30 March 2024 | 0 replies
An investment interest expense is accrued when money is borrowed to fund an investment.

3 April 2024 | 83 replies
I give the highlights of the rehab (Rewired, replumbed, new HVAC, etc.) and a short summary of the major expenses involved.

1 April 2024 | 17 replies
How expensive is a PO Box?

2 April 2024 | 20 replies
I like to think of lost rent as a regular operating expense and factor it in as vacancy rate.The most important thing in this case is to not take it personally, don't let it make you mad or bitter.

1 April 2024 | 27 replies
Wholesaling in SoCal can be tough....i haven't found the competition factor a set-back yet..if your really out in the streets, knocking on doors, at your court houses, county buildings consistently you find there are not as many wholesalers as you may think actively wholesaling.....there are quiet a bit of people talking and wanting to get in...i use the county buildings and the court houses for my leads...there are some really great untapped resources and tons of different types of leads you can get from those two places...and of course I have not discovered anything brand new...im just realizing the sucess is in the fight and how hard you want it...when i found out about these two sources i started to pull data from them and let me tell you it was overwhelming...but it was a gold mine...before i made enough money to pay someone to do this for me....i had to spend hours and hours and hours daily scrubbing data....finding address and owners names...etc...i have a system now and it runs smooth...i find some really great deals throughout LA County and Riverside County...I have 2 cash buyers that have bought all my deals...thats another important thing find real cash buyers...when i first started out i didnt have real buyers and i found out other wholesalers were acting as cash buyers just passing my deals on and on and it became a daisy chain leading to no where...Anyway i love wholesaling and i could type all day..if you want some creative ideas to find properties PM me....but dont give up...and don't let anyone discourage you about SoCal...its tough and it will literally make you cry....lol but its great place to start wholesaling...if your willing to put in the work...

2 April 2024 | 9 replies
I've included an example below to help illustrate this.So different lenders have different rates (which do vary even for DSCR loans) but these are factors they all consider.See example below:DSCR < 1Principal + Interest = $1,700Taxes = $350, Insurance = $100, Association Dues = $50Total PITIA = $2200Rent = $2000DSCR = Rent/PITIA = 2000/2200 = 0.91Since the DSCR is 0.91, we know the expenses are greater than the income of the property.DSCR >1Principal + Interest = $1,500Taxes = $250, Insurance = $100, Association Dues = $25Total PITIA = $1875 Rent = $2300DSCR = Rent/PITIA = 2300/1875 = 1.23DSCR lenders generally let you vest either individually or as an LLC.

1 April 2024 | 7 replies
Our expenses have gone nuts and we aren't able to, or ethnically able to push rents fast enough to break even.

2 April 2024 | 58 replies
The model for renting RVs/THs is there but your expenses go way up b/c of management and maintenance on the homes.For our business model, we will be placing two homes on a lot with a big view as vacation rentals (more of duplex than single TH).

1 April 2024 | 6 replies
I'm guessing you've already looked at your expenses and cut all of the extras.

2 April 2024 | 22 replies
CA is is an expensive market and having enough capital to enter can be daunting.