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23 January 2025 | 9 replies
I buy and hold and do short term rentals and mid term rentals.Located in Racine Wisconsin Hello Gabriel: I also live in Racine County there are some great deals our way and including southern milwaukee county too!
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28 January 2025 | 0 replies
A diversified portfolio can include both!
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1 February 2025 | 9 replies
How much do they charge and what's included?
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22 January 2025 | 25 replies
One approach that I have not seen included in the discussion is as you are still in the planning phase, you could change your approach and the facts to make it more favorable for your strategy.
21 January 2025 | 4 replies
If not, I have included an article below that sheds light.
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28 January 2025 | 12 replies
If you are looking to just calculate profitability, set how much profit you want to make then:ARV - Purchase Costs - Holding Costs - Selling Costs - Desired Profit - Rehab Budget (including contingency) = Maximum Allowable OfferIF you cannot calculate those numbers, a spreadsheet isn't going to help you.
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16 January 2025 | 6 replies
Assume break even cash flow while rented which includes a generous $600/mo repair fund.
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27 January 2025 | 6 replies
However, if you sell instead of rebuilding, the IRS may include part of the payout in your taxable gain unless reinvested under the §1033 involuntary conversion rules, which allow you to defer taxes by purchasing a similar property within two years.If the property was your primary residence, you may exclude up to $250K (single) or $500K (married) of gains if you lived there for at least 2 of the last 5 years, likely resulting in no taxes owed.
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15 January 2025 | 7 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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25 January 2025 | 26 replies
It should include the following First and last nameEmail addressPhone numbersocial media handlesNotesIn your notes section you will want to write in things like what the potential client is interested in, first and last time you corresponded with them and how you met them.