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23 January 2025 | 9 replies
@Jim Stanley Keep in mind any expenses of your SDIRA asset must be paid for by the account that owns that asset.
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19 February 2025 | 3 replies
What formula is used when calculating price of property + property taxes + expenses and upkeep - what property will rent for = monthly cashflow?"
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11 February 2025 | 167 replies
May require some patience, but trust me, this stuff is not easy for some people to follow...
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13 February 2025 | 14 replies
This requires some effort and not just relying on a reference from someone or a quick glance at their fees.
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8 February 2025 | 5 replies
Electric heat can be very expensive in the winter so I would always encourage landlords to have tenants pay utilities so they have some incentive to conserve.
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13 February 2025 | 1 reply
Since you estimate a resale value of $200-215K and renovation costs of $60-70K (although you said that's on the higher end), your margin is tight, especially considering closing costs, realtor fees, and unexpected expenses.
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30 January 2025 | 10 replies
At one time, I told people to spend money on a skip trace so they could file the in personam QT lawsuit (the one where you can served lawsuit papers on all defendants) and avoid the expense of the in rem QT lawsuit (the one where you need a GAL).
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14 February 2025 | 19 replies
I do understand being selective on the type of buisness you take, but as an agent we still have a fiduciary duty to our clients to make sure they receive the level of service this price requires.
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14 February 2025 | 2 replies
This home has been highly operational with high rates of occupancy, bringing in anywhere from $500-$1500 a month in overage beyond our monthly expenses.
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10 February 2025 | 6 replies
Should I live in this house after and buy more property with the 100k or rent it out move and try to buy more property, the only problem is my area is so expensive a new mortgage would be more then what im paying now.