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3 February 2025 | 56 replies
Good luck Total Rents Collected: $23,025/mo Debt Service: $12,358/mo (sad for me. 8% interest rates lol) Property Management 10%: $2,303/moReserves (Vacancy 5%, Maintenance 10%): $3,454/moPhantom Cash Flow: $8,365/moTrue Cash Flow: $4,911/mo (Money I can legit burn) bob as you probably know I owned a few hundred of these types of homes from DetroitCleveland to Jackson ms Birmingham balt city etc etc.
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19 February 2025 | 26 replies
It is a matter of getting out of your comfort zone a little bit but not so much that you will burn out or lose sleep.
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3 February 2025 | 4 replies
We talked about an aggressive paydown at a rate of $5k for the next 6 months to make the deal sweeter for the next person, but renting it would be preferable to that I believe since I can get a higher return on smaller development projects at a burn rate like that.
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31 January 2025 | 4 replies
It's not good to burn bridges in this business, and we agents do a lot of free work that we never get paid for.
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4 February 2025 | 2 replies
HOLD & REFI - The improved cashflow (I have one lender saying he could get me into a DSCR loan at 6.5% which would 3x my cashflow) is enticing, but I'm don't want to risk anything especially having been burned once and would prefer to be on the up and up.
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24 January 2025 | 10 replies
Trashy.I am also with @Lauren Kormylo on the wood burning fireplace.
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31 January 2025 | 2 replies
Prior to clean up make an inventory even if burned.
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23 January 2025 | 165 replies
No longer possible with the calorie deficit eating this damn rabbit food.
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27 February 2025 | 27 replies
in fact, that gets new investors burned all the time.
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16 February 2025 | 18 replies
With $110K, you’re in a good starting spot, but Florida flips can burn through that quick, so sometimes you gotta think a little different.