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25 July 2024 | 10 replies
.- Would you sell for a gross profit of $300K or keep it, with a cash flow of about $1,500 a month?
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24 July 2024 | 11 replies
There are other solutions out there and I'd like to emphasize that people shouldn't jump to paying for a bookkeeping service that might cost 3% or more of their gross revenue.There is Quicken for business and Waves accounting, and likely many other software programs.
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24 July 2024 | 38 replies
That said, I also pay an annual "seat" license to my PM in addition to the 10% of gross rents.
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24 July 2024 | 14 replies
.- Cash flow: Gross earnings are quite high and more importantly, home values continue to rise year over year.
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23 July 2024 | 4 replies
You see what gross income you made vs expenses.
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24 July 2024 | 30 replies
I recently picked up a 7 unit, all in 225k, with about 50k gross n about 38k net income, not too shabby.
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24 July 2024 | 7 replies
Turnkey providers typically charge a percentage of gross rents plus a markup on maintenance calls.
22 July 2024 | 13 replies
Hi @Ryan Nelson ,You If your house is listed for $100k and the agent wants you to pay their commission for bringing the buyer, counter their offer with either:Rise the price to offset the cost of commissionsYou agree to the agent's offer and you pay the commissionYou don't sell to themHow valuable is it to you to sell quickly for higher (gross) dollar compared to waiting for a different buyer willing to pay their realtor commission?
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23 July 2024 | 2 replies
California charges a minimum tax of $800 a year per LLC, and more if you have gross receipts in excess of $250k.
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23 July 2024 | 5 replies
The way I've valued multifamily properties is to calculate the Net Operating Income (Gross Income - Expenses) and then divide by desired cap rate.