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15 December 2024 | 13 replies
$15k co-host, $6k insurance, $34.8k P&i (7%, 30 year DSCR), $5.5 prop tax, $12.7k utilities (mostly propane & elec), $7k maintenance/cap ex (3100’ with class A finishes), cleaning $24k (8 turns/month), then the small items.
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17 December 2024 | 22 replies
Don't get me wrong TK is good to start but for people with 100k+ it is not a scaleable asset class.
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19 December 2024 | 55 replies
This may turn into a class action suit, but I think it's better to even be first to the punch before that.My recommendation is that you be first in line to hire an attorney to attempt to get part of your funds back.
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30 December 2024 | 89 replies
(I even happened to find great resources such as Josh Bianchi that posted some of his mastermind classes for free on youtube because of your recommendations) @Dave Stokley for the amazing blunt feedback that had me think of my approach in another format which greatly helped me talk to people for leads.
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19 December 2024 | 8 replies
One thing I think I would do is either hire a professional market research company and/or get a local high school or college marketing class to do market research and surveys to see if there is interest and demand.
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19 December 2024 | 13 replies
That is sort of the social studies class answer.
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17 December 2024 | 12 replies
Keep an eye on the STR regulations, and as you progress, consider diversifying your portfolio with other asset classes like commercial or single-family rentals for added stability.
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11 December 2024 | 2 replies
Some examples of properties with high asset reclassification include medical clinics and hospitals with technical machinery and labs, grocery stores with machinery, shopping centers with rainwater drainage systems and large parking areas, industrial manufacturing facilities with advanced equipment, apartment buildings in suburban areas with swimming pools, golf courses, tennis courts and large parking areas for tenants.Here’s a list of the average amount of assets that can be reclassified into shorter asset life classes based upon the type of property.
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11 December 2024 | 4 replies
We have taken a few real estate classes and read countless books to grow our financial knowledge.
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13 December 2024 | 5 replies
@Spencer ManningYour other questions were answered except for last one.S8 vouchers are for a specific number of bedrooms and rent amounts.So, a S8 tenant must find a property with rent that does not exceed their voucher amount.This stops S8 tenants from renting Class A properties and most Class B.Currently, Fair Housing does NOT protect source of income, so unless a state or local government has passed a law stating otherwise, landlords do NOT have to accept S8 vouchers.