17 January 2025 | 5 replies
Account Closed our world is trending to more & more "immediate gratification".Self-showings are the result of this and owners squeezing PMC's profits to nothing.Regarding the PMA, ours is pretty long to cover everything we can realistically think of - yet, many owners freak out about it and hire a PMC with a shorter contract.How would you be reacting right now if someone had broke into your property and stole these things?
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14 January 2025 | 11 replies
.#1 Please share the best general coaching program that covers all the Real Estate Investment domains.#2 What about the best focused coaching program that covers Wholesaling.Also, is there a list where these REI coaching programs are listed and rated?
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31 January 2025 | 29 replies
I ended up getting a 401k loan to cover the purchase of a lot.
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17 January 2025 | 6 replies
Anyone have a cheat sheet or checklist for covering your ADU bases?
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20 January 2025 | 14 replies
Quote from @Erick Pena: A "good" rental property is one that covers all expenses (mortgage, taxes, insurance, maintenance, property management fees, and any other costs) and still leave a surplus (commonly referred to as cash flow).Calculate cash flow as: Cash Flow = Rental Income − Operating Expenses − DebtThere's much more to it, but that's the basic idea.
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20 January 2025 | 31 replies
I have started looking for another insurance quote, hard to find one that covers multi family.
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11 January 2025 | 49 replies
This is because they're much more expensive than other countries in the region and, unlike in some other countries in the region Costa Rica doesn't have the mass tourism needed to get you the rental income that would justify those prices.This being said, it shouldn't be hard for you to break even though since all you'd need to do for that is cover your costs.
29 January 2025 | 20 replies
I would maybe add that, with your portfolio spanning several states, you may want to research/interview a national PM that could cover all your properties with one contract.
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18 January 2025 | 8 replies
But I would charge the extra 3% to cover my costs.
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20 January 2025 | 5 replies
You'll want the rents to at least cover the monthly principal, interest, taxes and insurance (and HOA if there is one).