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9 March 2024 | 26 replies
This means you are doing it strictly for the cash flow.If it were me, I would go the ADU route, Rents could be comparable to the condo without the HOA dues (yes higher Cap-Ex but those are long term expenses), and with everything on one property, things are just easier to manage (one mortgage, one property tax bill, one insurance, etc.).
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7 March 2024 | 35 replies
Without a great next move option like I had before (eliminating debt), paying cap gains to get to a cash position is very expensive.
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7 March 2024 | 5 replies
Other than taxes and insurance, I'll assume the best case in that there are no other expenses.
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7 March 2024 | 17 replies
A good place to go to if Columbus is too expensive
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8 March 2024 | 9 replies
This can be very expensive and is usually the worst choice because you can't justify the cost.2.
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8 March 2024 | 31 replies
@Jaron Walling Hi, i have been working at my families local restaurant since i was a kid. it pretty much doesnt operate smoothly without us being there but it is getting tiring and my parents who have been working these hours much longer than i (they are immigrants from albania hence why i also bust my ***) dont want to continue doing this forever. i also do some FB market flips and have an online store. i just hustle to do whats needed. i have low expenses so this has allowed me to save alot for investments.
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7 March 2024 | 3 replies
Pay all expenses through your LLC account/business account.
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8 March 2024 | 30 replies
But in many cases they will just ending up routing you back through a broker which brings you back to the above scenario, so you've really gotta pick and choose well.Keep in mind that if you do find one, there will be things you need to do on your end such as specific signage, obtaining certificate of insurance from any vendors you work with (cleaners, handyman, pool guy), etc.Safely I believe also includes liability as an option in addition to their usual damage protection at an extra cost, though in that case you're paying on a per booking basis rather than a yearly fee, and it's likely going to be quite a bit more expensive.
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7 March 2024 | 10 replies
I do know permit costs on new construction is more expensive vs remodel.
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4 March 2024 | 3 replies
Was wondering if there are any good apps or software that makes it easy to track expenses and invoices, payments, etc when flipping a house.