William Nast
The big dream: Aspirations of a young man.
10 January 2025 | 6 replies
I have always dreamed of owning and operating multifamily rental properties ever since I was a little kid.My mom has been in realestate ever since I could remember, everything from being a realtor, fix and flips, buy and holds, and long term rentals.
Joseph Beilke
Costa Rica Info
11 January 2025 | 11 replies
Here are the numbers:IncomeTotalPartner ContributionsManaging Partners Debt$0.00Partners Deposits$987,459.99Total Contributions$987,459.99Operating IncomeAirbnb Income$50,186.50Square Income (Vehicles or add-ons)$6,741.04Total Operating Income$56,927.54Total Income$1,044,387.53ExpensesPurchase of propertyCost of House-680,000.00Closing Costs-$26,744.44Total Cost of Purchase-706,744.44Set Up ExpensesHouse Improvements & Care taker home addition-116017.03Adding Tiny House-52130.83Furnishings-68403.65Vehicles-43150Set Up Costs and Advertising-2339.53Total Cost of Set Up-282,041.04Operating expensesCare Takers-14535.9Additional Cleaners-1505Cleaning Supplies-2670House Supplies-1340Landscaping-4230.66Utilities (Power & Water)-8204Internet-315Pest control/fumigacion -120Pool cleaning/maintenance-2220Vehicle Gas-552.3Vehicle Maintenance and Repairs-6625.01Welcome Food for Guests-115Property Repairs-4999.64Bank Fees-1208.06Accounting Fees-1085Insurance-955.74Other Expenses-1071.2Total Operating Costs -$51,752.51Total Expenses-$1,040,537.99Net Income$3,849.54Net Operating Income$5,175.03Now 5k for an investment of 970k is not a good investment.
Mary Peale
Seeking Advice on STR Profitability & Strategic Adjustments for Year 2
15 January 2025 | 15 replies
In that case you will need to analyze the comps, and keep in mind operating two units on one property can bring other costs and operational issues.2.
Joshua Tucker
Tax breaks on tribal land
16 January 2025 | 2 replies
On top of that, hiring tribal members for construction or operations could qualify for employment-related tax credits.
Melanie Baldridge
Did you know this about Gas Stations?
14 January 2025 | 2 replies
In our area, it is rare to find a gas station where the real estate is owned by the operator.
Dan R.
New Text Restrictions
13 January 2025 | 2 replies
Hi, we are a small operator with 14 doors and Grasshopper told us we can't send texts anymore because we don't have a website.
Paul Baldwin
Any body ever work with Five Stream Ventures
16 January 2025 | 4 replies
Transparency and professionalism are core to how we operate, and we ensure all properties have clear, insurable titles before closing.
Jeremy H Barton
How Do You Create Your Partnership?
14 January 2025 | 2 replies
Don't operate under the, "we get along and can figure it out" mindset.
Adam Hardy
Putting rental under LLC
15 January 2025 | 1 reply
Why not take his name off the LLC and put it in your name now while the LLC has $0 of value (or whatever nominal amount your articles of organization or operating agreement say that you contributed)?
Francis Van Steen
Anyone have experience working with Praxis Capitol
31 December 2024 | 14 replies
I just mean to say that I don't think there is anything wrong with their business plan, their operational expertise, and so on, so unless something melts the economy down, it seems as though Brian integrity of the operators is the only remaining variable.