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18 February 2025 | 2 replies
Renting to Section 8 Long-Term TenantPurchase Price = $237,000Renovation Cost =$8,950Appraised Value = $310,000Monthly Rental To Section 8 Tenant = $3,215Monthly Mortgage Payment = $1,890Monthly Reserve for Maintenance and CapEx = $200Monthly Cash-flow = $1,125Another investment property was closed and added to my rental portfolio.
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19 February 2025 | 4 replies
Though I am unsure how I would amortize the up front remodeling costs for P&L, tax accounting.2) Interest only loans term loans - Would allow current owner to have cash flow on the property, without eroding the asset value.
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13 February 2025 | 8 replies
If not rented at fair market rent, this property will just count as your residence, not a rental for tax purposes.Structuring the property under an LLC or land trust could trigger a due-on-sale clause, so check with the lender before proceeding.To minimize risk, consult a CPA for tax strategy, weigh financing costs, and draft a legal rental agreement.
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18 February 2025 | 1 reply
I personally made these repairs at a total cost to me for $150.
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8 February 2025 | 9 replies
From there we identify properties that could have some potential and if you are interesting in diving deeper, 1) we do a thorough video walkthrough to give you a realistic look of the property, 2) we give a ballpark estimate of rehab costs (we do 40 a year with our GCs o we will get pretty close), 3) we talk through market rent with our property management team, ARV, and potential highest and best use.Ideally you find great investor agents who know their market really well and have a network of resources to provide you with enough confidence to take reasonable action.
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24 February 2025 | 30 replies
It is a way to get some kind of assurance that any guest damages will be covered.I would love to see how AirBNB would react if the whole house burned down due to a guest. 300-500k in rebuild costs.
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10 February 2025 | 1 reply
Cost was not as much a determining factor.
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18 February 2025 | 4 replies
People pay a lot of money for advertising, so here is your chance to gain valuable "real estate" for free (or for the cost of a sign).
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22 February 2025 | 4 replies
We did consider/evaluate that option, and have done multiple flips, but at those points have been under contract since New Year's Eve and carrying costs for another 2-3 months without a guaranteed sale is not the risk we want to assume.
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19 February 2025 | 2 replies
But the portfolio operations enabled both of those entities to use, in effect, government-related borrowing costs and sort of unlimited credit, to set up the biggest hedge fund in the world...So the portfolios are poison.