Jason Malabute
HAVE YOU INVESTED WITH BAM CAPITAL?
3 January 2025 | 42 replies
Im a bit put-off by the detail in their reporting however, They have only provided a consolidated summary at this point, and the other operators give far more detail.
Tiffany Alfaro
Preparing for Real Estate Investment: Savings, Expenses, and Side Work Opportunities
13 December 2024 | 7 replies
I consolidated it into a personal loan which is 12.78% over 24 months.
Jordan Northrup
Need an alternative to Stessa
11 December 2024 | 8 replies
Also check hoah.live, they consolidate all HOA's info into a dashboard.
Kadeem Kamal
When to 1031 small portfolio.
4 December 2024 | 8 replies
@Kadeem Kamal, consolidation from several smaller properties into one larger property is a classic 1031 strategy called a "consolidation exchange".
Satyajeet Dodia
Is my Entity Structure overkill ?
20 December 2024 | 28 replies
Consolidate your Texas Series LLC to own and manage your Texas LTRs and STR, eliminating the need for the Wyoming LLC and C-Corp unless specific anonymity or tax advantages justify their costs.
Luka Jozic
Experience of OOS investing in Cleveland after 1.5 years.
21 January 2025 | 101 replies
I would tap out and consolidate into better property(or properties) in other areas.
Mark S.
American Homeowner Preservation (AHP) Fund
19 January 2025 | 354 replies
.), or Entity account please review the following choices carefully: CHOICE #1: You can choose to join in our “consolidated” Illinois tax return.
Rene Hosman
How do you do bookkeeping and financial reporting for your rentals?
4 December 2024 | 30 replies
Yes, you can consolidate it into 1 report.Balance sheet- this will be built next year.
Drew Giltner
Help me analyze this deal
5 December 2024 | 4 replies
I run sum numbers for you please see comments below before refinancing and post refinancing .If I were in your position, I would approach it as follows:Initial Investment Assumptions: Market Value: $360,000 Purchase Price: $360,000 Equity: $0,000Financial Breakdown: Hard Money Loan (LTV 100%): $360,000 Interest Rate: 10% (30-Year Amortization) Monthly Payment: $1,995Upfront Costs: Origination fee (1%): $3,600 Closing Costs (3%): $10,800 Renovation Costs: $10,000 2 Month of Carrying Costs During Renovation: $5,390Total Upfront Required: $29,790Total Capital InvestmentPurchased price $360,000 Upfront Costs $29,790Total: $389,790To make this investment work, you need to rent the whole property for at least $3,165/month, refinance it let say after one year with 5% interest with a traditional mortgage.Year One Rent: Monthly Rent Income: $3,165 Monthly Rent Losses during renovations (2 Months): -$6,330 (-$527/month distributed over 12 months) Total Rent Income: $31,650 per year => $ 2,638 per monthMonthly Expenses: Hard Money Loan Payment (10% Interest): $1,995 / per month interest only Property Tax (Assuming $3,000/year): $250 per month Property Insurance (Assumption): $100 per month Utilities (Hydro, Gas, Water): $292 per month Assuming 0% Vacancy first year Assuming 0 % Repairs & Maintenance first year because unit has been recently renovated Total Monthly Expenses: $2,637Monthly Net Cash Flow: $1Post-Renovation Refinancing Strategy:So far, we’ve purchased the property, completed renovations, and rented it out.Next, you can approach the bank for a refinance to consolidate your initial investment of $29,790 plus your 360k debt into a mortgage.
Dustin Seager
Insurance for multiple properties?
2 December 2024 | 3 replies
I’m required to have liability insurance for my contractors license, and I’m wondering if there is an appropriate way to consolidate insurance.