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5 March 2024 | 7 replies
This is essentially giving you some of the cash from your improvement (presuming they are significant) , as well as a steady stream of income into the future - which helps you long term in numerous ways.
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7 March 2024 | 38 replies
I would consider this option only if I were truly at the end of my investing life and seeking to create an annuity-like income stream through a simpler and more consistent vehicle, saying putting it all in IVV and withdrawing a flat percentage every month.
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6 March 2024 | 9 replies
Interestingly, they've recently negotiated a re-purchase price with us IF we bring new funding to the table.The rehab is required for several reasons: (a) correct the damage the bank has allowed to happen to the property improvements these past few years (known problems include completely destroyed pool makeover; wild animals living inside the residence; flooring missing in sections of the rec center building; destruction of the decorative main entry gate mechanism; lots of dead landscaping; as well as latent defects not known to us such as working plumbing, HVAC & water services) AND (b) expansion & upgrading of the accommodations (converting the private residence to a 2-story lodge with the restaurant/bar, reception/check-in, movie room, public restrooms, gym/sauna/steam room/massage therapy room; enlarged pool & deck area with climate-controlled cover for year round use; conversion of former restaurant/bar building to a general store selling venue collectibles & wearables, selected pre-packaged foods, sundries, RV & camping items, bagged ice & a propane refill station; construction of a free-standing event center; free-standing cabins; enlarged & upgraded RV park with its own small restroom/coin-op laundry building; outdoor activity areas; new landscaping & fencing; new parking area & entry drives (personal car & RVs).We know our target audience having created and operated the former version of this resort for almost years creating an initial membership base numbering about 1,100.
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5 March 2024 | 4 replies
Port Washington, Lynbrook, Long Beach and Valley Stream have had the most small multi-family residential sales on Long Island over the last 6 months.
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8 March 2024 | 121 replies
I really don't think anyone has a "crystal ball" BUT the guys who were in the "Big Short" movie did seem to have really good G2.
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5 March 2024 | 70 replies
This reminds me of a line from the movie A League of their Own, said by Tom Hanks character."
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2 March 2024 | 17 replies
Who's going to bankroll us and stream it?
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28 February 2024 | 0 replies
I was able to use the rental income to pay off the mortgage on the property and generate a steady stream of passive income each month.