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14 February 2025 | 4 replies
And each stage has it's set of rules.
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7 February 2025 | 6 replies
I wouldn't rule out a duplex as we have far more duplex properties than quadplexes.
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21 February 2025 | 12 replies
As a general rule, each entity that files a separate tax return (partnership, s-corp, c-corp, etc) will need its own QBO subscription.
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29 January 2025 | 3 replies
If you want to connect buyers and sellers together get a license.New York has the most stringent rules for real estate.
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17 January 2025 | 11 replies
But having those rules on paper was like carrying a big stick—great to wield when needed but mostly a deterrent.
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27 January 2025 | 7 replies
. - 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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11 February 2025 | 11 replies
The tenant must pay the full amount owed to avoid eviction, even if the judge ruled in favor of the landlord.").
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1 February 2025 | 13 replies
It's like the 70% rule, you can use it to narrow down 100 deals to 30 deals to dive deeper, but you need to know estimates per house..
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17 February 2025 | 5 replies
QBO with class tracking if someone has more than 1 rental is $50/monthBookkeeping will be at a minimum $200-300 a month.
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17 February 2025 | 7 replies
I was in contract to buy 100 houses from one builder who was selling for 250k in 06 my contract price 125k each.. thankfully I did not close as within 12 months these were trading as I said in the 50 to 60k range..