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31 December 2024 | 17 replies
Quote from @Elisabeth Lernhardt: Today I found out, that some of the utilities were not in the tenants name!
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2 January 2025 | 2 replies
ALTA survey, utility survey, etc.$100k per building, I'd say not usually.
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6 January 2025 | 8 replies
The down side is that STRs are more work, need to furnish it, pay for utilities and WiFI but in the right market (vacationers and business travelers) it could work. - If I were looking at cash flow as a really important important metric, I'd consider starting a business.
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4 January 2025 | 5 replies
I purchased a home 2.5 years ago utilizing the New York First Homebuyers Club which gives you approximately 8k in grants if you meet certain criteria, which I did.
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3 January 2025 | 5 replies
Since I was only filing on major things like underground utilities, fires, etc.
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3 January 2025 | 7 replies
You're on a great track - best of luck and definitely utilize BP as much as possible!
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5 January 2025 | 7 replies
I would count on having at least half market rate tenants, in the event Section 8 rents are higher than market, which they are in our market (granted you will need to subtract the utilities from the rent).
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4 January 2025 | 5 replies
. ==== Projected Income ====**Off Season**-$4,000/Month Rent Period: September - May (7 Months) Projected Income: $28,000**Summer 1**-$8,000/Week Rent Period: June (4 Weeks)Projected Income: $32,000**Summer 2**-$8,500/WeekRent Period: July-September (12 Weeks) Projected Income: $102,000**Optional** (Basement Apartment)-$2,000/Month -Rent Period: Year Round Projected Income: $24,000TOTAL PROJECTED INCOME: $186,000 ==== Operating Cost ====-Mortgage: $84,000 ($7,000/Month) -Utilities: $36,200Gas $6,000 ($500/Month) Electricity $6,000 ($500/Month) Internet $2,400 ($200/Month) Garbage $5,000 (Estimate) Pool $4,000 ($250/Week)Landscaping: $4,000 -Mowing: $2,400 ($150/Week) -Clean Ups: $1,600 (Spring & Fall)-Weekly Turnovers: $8,800 ($550/Week)==== Legal Cost ====Summer Rental Fee: $20,100 (15% of $134K)Sandwich Rental Tax: $6,855 (15% of $45,700) NET PROFFIT: $38,845.00
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25 January 2025 | 155 replies
I think you would have to join the course to know the other ways this Gator method could be utilized as he doesn't reveal everything in his YouTube videos.
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11 January 2025 | 420 replies
.)$10K out of my $30K line is only about 34% utilization maximum after I take each chunk.