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3 February 2025 | 79 replies
Profit and loss will be a guessing game.
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31 January 2025 | 29 replies
I can see the OP giving this a shot.. but it is risky he could end up making a few bucks and getting experience might just break even or he could take a loss.. that margin is very thin in markets that are not selling as soon as you get CO thats been one reason we have been profitable very few homes have been carried past CO so financing cost are at a minimum.. you hold a spec home 6 months past Co and every month your losing money you will not recover.
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8 January 2025 | 38 replies
Should I just chalk it up as a loss and move on?
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17 January 2025 | 19 replies
I am still at a loss why more investors aren't founding REITs or DSTs.
3 January 2025 | 10 replies
If the Ensuing damage is also not covered, the total loss could be vastly higher.
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29 January 2025 | 47 replies
@Steve Englehart why would you sacrifice the tax penalty losses for short-term cashflow gains?
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3 February 2025 | 34 replies
And I certainly wouldn't have survived it with no investor losses, as I was able to do thanks to having a manageable portfolio at that time.All that is to say that I wouldn't change a thing.
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8 January 2025 | 8 replies
However, it's important to be cautious, as sheriff sales can be risky for inexperienced individuals and may lead to significant financial losses.3 - Referring to point 2.4 - I can provide you with some recommendations for CPAs who are based in Ohio.
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31 December 2024 | 4 replies
Or buy a thermal camera to check for heat losses, they have gotten really cheap.
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26 December 2024 | 18 replies
What started as a promising BRRRR ended with us making the tough decision to sell at a loss after an unexpected disaster.The Numbers:Sold for: +$230KPurchase Price: $115KClosing Costs: $3KRehab Costs: $105K ($49K original rehab, $56K additional repairs due to the car crash)Holding Costs: $31K (12 months)Selling Costs: $16KInsurance Claim Recovery: +$25KNet Income: - $16KWhat Happened:This was supposed to be a BRRRR.