13 August 2024 | 7 replies
Location: Central CaliforniaI also have an online store that brings in 150-200k NET per year and that’s what we live on and use to build a savings.
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17 August 2024 | 56 replies
For example, I can get up-to-date pictures of a property (with time stamp on it) for as low as 10$ in 24 hours, most of the time it is more expensive to grab your car and go there in person if you also count your time invested. there is a great book called "long-distance real estate investing" by David Green (you can find it in BP book store or on Amazon) which goes over a lot of those services and find solutions to long distancing investing.
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13 August 2024 | 13 replies
A couple of dollars at the dollar store for a cheapy milky white curtain prevents this.
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15 August 2024 | 29 replies
@Mauricio Duarte I don't recommend using Expense screen to view all your expenses since that may not capture all transactions, ie. refund from store processed as deposit or journal entry.
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15 August 2024 | 34 replies
The local hardware stores and big box stores sell materials, they hire local workers.
13 August 2024 | 3 replies
How they've been in the property for 2 months storing their dogs there with no rehab movement, while putting sweat equity into it, but haven't addressed the foundation or any rehab issues yet.
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13 August 2024 | 3 replies
Stores, schools, all such developments are based on rooftop density in an area.
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14 August 2024 | 12 replies
However, I use a local used appliance store and can have another appliance swapped in for the broken one within 1-3 days for $300.
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12 August 2024 | 8 replies
But I have been looking into splitting the duplex into two condos (yes I know it is a lot of work) and I could probably get 325-350k for each, netting me 650-700k.Number:* Mortgage interest 2.5%* Mortgage principle 240k* PITI $2100/month* Rent 2200/month (current tenant on a two year lease)* Potential rent on my side $2400/month * 100k HELOC at 11% (fixed) (not currently being used)* est additional cost to split the dueplex 75-100k (conservative, probably less) *new siding 30k (just put on a new roof this year) *legal 10-15k *fire proofing 15k * 15-40k for stuff I am not aware of or underestimated on* some of the appreciation is external from the home *big grocery store put in 3min away * newly paved road in front of my house *a building that was falling down across the street has been torn down * Still a vacant lot with the foundation exposed and fencing around it (so more local improvements are on the way)Part of me wants to take the money and run but man I love that 2.5% interest rate and the $2000/month cash flow (including taxes and capx)I have thought about 1031 exchanging into more rentals, but I would like to pivot into storage units.
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12 August 2024 | 1 reply
- you can furnish fairly cheap (offer up, CL, buy nothing …, thrift or consignment stores, etc) but it take more effort and more calendar time.