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Results (10,000+)
Jared Smith Should we keep our home as a rental
14 November 2024 | 25 replies
Thanks,JaredI'd only pursue this if there is an big upside for appreciation, or if you planned on keeping the house forever as a rental.Run the numbers, subtract 15% a year for vacancy and on going maintenance and repairs during each year, subtract 15% per year for maintenance and repairs to get it market ready once you decide to sell it.Example if you were to keep it for 5 years and sell at the end of five years:12x$200=$2400 year gross profit15% for vacancy, maintenance, repairs ($-360.00 per year)= $2040 gross profit per year15% set aside to repair, repaint, replace to get ready to sell on market = $1800 $7000-$8000 net for 5 years of rental.Appreciation over the term you would keep it would be the only incentive, and it could be a big reason why to rent it.
Stuart Udis Structuring your entities for anonymity is NOT asset protection
21 November 2024 | 39 replies
And in second, setting up a "plan Z" where if all else fails what does get "burned to the ground" is replaceable, and the wealth center is protected on it's "asset island". 
Joe S. What to do when a contractor pulls a huge number out of the hat after the fact?
11 November 2024 | 22 replies
For $23k, they better have replaced the whole sewer line with double-wall aircraft aluminum and platinum fittings!
Marci Stein Replace septic, or not?
3 November 2024 | 11 replies
Is it the entire system that needs to be replaced
Grayson Landon Extremely slow and incompetent contractor
11 November 2024 | 2 replies
My business partner and I paid them $12,750 right after the roof was done, and this was for the total roof replacement plus half of the rest of the project.
Arron Paulino Squatters and Thiefs Keep It Up
11 November 2024 | 29 replies
I know it has been costly to replace/repair the damage done especially with the property being vacant and a monthly mortgage payment due as well without any rental income coming in.Any advice is greatly appreciated.
Henry Rodriguez build adu on property or purchase another property ?
14 November 2024 | 10 replies
Secondly, if the appraised value is less than replacement cost, ADU does not make sense for a value add.
John Rivera Replacing labor and project management..
4 November 2024 | 2 replies
I'm currently working on a tool that will help fix and flippers and BRRRR investors with managing their projects and also creating a service for investors to pre-vet and replace labor quickly.
Orlando Kell What is proper order of rehab work?
11 November 2024 | 36 replies
Hang your new fixtures and replace the knobs and pulls.
Jonathan Greene The Top 5 Ways I See New Investors Lose Money On Their First Flip or BRRRR
19 November 2024 | 24 replies
I used a business credit card to pay for a new roof and will use it going forward for all repairs and replacements of items.