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18 February 2025 | 25 replies
I don't recommend throwing the baby out with the bath water, and definitely make sure you understand the nature of the Mentor you choose.BP is a great resource to meet some amazing people.
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22 February 2025 | 14 replies
How is water, sewer, electric and hvac distributed and located?
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1 February 2025 | 7 replies
If you have a swimming pool check out the water pump system with aerial hoses.
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10 February 2025 | 11 replies
Taxes are half the cost compared to CA and insurance is lower if not by the water.
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31 January 2025 | 8 replies
There's no way I can keep the house above water with that rent let alone consider any positive cash flow...so I need them out!
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22 January 2025 | 9 replies
I used to live in the city and the taxes and water bills are nightmares.
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12 January 2025 | 4 replies
Glazing in walls, enclosures or fences containing or facing hot tubs, spas, whirlpools, saunas, steam rooms, bathtubs, showers and indoor or outdoor swimming pools where the bottom exposed edge of the glazing is less than 60 inches (1524 mm) measured vertically above any standing or walking surface shall be considered to be a hazardous location.
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21 January 2025 | 13 replies
Are you interested in S8 because of a personal reason or you think it's the next "hot" investment idea?
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27 January 2025 | 7 replies
Quote from @Jeffrey Bourque: Hello All, I am new and this is my first attempt at purchasing a property with the intent to create monthly cash flow.The property: Triplex Listed at $140,000 - Total monthly rent income $2,150 - Tenants want to stay and are all willing to sign new leases for 3 years - 8 beds 5 baths and 3,500sqft livable space on a 4,800sqft lot - Heat and electric paid by tenants and water trash paid by owner $180 month - I have managed to talk the selling price down to $105,000 with a kick of $10,000 for closing and commissions so $115,000 all in - Building is in fairly good shape according to pictures and questions but have not done a inspection yet - some general maintenance repairs are needed according to the seller but nothing that seems to bother the tenants. - Taxes are on the higher side at $6,000 yearMy Numbers: $115,000 putting 20% of my money $23,000 and finance the rest with total expense of $1,834Monthly expense numbers: Future Maintenance 13% $273 - Vacancy 5% $105 - Property Insurance 5% $105 - Property Taxes 23% $500 - Property management 10% $215 - Office/Travel/Legal 4% $84 - Mortgage 26% $552 - Monthly Cash Flow - $316 per month or $3,792 per year so Cash on Cash = 17%I think this looks like it is a deal worth doing and I also believe I can bump the total rent up by $50 each tenant which I think make it even better.
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22 January 2025 | 22 replies
For Enclave, it seems that if we manage and post on Airbnb, our guests cannot use the water park/amenities.