Jonathan Baptiste
What I learned after 1 year of house hacking
17 January 2025 | 11 replies
I hope things continue to improve for you.
Angie Ruiz
BRRR Project in Calumet Park
29 December 2024 | 0 replies
Refinance after project, cashed out and continue to receive positive cash flow.
Luis Marin
Sell or Rent How do we identify what is best for us?
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
Seth Williams
Alternatives to regular long term rentals, Sober Living or Group Homes?
29 December 2024 | 3 replies
Does anybody have experience with sober living, or group home operators renting your home?
Rachel H.
Unresponsive Tenants - Help!
4 January 2025 | 4 replies
I believe they will continue to respond to all notices where they are required to do so.
Daniel Reed
Strategies for Transitioning to Multifamily Properties with Positive Cash Flow?
25 December 2024 | 11 replies
If one or more units are vacant, the remaining units often don’t provide enough cash flow to cover expenses, making it harder to meet operating costs.Maintenance costs: A fourplex comes with four times the appliances, plumbing, HVAC systems, and other components to maintain, leading to significantly higher repair and maintenance expenses than single-family homes.If you want to see the detailed calculation, read this BP blog - More Units Doesn’t Mean More Money—Why a Single-Family Home Can Beat a Fourplex.Resale value: Multi-family properties have a limited buyer pool—mainly investors—who base their offers on CAP rates.
Abhijit Roy choudhury
FINCEN requires Beneficial Ownership Information filing JANUARY 1, 2025
27 December 2024 | 4 replies
Seems like a very strict penalty if this is not followed through.The CTA provides that willfully reporting or attempting to report false or fraudulent beneficial ownership, or willfully failing to report or make updates to the reported data shall be punished with a civil penalty of up to $500/day while the violation continues (up to $10,000) and a criminal penalty of up to two years in prison.
Christi Wolverton
Credit card payments declined
16 January 2025 | 6 replies
The past 3 people who did that have either continued to be demanding or have had their contracts "canceled" and I have to work to get the money in the long run.
David Shaun
Hit $200K in Cash Flow in 2024
16 January 2025 | 38 replies
My wife intends to continue working so that helps for sure.
Felisha Derrick
Beginner situation/Hubris/What would you do?
6 January 2025 | 9 replies
I’d like to continue with real estate investing despite its challenges.