Sarah Larbi
Costa Rica
11 January 2025 | 49 replies
H there, I'm a certified international property specialist and while i don't personally specialize n Costa Rica, have several colleagues who do.
Andrew Grimmett
Capital Gains from the person selling to me
23 December 2024 | 5 replies
Hello all! :)Someone I reached out to on an off market deal told me that they couldn't sell because they bought the property as a rental in the 70s and didn't want to pay the capital gains. I'm curious if this has com...
Robert Bell
Blue Oval City's Delay May Open New Opportunities
26 December 2024 | 3 replies
How Ford’s BlueOval City Project Impacts Real Estate: A Setback and Opportunity for InvestorsFord’s massive BlueOval City project, a planned $5.6 billion electric vehicle (EV) manufacturing campus in Stanton, Tennessee, is a game-changer for the region.
Zach Howard
New, hungry, eager to start while also patient. Large risk appetite.
10 January 2025 | 17 replies
It sounds like you've done a great job in investing in yourself and taking personal risks.
Aidan Williams
Cleaner Making More than Property Manager
28 December 2024 | 12 replies
Just remember that $70 is the gross number they charge , they have to buy supplies , insurance , tools , vehicle , gas , workmans comp etc .
Michael Plaks
DEBUNKED: EOY tax planning "tips and loopholes"
23 December 2024 | 12 replies
It's not just any kind of car, and even if you buy the "right" vehicle, it has to be used 100% for business, which is rare.
Eyal Goren
Is Subto legal?
14 January 2025 | 23 replies
All it ends up being is one person saying "Is not!"
Katie Miller
If you use a CPA or Tax Professional, how did you find him or her?
17 January 2025 | 117 replies
It should be from someone who uses that person.
Jun Lee
Pro/cons of investing in real estate funds via Solo 401k
18 December 2024 | 3 replies
@Jun Lee Solo 401k is a great vehicle for investing!
Joseph Beilke
Costa Rica Info
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.