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26 December 2024 | 5 replies
Common fees will include a set-up fee, a leasing fee for each turnover or a lease renewal fee, marking up maintenance, retaining late fees, and more.
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19 January 2025 | 61 replies
@Kyle Atans for me for the younger investors or starter investors is at least use that 100 or 200 a month positive to paydown debt at an accelerated rate it will save them a ton in the long run and if they can get them paid off in 10 to 15 years that's a good thing.. its not like saving 1200 a year is going to materially affect their ability to buy unit number two and if its that tight not sure owning rentals is that great of investment anyway.
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8 January 2025 | 29 replies
The appraised equity rarely materializes on a sale in these markets but the appraisals offer false impressions of the "asset" that was acquired.
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27 December 2024 | 4 replies
Great initial screening material.
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30 December 2024 | 5 replies
I don't think anything anyone offers is "evidence" in court because you would be backing up your claims with documentation such as the lease, or quotes for work or material prices.
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30 December 2024 | 4 replies
Some of the costs quoted shock even seasoned flippers as they are lower than even material are in many markets.
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9 January 2025 | 21 replies
Yes, you personally aren't living there, but with high crime comes unqualified tenants and high maintenance costs (stolen materials, broken windows, etc.).
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3 January 2025 | 40 replies
The effect of this process is that the portfolio is constantly improving by retaining the best properties and jetison the under performers.I've bought and sold over 1,000 properties, and people always ask me "How many doors?"
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7 January 2025 | 22 replies
Real material cash flow is basically 50% of your net income.Cash flow is a metric that requires a debt ratio.
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11 January 2025 | 67 replies
Retain a cash reserve to cover vacancies or downturns, and align with your long-term goals by consulting a financial advisor.