Devin James
Do you prioritize equity growth or cash flow in your investments?
5 January 2025 | 18 replies
The real answer is:The younger you are, the more aggressive you should be with appreciation.The older you are, the more aggressive you should be with cash flow.
Aidan Williams
Cleaner Making More than Property Manager
28 December 2024 | 12 replies
Just remember that $70 is the gross number they charge , they have to buy supplies , insurance , tools , vehicle , gas , workmans comp etc .
Tyler Sweet
Cryptocurrency and Real Estate
16 January 2025 | 6 replies
I am aware some people are using crypto as a way to evade taxes, but that is very unwise given the aggressive stance the IRS is taking on this.
Kyle Carter
New company in area
9 January 2025 | 4 replies
Depending on the number of jobs and number of new development going on in the area it may just be simple supply and demand.
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.
Kemi Okosun
Introduction and New Member Alert
7 January 2025 | 11 replies
Once you feel you've built a strong team with your first property and have solid systems in place, I would then start buying more aggressively and taking on bigger projects.I suggest reading this BP article on the core 4.https://www.biggerpockets.com/blog/core-four-real-estate-team
Matt Weddon
Legally Rejecting Applications
2 January 2025 | 18 replies
This is a touchy subject.If you observed specific concerning behaviors during interactions, such as rudeness, aggression, or disrespect for property, these could potentially be valid reasons for rejection if documented properly.You should add one very important things to do on your checklist, past landlord references and it must be legit and find out why they aren't there any longer.
Penny Wilkinson
Looking to sell a duplex but having trouble determining value
16 January 2025 | 15 replies
It comes down to supply and demand.
Benjamin Carver
Short Term Rental & Mid Term Rental Strategies for Raleigh-Durham NC
13 January 2025 | 12 replies
Conservative, aggressive.