Jeff Adema
Financing Advice
14 August 2016 | 9 replies
@Jeff AdemaAnother option is to open a self-directed IRA and incorporate a TIC transactions alongside your IRA.
Chad Lamb
Help with tenant applications!
13 November 2017 | 9 replies
We set up a card table with folding chairs in the empty living room.
David Bates
Best state to incorporate LLC & taxes for foreign investors
31 December 2019 | 5 replies
Hi All,Merry Christmas!I'm a British expat working in China and have been looking for a way to improve on the poor returns I've seen in China and Europe recently. Some US rental markets do look very attractive, such a...
Bill Gulley
What Did Santa Bring You ?
25 December 2015 | 3 replies
HO HO HOI'm setting in a chair getting a massage!
Jeff L.
The 10 mortgage limit: is it 10 LOANS or 10 PROPERTIES?
4 February 2016 | 30 replies
Considate a 2nd time, incorporate, transfer the profits to the business.
Bailey Kramer
Quick Tip For Dealing with Damages With VRBO
8 September 2022 | 12 replies
From the windows started a bloody trail on the floor that led to the dining room, to the kitchen, to the living room, then it pooled on a chair, and there was a distinct bloody handprint on the armrest.
Brandon Schlichter
Almost 2 years into being a buy-and-holder - 18 units & a full time job
30 April 2015 | 68 replies
The bank was, and still is extraordinarily slow to lend, and we're having to change our strategy a bit to incorporate flips into our model while we wait for the properties to season a little more.Metrics look like this :~$440k in via equity investment + a minor amount of rental income$110k debt (Resulting in debtservice of $750/mo)For a total of $550k invested.ARV between 3 properties of $850k - So a net equity of $300k or so.Monthly rental revenues of $11,000Costs are $1000/mo in insurance$1000/mo in property taxes$1500/mo saved back for maint/repairs - Actual expense last year was around $700/mo due to the fact we try to fix everything that might need repaired in the next 5 years, so far it's worked quite well$500/mo for vacancies (Actual vacancy rate was 3.8% last year based on total of damages + lost rental days).$750/mo in debt service ($285 or so goes towards principal curtailment)For a grand total of $6,250 in monthly cashflow or 16.6% return based on the $450k cash invested.
Tommy Sutherland
Lawn maintenance fee
3 November 2014 | 8 replies
The last renter did not maintain the yard like it needed to be so I am looking for advice on how to incorporate the requirement of you must own a working riding mower or pay an additional maintenance fee for the yard.
Yahav Caine
Holding property inside an LLC from another state? + 1 question
28 October 2016 | 2 replies
Some states will require that you register your business in that state even if you incorporated it in a different state.
Greg P.
Home Staging - How much?
3 March 2018 | 23 replies
I was able to buy couch, coffee table, 2 end tables and lamps, console table, dining room table and 4 chairs, wall hangings, and a whole bunch of bowls and random stuff at target for about $2K.