Rene Hosman
How much time do you spend prepping for taxes?
14 January 2025 | 28 replies
I know of other softwares, like Baselane that handle income and expenses all in one place.
David Jesperson
Fix and Flip First Experience
17 January 2025 | 5 replies
Absolutely, the passive income from owning rentals is great but I also love getting into big projects and seeing the transformation from start to finish@David Jesperson What city/market are you looking to buy and what type of properties are you looking for, SF, 2-4 MF, or 5+ MF?
Patrick G.
Calculation about cash on cash return
9 January 2025 | 5 replies
It does not include the rent income, just the appreciation, it is about 11%.
Matt Huber
AstroBlaster - anybody use this?
20 January 2025 | 15 replies
While that kind of income is not a deterring factor, when I looked over the terms of service many big red flags came up.
Kyli Soto
First Rental Property
23 January 2025 | 0 replies
First tenant was on a fixed income as a retiree, so I was hesitant to increase the rent after the first lease period.
Shawn Tinerino
selling with seller financing
22 January 2025 | 2 replies
I would underwrite buyers based on stability of income, financial payment history & ability to pay.
Jesse Rodriguez
Miami Short Term Rental
7 January 2025 | 0 replies
Seller is the Agent.Seller bought property in January of 2023 for $730,000Current “As Is” Value : $770,000Target Acquisition Price: $730,000-$780,000 After Repaired Value: $900,000Repair Estimate: $120,000Initial Offer Amount: $715,000Loan Program: Bank Statement Program.Total Estimated Monthly Payments (Principal, Interest, Taxes, and Insurance) $5500/month (based on $770k purchase price)Estimated Gross Yearly Income from Short Term Rental: $160,000 (65% Occupancy, $700 a night| (STR Listing Comparable properties Listing 1 Listing 2 Listing 3)Net Monthly Income after management and taxes: $11,751.25Net Monthly Income after Mortgage Payments: $6251.25 ($75,015) Per YearTotal Cash Investment: $297,000 ($177,000 in down payment and closing costs and $120,000 in repairs)Average Yearly Return on Investment: 25% yearlyAverage increase in property value per year: 5%Average increase in booking revenue per year 7.5%Property Value average after 10 years: $1.5 millionTotal Cash received over 10 years: $1.3 million.Total Equity multiple min over 10 years: 6x total return on $297,000 invested.
Mary Jay
Cash flow is a myth? Property does not cash flow till its paid off?
23 January 2025 | 31 replies
I have always used cash flow to pay off properties and lived on W2 income and still do.
Anca R.
Is a 1031 Exchange allowed in this case, and if so, is it worth the hassle?
22 January 2025 | 22 replies
Depending on the loan amount for the new property, roughly a little over half of the gain could be deferred through the exchange.Without a 1031, they’ll face taxes on the entire gain, including federal capital gains tax (likely 15% based on their income), California state tax, and depreciation recapture, potentially totaling $130-150K.
Chris Magistrado
Digging Into the Justice Department’s Lawsuit Against Major Landlords
12 January 2025 | 8 replies
In 2022, half of American renters spent over 30% of their income on rent and utilities, the highest percentage ever recorded.