Harris Lee
Doorvest experience journal
16 December 2024 | 12 replies
It seems like it will return ~$200/month pure cash after all mortgage payments, fees to Doorvest, maintenance, vacancy fees, etc., I will update the exact number in this thread in the future. - Here is how Doorvest works in general: The houses are only located in Houston.
Eddie Gonnella
Airbnb Hosting as an Individual or Business/Brand? Building to sell/transfer
16 January 2025 | 40 replies
My view it’s that it’s always better building a brand rather then focussing purely on the aggregators (whether Airbnb or otherwise) but it would depend on your objectives as an investor/operator of your own spaces.
Michael Plaks
DEBUNKED: EOY tax planning "tips and loopholes"
23 December 2024 | 12 replies
If this concept is unfamiliar, then continue to ignore it.In closing: The dangers of shifting the timing of your income, expenses, and business transactions.A purely mathematical exercise may indicate some beneficial timing for this or that.
Andres Rossini
Am I greedy/emotional seller? Revenue=185k Expenses=100K
10 December 2024 | 39 replies
A PURE real estate investor would not be interested.
Dean Halpin
Need Real Estate Guidance (22 yrs old)
10 December 2024 | 7 replies
There are some people that get lucky and earn cash quickly, but they generally hide the fact that it was pure luck or how much work was involved.
Himateja Madala
STR evaluation in Kissimmee(Reunion)
9 December 2024 | 21 replies
Property was on market for about 170 daysI originally started the STR plan for tax benefits and plan to do cost segregation as i fall into high income bracket (37%+ 11% state) saving around 50k for 600k property.I have no plan to personally use the property and this is purely investmentI thought i found a great deal because properties in the area are selling for 205-220 per sqft.
Tim Holt
House Hacking in Rhode Island
10 December 2024 | 6 replies
Hi @Tim Holt I think in general house hacking is usually a good move because it gets you off the sidelines and into the game with the most favorable financing possible (30 year fixed).There's a lot of value in getting started today vs waiting some undefined number of years until conditions are better, which could be a long time from now, because real estate is a business and the sooner you start actually learning about that business, the better.With all that said, I always recommend that people analyze any potential house hack as a pure investment that they aren't going to live in, because someday they may want to move out and you should know up front (before you commit) whether you're going to be able to do that, or whether you're overpaying and will be stuck in the property unable to move out because it'll be cash flow negative if you do.So you had it exactly right when you wrote, "the property would need to cash flow when I move out and rent out all units."
Reeves Bennett
How to Scale Multiple BRRRR Deals in a Year
17 December 2024 | 14 replies
I was able to negotiate about 10% discount that was purely circumstantial, I'll let time do the appreciating passively instead of running a 6 months construction project with holding cost.
David Martoyan
What’s Your Biggest Lesson Learned From a Fix-and-Flip Project?
5 December 2024 | 20 replies
Although we absolutely must do our comps for ARV and handle the Subs with an iron hand and blah, blah, blah....but a lot of this game is pure dumb luck.
Craig Sparling
Chicago vs the world: Forgone opportunities?
13 December 2024 | 18 replies
Idealizing a past scenario is purely negative.