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23 April 2024 | 11 replies
I’ve seen many people get creative offering many projects like car washes, propane, u haul rentals, food, etc.
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25 April 2024 | 209 replies
This coud it be completed with machine learning yes, but it is the sales agents that push data toward the platform.
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25 April 2024 | 93 replies
If you have a back to back turn around, how can you do in house laundry with 2 - 4 loads of wash and dry and fold in the 4 hours between check ins.
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24 April 2024 | 25 replies
If so, what are some good inexpensive arcade machines and/or game tables the renters like?
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23 April 2024 | 28 replies
If you can rent them, then they are a huge money maker.I don't recall what we paid for it, but let's say $10,000 and I use it 75% for biz.So depreciation is $7500 (assume 30% tax bracket, tax reduction $2625) That is a cash inThen rental say about 75 days @ $250/day = $18750Less costs (gas, repairs, service, insurance etc, which will also be a deduction from revenues) = $5,000So Yr1 you are at $16,375 and your machine is all paid for and then some.I don't have a garage so it is parked on the side of the property.
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22 April 2024 | 2 replies
I think the rule was more meant for manufacturing/machine shops given a few of the examples in the regulation.
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21 April 2024 | 7 replies
Maybe keep an ozone machine running?
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21 April 2024 | 17 replies
Exterior upkeep is essentialHave enough machines for laundry timeslots to not matter, but great idea!
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21 April 2024 | 11 replies
I've sold properties to investors who hold portfolios and for lack of better word the properties are all trash and then I've dealt with some who have a well-oiled machine.
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22 April 2024 | 39 replies
That may sound pretty good...until you discover that their net worth is decreasing at a rate of $2 million per year, and they've got $100 mil of adjustable rate debt on a portfolio of D class properties that forces them to work 80+ hours per week just to keep the whole thing afloat...Investor B tells you "my net worth is $1 mil" --to many successful investors, that sounds like a relatively insignificant net worth...but, investor B owns a portfolio of A class properties with zero debt, professionally managed, their cashflow is $500k per year, their net worth is increasing at a rate of $1 mil per year, and they only have to work about 1-2 hours per week to keep their machine going.Personally, I'd MUCH rather be investor B than investor A, even though investor A's net worth is 10x of investor B's.So yeah, tracking net worth is advisable, but it's only a small part of what an investor should be tracking and modeling, and net worth alone might not be very indicative of an investor's success.