
27 September 2024 | 7 replies
We've bought 150+ units in Jax and we still own and manage 51 units there currently.

25 September 2024 | 1 reply
Property taxes in Rowan County are generally reasonable, but confirm specific numbers and any potential HOA fees or maintenance costs.

28 September 2024 | 7 replies
Hard stop.I agree that Hubspot is the easiest to use and it's free so well worth the no cost to play with that with under 1,000 leads.RESimpli is something you could upgrade to as you get moving.

30 September 2024 | 24 replies
There are quartz counter tops that would have been fine and not much more in costs.

29 September 2024 | 5 replies
If you get it wrong, the penalties will get costly quickly.All the best!

26 September 2024 | 2 replies
This creates two loan payments ($100,000 of equity and $300,000 on the new mortgage).Key NumbersHome Equity Loan Interest Rate: 6%Mortgage Interest Rate: 7%Rental Income: $3,000 per monthExpenses (management, taxes, insurance, maintenance): $800 per monthIncome and ExpensesMonthly Rental Income: $3,000Monthly Expenses: $800Monthly Mortgage Payment: $2,000ExplanationThe investor earns $3,000 in rent each month.They pay $2,000 on the investment property mortgage and $800 on other expenses.This leaves $200 profit each month or $2,400 per year.However, you have to pay $6,000 interest on the equity borrowed.This leaves you with an annual loss of $3,600.This example shows that while the rental property generates positive monthly income, the interest cost of borrowing the initial $100,000 results in an overall annual loss.

23 September 2024 | 14 replies
If using co-host to help manage, do you just rotate several so you don't allow them to surpass your 100 hours?

24 September 2024 | 3 replies
Unfortunately, quotes are coming back at 3x the current cost ($3300/year).

25 September 2024 | 11 replies
Cost segregation work can often be separate though.

27 September 2024 | 2 replies
But, in the event you really are persuaded that it is important to separate each asset, ensure that whoever is managing the books/monies on the LLCs are doing it 100% correctly as even a small mistake can allow would-be litigants to pierce the corporate veil and render all of it in vein anyway.