Eli Jerman
Taxes for 2024 - First rental property purchases in August 2024
31 January 2025 | 11 replies
It's simple but not always easy.
Marembo Alexandre
New member introduction
21 January 2025 | 13 replies
You can usually find some events by doing a simple google search.
Tyler Davis
QuickBooks Plan for Managing Rental Properties
7 January 2025 | 3 replies
You can always start with the Simple Start subscription and upgrade if you find that it isn’t meeting your needs.
David W.
Should I Build My Own ADU - Multi Unit?
27 January 2025 | 6 replies
You'll need to do a lot of learning on the order of operations.
Christina Galdieri
Seeking Advice: Combining Business Needs with a New Property Idea
24 January 2025 | 5 replies
While I have managers handling the daily operations, I still oversee everything remotely.
Pamela Rivas
Can foreigners buy Real Estate in Mexico? Legal process explained!
23 January 2025 | 5 replies
Only a few simple documents are required, including a valid passport, birth certificate, and proof of address.
Kristen Swan
Asking Tenants for further information after being approved. ( I'm the Tenant )
20 January 2025 | 1 reply
She also mentioned that they’ve been in real estate since 2006 and have managed over 30 properties (though this is more of a side business for them), which suggests a mom-and-pop operation.
Joseph Beilke
Costa Rica Info
11 January 2025 | 11 replies
Here are the numbers:IncomeTotalPartner ContributionsManaging Partners Debt$0.00Partners Deposits$987,459.99Total Contributions$987,459.99Operating IncomeAirbnb Income$50,186.50Square Income (Vehicles or add-ons)$6,741.04Total Operating Income$56,927.54Total Income$1,044,387.53ExpensesPurchase of propertyCost of House-680,000.00Closing Costs-$26,744.44Total Cost of Purchase-706,744.44Set Up ExpensesHouse Improvements & Care taker home addition-116017.03Adding Tiny House-52130.83Furnishings-68403.65Vehicles-43150Set Up Costs and Advertising-2339.53Total Cost of Set Up-282,041.04Operating expensesCare Takers-14535.9Additional Cleaners-1505Cleaning Supplies-2670House Supplies-1340Landscaping-4230.66Utilities (Power & Water)-8204Internet-315Pest control/fumigacion -120Pool cleaning/maintenance-2220Vehicle Gas-552.3Vehicle Maintenance and Repairs-6625.01Welcome Food for Guests-115Property Repairs-4999.64Bank Fees-1208.06Accounting Fees-1085Insurance-955.74Other Expenses-1071.2Total Operating Costs -$51,752.51Total Expenses-$1,040,537.99Net Income$3,849.54Net Operating Income$5,175.03Now 5k for an investment of 970k is not a good investment.
Melissa Sejour
How do you research the best areas to invest in?
29 January 2025 | 11 replies
lots can go into this somewhat simple question and most of it is personal preference.- you'll want to define "best", and what that looks like for you as a success.- How much money do you have to spend?
Desiree Board
Advice for a new long term rental investor
23 January 2025 | 26 replies
Just make sure to vet them carefully.Overall, my advice is to keep things simple for your first deal.