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26 January 2025 | 32 replies
Best experience is hand on training, and not some workshop making you go back to pay for free information online.
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12 January 2025 | 6 replies
To Sum it up, its a good idea if you can exceed the cost of capital (higher rate than your cost of debt) with what you earn on your heloc/debt you pull out and invest.The question is how much gains above is enough to substantiate the risk of your variable interest rate, well thats up to your personal investing criteria.
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14 January 2025 | 5 replies
Additionally, your brother would inherit your cost basis in the property, which could result in significant capital gains tax if he sells the property later.
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31 December 2024 | 0 replies
These methods include: Detailed Engineering Cost ApproachDetailed Engineering Cost Estimate ApproachSurvey or Letter ApproachResidual Estimation ApproachSampling or Modeling ApproachExperience or “Rule of Thumb” ApproachIt’s important to understand the differences between the approaches including which one best fits your property and the reliability of each approach.DETAILED ENGINEERING COST APPROACHThis approach compiles the costs from construction and accounting reports to build a report.
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14 January 2025 | 329 replies
Why pay rent when your landlord gives you free housing, free maintenance team, free mortgage, free electricity, free water, free trash?
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3 February 2025 | 4 replies
If you're open to sharing your knowledge or having a conversation, I would greatly appreciate your support.Please feel free to reach out—I look forward to connecting with you!
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27 January 2025 | 11 replies
He even chatted with me through this forum (Bigger Pockets) and was very encouraging that you can even do it just with free stuff out there.
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20 January 2025 | 14 replies
Quote from @Erick Pena: A "good" rental property is one that covers all expenses (mortgage, taxes, insurance, maintenance, property management fees, and any other costs) and still leave a surplus (commonly referred to as cash flow).Calculate cash flow as: Cash Flow = Rental Income − Operating Expenses − DebtThere's much more to it, but that's the basic idea.
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24 January 2025 | 36 replies
Avantstay's services cost money because they provide value.
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27 January 2025 | 12 replies
Can try to reposition to Class B, but neighborhood may impede these efforts.Vacancy Est: Historically 10%, but 15-20% should be used to also cover tenant nonpayment, eviction costs & damages.Tenant Pool: majority will have FICO scores of 560-620 (approaching 22% probability of default), many blemishes, but should have no evictions in last 2 years.