Noah Bacon
Harris and Trump's Housing Plans from Last Night's Debate
13 September 2024 | 61 replies
I explained that in the Great Depression there was these camp's of people without work, people needed to eat, and back then they were begging for work to get the $ to eat vs today when people just ask for the $.
Carmen Assang
Tenant asked me to pay her first month rent to move out
17 September 2024 | 38 replies
@Carmen Assang It'll come down to whether the cost of an eviction (both lost rent + attorney fees) outweighs the cost of eating 1 month of rent.
Dat Chung
How Many Rentals to Net $400,000/month
11 September 2024 | 20 replies
And seeing as it's an organization level with so much staffing we need HR, middle managers and organization managers.So now we are at a place that the staffing "suck" eat's up the revenue of a couple K doors, so we need more doors to make up for that, AND as we add doors we add more staffing requirements, which add's more "$-suck" so need more doors to get over that and it's a lovely feedback loop.......
Nazimuddin Basha
Strategies to Combat Negative Cash Flow Due to Property Tax and Insurance Increases
11 September 2024 | 9 replies
Hi Nazimuddin,It’s frustrating when rising property taxes and insurance eat into cash flow, but there are several strategies you can consider to help boost your profitability.
Jennifer Fernéz
Buying a property with bad tenants
10 September 2024 | 12 replies
might be somewhat basic but when we inherit a building we take it as a chance to literally go visit and speak to eat tenant.
Ashley Campbell
Does a newbie need a RE focused CPA up front?
9 September 2024 | 13 replies
It is hard to justify an expense that would eat up all of a majority of your cash-flow.An investor doesn't necessarily need 'any' professional but it really depends on your knowledge/amount of time you have.For example, technically, most people may not need a painter as the tools are available to them in Home Depot or most stores.
Jonathan Soto
Using HELOC to become a HML
7 September 2024 | 4 replies
These quickly eat up profits and adjust the risk profile of deals.
Sousie El
Brokerage 499$fee on the new brokerage agreement
7 September 2024 | 8 replies
Agent can't waive it, they can eat the cost but as an agent I would not.
Stepan Fedetskiy
Looking to get into section 8.
6 September 2024 | 4 replies
@Stepan Fedetskiy section 8 can be good option if you have a good PM who maintains the property in good shape all the time as per the needed standards. best part is govt pays a portion of the rents so you dont have to chase tenants, downside the upkeep of the unit will eat up appx 20%. so its little tricky..sounds good on paper but when you go through one you will get an idea. i had 4-5 section 8's , 3 of them had no issues, but 1 of them had lot of issues and ate up all the profits.