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12 February 2025 | 27 replies
While there are certainly opportunities for finding trades and deals in these areas, they’re often pursued by local, mom-and-pop operations.
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13 February 2025 | 123 replies
There needs to be someone similar to Always Marco on Youtube with the MLMs where you have someone exposing gurus who sell ******** courses.If you want to legitimately learn wholesaling, stop wasting money on ******** courses, and pay for such things as hiring an attorney to properly set up contracts, hire people to do inspections and appraisals, and hire CPAs to make sure that your business operates properly.
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19 January 2025 | 11 replies
But the "art" really only comes with time in market and a deep understanding of both the market and the operations of assets.
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26 January 2025 | 21 replies
Most PMs concentrate on marketing, and at least somewhat neglect operations.
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16 January 2025 | 7 replies
Does anyone have any advice on effectively setting up temporary battery-operated cameras on a long-term rental property to deter break-ins and squatters while rent-ready repairs are being made before a tenant moves in?
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26 January 2025 | 19 replies
It could be a game-changer for streamlining your operations.
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21 January 2025 | 14 replies
So, WHY screw with a successful system that your able to operate without undue stress?
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11 January 2025 | 11 replies
Here are the numbers:IncomeTotalPartner ContributionsManaging Partners Debt$0.00Partners Deposits$987,459.99Total Contributions$987,459.99Operating IncomeAirbnb Income$50,186.50Square Income (Vehicles or add-ons)$6,741.04Total Operating Income$56,927.54Total Income$1,044,387.53ExpensesPurchase of propertyCost of House-680,000.00Closing Costs-$26,744.44Total Cost of Purchase-706,744.44Set Up ExpensesHouse Improvements & Care taker home addition-116017.03Adding Tiny House-52130.83Furnishings-68403.65Vehicles-43150Set Up Costs and Advertising-2339.53Total Cost of Set Up-282,041.04Operating expensesCare Takers-14535.9Additional Cleaners-1505Cleaning Supplies-2670House Supplies-1340Landscaping-4230.66Utilities (Power & Water)-8204Internet-315Pest control/fumigacion -120Pool cleaning/maintenance-2220Vehicle Gas-552.3Vehicle Maintenance and Repairs-6625.01Welcome Food for Guests-115Property Repairs-4999.64Bank Fees-1208.06Accounting Fees-1085Insurance-955.74Other Expenses-1071.2Total Operating Costs -$51,752.51Total Expenses-$1,040,537.99Net Income$3,849.54Net Operating Income$5,175.03Now 5k for an investment of 970k is not a good investment.
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18 February 2025 | 16 replies
After getting the operators and the deal it is pretty passive.
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14 January 2025 | 5 replies
Deduct mortgage interest, property taxes, travel, and operational expenses.