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29 January 2025 | 11 replies
Enough immediate cashflow to balance out the mortgage, taxes and insurance.
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6 February 2025 | 7 replies
Make sure you talk with your insurance company on what you would need to faciliate these types of amenities in your rental.
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30 January 2025 | 4 replies
and trailer stolen, workshop robbed 3 times, business bank account hacked and Not Insured (w a bank name like C#@$e), hip replacement, Botched oral surgery for sinus cyst 3 times, So Far, that caused an infection that kept me from working most of 2024 and just now recovering.SO Fire Sale February for me But I’m too broke to finish a punchlist to keep rental certificate open on top of living expenses and cover unexpected bills.Seeking micro bridge loan in the $5-10k range to be repaid at sale of house.I have another small single family paid off and rents for $950 as well.Any advice or suggestions for resources Greatly Appreciated
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28 January 2025 | 10 replies
I can see this industry moves at the speed of light and it's a bit overwhelming... once I get my ish together I would like to connect.
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7 February 2025 | 2 replies
For me, this is just a few extra bucks I have to pay to the CPA industrial complex.
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17 February 2025 | 71 replies
I'm in the small Eugene market, which in terms of industry and jobs offers no real reason to be here.
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5 February 2025 | 5 replies
So your super basic P&L may look like: $30,000 Rents-$3,000 insurance expense -$9,000 interest-$3,000 taxes-$8,000 operating expenses-$14,000 depreciation ----------------$7,000 loss on paper for the year so negative taxable income But remember- $14k of that (depreciation) was something we didn't actually spend money on- so cash in bank at year end would be $7,000.
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3 February 2025 | 26 replies
Is your DSCR ratio greater than 1-meaning are you cash flowing (according to the lender's criteria of mortgage, property taxes and insurance (and HOA) if applicable).
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14 February 2025 | 43 replies
that will tell a lot.. the mastermind i went to you had to prove how many deals you were doing they checked you out and you had to be invited... and there definitely was some of the top players in the industry there and quite a few that we know on BP as top providers in their space be it turn key financing and wholesaling and also those that sell coaching.. ( which most on BP dont care for frankly)
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19 February 2025 | 27 replies
I have no doubt he can teach people how to do Burrrs and flips that are very profitable but of such low quality that it puts a stain on the industry.