Mike Sfera
When to get a property manager
16 January 2025 | 26 replies
They should be found early on by talking to other investors or your investor friendly Realtor.It is through effective property management that your money is made besides buying well initially.
Brandon Morgan
is an LLC necessary?
16 January 2025 | 29 replies
For this protection to be effective, it’s crucial to keep your finances entirely separate from the LLC’s finances.
Ugo O.
Calculating ARV and the 70% rule
12 December 2024 | 7 replies
Just go through them, select the renovated/closely matching ones, and enter them into a model.Here's my fix & flip model, you can see the comps entered and some quick stats below them: Then I use that comp data to adjust the Sale Price in the model to what I estimate it will be (double check the resale $/sf is in-line with the comps), then adjust the purchase price until I hit my desired return level.
Thu Pham
Purchasing an existing Airbnb with future bookings
14 January 2025 | 25 replies
Airbnb came out with a new co-host option where you could get paid for your services to assist owners by selecting % of rents...maybe have him pay you 99.9%?
Samuel Coronado
Looking at another park
13 January 2025 | 8 replies
POHs inherently contribute to elevated expense ratios due to their operational demands, and this effect is magnified when the number of homes is limited, as fixed costs are distributed across fewer units.
Fed Finjap
Reflecting on my first year house hacking a 3-flat in Chicago
2 January 2025 | 11 replies
Tenant screening, especially here in Chicago, is one of the most important things you have to prioritize learning - learning it the hard way is the fastest, but not always the most cost-effective (I know from experience haha)If you still need a solid eviction attorney, please let me know!
Joseph Bushnell
Building a data center
16 December 2024 | 7 replies
Just find the tenant before you select the site/build the building because these companies have very specific requirements and they are not all the same.
Tj M.
Financing flips and GC partnership?
13 December 2024 | 4 replies
In some instances the select few who fall under this category will build for themselves and if they were to take up 3rd party work they would want upside.
Daniel Chen
Section 179 Question for rental business
4 January 2025 | 11 replies
Since you currently operate without an LLC and report rental income on Schedule E, the vehicle purchase might not seamlessly integrate into your existing tax structure.To leverage Section 179 deductions effectively, you may need to consider restructuring your rental property management operations.
Connor Heffler
Slow Flip Real Estate Investment
18 December 2024 | 25 replies
What makes it slow in this case is that you don't really start seeing real cash flow until after year five but it's more effective than rentals in that there is little to no maintenance.Sure you can live in a home while fixing it up with the intention of selling it for a nice profit later but I think many people are already doing that and the buyers of slow flips now also have that opportunity without having to qualify with a bank.