks, and Lake Wallenpaupack estates that have high margins and researching the area, I found at least a couple similar lots in the same area selling for %200 profit on the low side.

7 August 2024 | 15 replies
It falls apart completely if you think of yourself as as tenant and pay yourself rent (that you would otherwise be paying someone else).https://www.richdad.com/your-house-is-not-an-assetI prefer the quote from The Richest Man in Babylon, "Make of thy dwelling a profitable investment."

8 August 2024 | 28 replies
A broader market demand can lead to faster sales and potentially higher profits when it's time to exit the investment.#6 Lower Maintenance Costs:In comparison to small multifamily properties, single-family homes with ADUs often have lower maintenance and repair costs.

7 August 2024 | 6 replies
There simply may not be enough "meat on the bone" to make a profit commensurate with the hassle and stress.