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2 February 2025 | 1 reply
Will rent for 1750/month.Capex items needed soon: roof, water heater, furnaceArea: A area, appreciation is at about 5% a year but average home price is ~$500K so this home will appreciate faster, this will have multiple offers on itDeal #2 - mixed use, small office with a 3 bedroom and a 1 bedroom over it.Ask: 325KCurrently fully rented on one year leases, bringing in 4775/month but only one tenant pays their own utilities plus owner is responsible for snow removal and landscaping.
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14 February 2025 | 8 replies
Start by formalizing the transition—create a lease agreement and maintain detailed records of rental income and expenses.
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18 February 2025 | 1 reply
They are very expensive typists who will fill out forms for you and give you access to MLS.A bad broker will cost you 5-10% of price, a good broker will make a property cashflow.
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21 January 2025 | 59 replies
But, ON AVERAGE those properties appreciate about $325-$400k per year.
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3 February 2025 | 8 replies
We have previously tracked all expenses manually in google sheets and produced financials statements manually, also in google sheets.
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26 January 2025 | 5 replies
What I usually see is that they start with the average $/sq.ft of the sales price in the area.
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18 February 2025 | 192 replies
This will slow new housing and make it more expensive.
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12 January 2025 | 4 replies
For 1099 income, we will look at a 2 average of income using your NET NET income (bottom line income).
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5 February 2025 | 4 replies
But ya have to make some educated prognostications in life.Add this to the information your processing - What your talking about doing is eliminating around $4000 or interest expense (which is deductible anyway so really could be a real impact of eliminating $2800 or so) of debt in exchange for paying over $10K in capital gains tax (don't forget possible state gains tax as well).
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17 February 2025 | 10 replies
A property manager should always account for both income and expenses—you’re the owner, and you have a right to see exactly where your money is going.It almost sounds like he thinks he’s doing you a favor instead of working on your behalf.