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Results (10,000+)
Allen Zhu first investment help
13 February 2025 | 5 replies
Here's the deal:Purchase Price (PP): $95kRenovation Budget (via HML): $60kTotal All-In Cost: $155kARV (After Repair Value): Around $200kRefinance (via DSCR Loan): 7% interest, 30-year fixedRefinance Details:After the refi, I will pay back the Hard Money Loan (HML) at 11.95% with 3 points:HML: $60,000Interest/fees: $3,585Other costs: $1,800Total to pay back HML: $65,385After the refi, I will have $84,615 left in cash.Cash Flow & Expenses:Expected Rent Income: $1,700/monthProperty Management (PM): $126/monthInsurance: $100/monthTaxes: $126/monthMortgage: $1,043.75/monthTotal Expenses: $1,395.75/monthSo my monthly cash flow is about:$1,700 - $1,395.75 = $304.25/month in cash flow.Return on Investment:Cash Invested After Refi: About $18,385 (after paying off HML and closing costs).Annual Cash Flow: $304.25 * 12 = $3,651Cash-on-Cash Return (CoC): $3,651 / $18,385 = 19.8%I didn’t account for maintenance costs since it’s a full gut rehab, and everything is brand new.
Noah Laker CPA said you can only do Cost Segregation on STR property
19 February 2025 | 14 replies
Can I use cost segregation studies I've done on my apartment buildings to not pay any self-employment taxes on my real estate commissions?
Felicia Nitu Maximizing Investment Opportunities with SB-9 in Los Angeles
9 February 2025 | 8 replies
Under SB-9, you can have at least 2 units per lot, with a minimum of 800 square feet each.
Don Bessette Wording for a notice to move for full renovation
19 February 2025 | 6 replies
If they are elderly or disabled the court can grant them up to a year to remain in place (they do have to pay use and occupancy during that time).
Victor Yang Taking a small loss to save on taxes?
19 January 2025 | 7 replies
Right now, the best offers around me are for some 1.3-4 million, that only generated around 100k per year gross, so there would be a high chance of not cash flowing, and paying money, especially with a commercial loan (these buildings have more than 4 units).I was thinking that although the rental itself does not generate money, I would be able to deduct the mortgage interest, and depreciation from my personal w2 income and would be net positive.
Craig Sparling LLCs in Illinois - Secretary of State
20 February 2025 | 3 replies
Pay Transparency RequirementsHouse Bill 3129 mandates that employers with 15 or more employees, including LLCs, must include pay scales and benefits information in all job postings.
Alex Rosen Water Meter install in chicago
21 February 2025 | 4 replies
I purchased a property in Chicago in 2024 and pay $400 a month for my water bill (unmetered).
Michael D Kaminski Software Suggestions for Note Investing Business? Accounting Suggestions for Same?
22 February 2025 | 17 replies
That's the maximum amount we will pay for the note.
Ruben Espejel What factors do you use to hold, adjust, or sell?
24 February 2025 | 2 replies
I buy my STR's for fun so that I have cool places I want to go to for my family that pay for themselves and make some money.
Account Closed Property Management Fees in Rochester, NY
19 January 2025 | 1 reply
What specific websites will they advertise your vacant property on?