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23 December 2024 | 12 replies
No employees as we use a few subs for the labor.
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5 January 2025 | 13 replies
@Tove Fox - Residential Real Estate InvestingPros:Lower Entry Costs: Easier to get started with less capital required.High Demand: People always need homes, making demand relatively stable.Easier Financing: Mortgages are generally easier to secure with favorable terms.Simplicity: Easier to understand and manage, especially for beginners.Flexibility: You can use it as a personal residence or rent it out.Cons:Tenant Turnover: More frequent turnover leads to vacancy and more management.Lower Cash Flow: Income potential can be modest compared to commercial properties.Emotional Buyers: Residential prices can be influenced by emotions, leading to price volatility.Maintenance Burden: Landlords often deal with repairs and maintenance, which can be time-consuming.Commercial Real Estate InvestingPros:Higher Income Potential: Stronger cash flow and higher returns are common.Long-Term Leases: Tenants often sign longer leases (3-10 years), reducing vacancy risk.Professional Tenants: Business tenants tend to take better care of the property.Valuation Based on Income: Prices are based on the income the property generates, not market emotions.Shared Costs: Tenants often cover property expenses like taxes, insurance, and maintenance (via triple-net leases).Cons:High Entry Costs: Requires more capital or partnerships to get started.Complex Management: More expertise is needed; you may need a professional property manager.Economic Sensitivity: Commercial properties are more sensitive to economic conditions.Challenging Financing: Securing financing can be harder, with stricter terms and higher interest rates.Zoning and Legalities: More complex regulations compared to residential properties.Key Differences:Risk: Residential tends to be lower risk, while commercial offers higher rewards but with greater risk.Management: Residential is easier for DIY investors, while commercial properties usually require a team.Scalability: Commercial properties are easier to scale, offering more potential for significant cash flow increases.
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31 December 2024 | 11 replies
They based their loan on ALL of the properties, if you reduce their collateral value, you worsen the position that they did the underwriting on.
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31 December 2024 | 3 replies
By accelerating your depreciation schedules, you reduce your taxable income which in turn increases your operating cash flow.
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9 January 2025 | 28 replies
What was nominally a 52k down payment turned into close to 100k--12k in closing costs, 12k in extra payments, and about 25k in labor to help me get it ready when I realized I couldn't get it all done by myself working evenings in a reasonable amount of time (plus I knew I couldn't do the egress windows myself).
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9 January 2025 | 116 replies
I actually worked for a house flipper over the last year and I am pretty sure I made more then him as his laborer after 5 flips.
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28 December 2024 | 26 replies
Credibility Package - $7,800 reduced to $5,800 if you sign up right away. 2 to 3-month payment plans available.
31 December 2024 | 10 replies
Since your goal is lowering monthly payments for better cash flow, it might be worth focusing on reducing expenses elsewhere or exploring other investment strategies.
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28 December 2024 | 1 reply
Implementing water-saving initiatives is a smart way to reduce utility costs.
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30 December 2024 | 10 replies
Replacing one bad fixture between material and labor can end up being 3X the cost of buying the better quality fixture in the first place.