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11 December 2024 | 34 replies
Quote from @Issa Joseph: I DIDNT GET IT LOL for now my business plan doesn't support this purchase but an extra 10k per unit per year profit is significant growth in revenue But ask yourself - how much of this $10k increase (remember alleged) could you gain yourself by doing research and asking questions on this forum.......?
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5 January 2025 | 12 replies
A $12.5k mortgage is quite steep and ties up a lot of capital in a primary residence, while renting offers flexibility and allows more of your liquid assets to work toward generating wealth.
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21 December 2024 | 14 replies
As long as the property generates enough cash flow, you may qualify based on the asset alone.Another route is to explore portfolio loans from local banks or credit unions.
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23 December 2024 | 34 replies
I find it so much more valuable to calculate expected revenues and expenses associated with the property and go from there.
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11 December 2024 | 4 replies
@Jaren Woeppel I own a management company that focuses almost exclusively on the management side for revenue and has right at 700 doors under management.
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14 December 2024 | 13 replies
Can you generate a report in Buildium to download a CSV file to upload transactions to Stessa via the Stessa CSC uploader?
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19 December 2024 | 10 replies
Then use the extra roommate rent income to pay down your mortgage and look to refi to a lower payment in the future (3-5 years) - so it cashflow when you move out.You could also choose the smaller unit and STR the other unit to generate more cash to pay down your mortgage and refi, so it cashflows when you move out.Bottom line: you'll have to get creative to solve your cashflow challenge!
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17 December 2024 | 6 replies
Any tips on targeted marketing, effective lead generation, or even some "outside-the-box" tactics?
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16 December 2024 | 6 replies
Once the building is sold it generates a Section 1231 Gain and that can be offset by release of the passive losses from the syndicate that have been carried forward.
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15 December 2024 | 10 replies
It's not unusual for my clients to bring in $5000+/month in top line revenue.