Timothy Frazier
Hard Money Loan
17 January 2025 | 15 replies
Usually turnkey operators suck the equity out of a deal and sell at or above market so there goes the equity.
Adam Hardy
Putting rental under LLC
15 January 2025 | 1 reply
Why not take his name off the LLC and put it in your name now while the LLC has $0 of value (or whatever nominal amount your articles of organization or operating agreement say that you contributed)?
Dan R.
New Text Restrictions
13 January 2025 | 2 replies
Hi, we are a small operator with 14 doors and Grasshopper told us we can't send texts anymore because we don't have a website.
Jason Malabute
HAVE YOU INVESTED WITH BAM CAPITAL?
3 January 2025 | 42 replies
As for one of my other operators, I am invested into REM in 3 different deals.
Jeremy H Barton
How Do You Create Your Partnership?
14 January 2025 | 2 replies
Don't operate under the, "we get along and can figure it out" mindset.
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.
William Nast
The big dream: Aspirations of a young man.
10 January 2025 | 6 replies
I have always dreamed of owning and operating multifamily rental properties ever since I was a little kid.My mom has been in realestate ever since I could remember, everything from being a realtor, fix and flips, buy and holds, and long term rentals.
Raven Ye Mahar
Nashville STR Required Business Licenses and Taxes
17 January 2025 | 4 replies
Hi, Just bought a unit via LLC in Nashville area, specifically in Berry Hill to operate as STR.
Scott Stamps
BetterLife Tribe program - Brandon Turner - looking for reviews and feedback
20 January 2025 | 8 replies
Or become an operator like ODC and make money raising capital for your deals ..
Ryan Daulton
Benefits of self-directed IRAs
14 January 2025 | 18 replies
How about using SDIRAs not to hold assets but to operate businesses?