Hiten Java
Primary to rental depreciation
7 June 2024 | 3 replies
These are good questions for a CPA, not random internet people.
Marcus Auerbach
Newbies: investing is not rocket science - don't let the gurus tell you otherwise
11 June 2024 | 116 replies
These bp forums if you weed out the trash agents, the lenders that push dscr when nothing is intrinsic, the newbie posts everyday about llc and why can't i find cash flow, or the 1% rule, or columbus cartel, will offer more knowledge and resources than 99.9% of the internet.
Account Closed
withroam.com – "Your new home, made affordable"
8 June 2024 | 15 replies
Not all FHA loans are assumable, some are to qualified owner occupied buyers.Readers, please do your own research and don't just go by what people post on the internet.
Courtney Barnes
Kissimmee/ Davenport Vacation Short Term Rental to Retirement house
7 June 2024 | 14 replies
Outside of my principal & interest costs, here are my monthly expenses:Electric: averages $300Water: averages $50 (including irrigation water for lawn)Management (includes weekly pool care, trash cans out & in, pest control): $280HOA: $52Property taxes: $400Insurance: $325Lawn care (weekly): $100Florida STR license: $15Niceties (internet, tv services for guests): $100, and this is generous as I include some stuff I pay for from my own house that would cost more if I didn't.
Timothy Michael Mick
Transaction Coordinator Law
9 June 2024 | 35 replies
Thanks Russ I am sure yours is like my wife worth every penny so you can concentrate on doing deals not organizing your files :) I can also see in markets that the median sale prices are not like yours and or ours the cost could be prohibitive if your selling 200k homes and then doing commish splits etc.. there is a huge difference in making a 30 or 40k commish and paying 400.00 and making 6 k your broker split then paying the 400.00..
David Byrd
Beginner Questions - Forum Etiquette, Research, Networking.
8 June 2024 | 1 reply
Some mentees will act as a bloodhound for the mentor, knocking on doors, driving for dollars, scouring the internet, making cold calls, or performing other services that help the mentor find new deals.
John McGuire
Rules for loan types when moving rental home into LLC
6 June 2024 | 2 replies
I am just a person on an internet message board, but have known enough attorneys and seen second and third hand enough lawsuits to know you are getting dragged in no matter what.Just a few things to think about before you start spending money to transfer, just to learn that it will cost you a lot more to have things like commercial insurance, commercial mortgage, business utility account (not more expensive, but typically require a large deposit to remain on account), etc.
Alex Rodgers
What's your cash flow strategy for 2024?
8 June 2024 | 37 replies
Some examples of these techniques include sending out targeted mailers or running internet advertisements.
Britt Hennings
Share numbers for first STR (small town, normal SFH)
6 June 2024 | 7 replies
It will be self managed, I will be near the unit (less than 5 mins away) to clean and take care of any issues.My numbers:Approx Value of Home $240-280kCurrent monthly cost / $860 mo (mortg,ins,tax)Utilities / $250. mo (elec,gas,water,trash,internet)Cost to run as AirbnbApprox monthly cost with STR insurance ($250/mo?)
Don Konipol
Before Real Estate Investing Went Public
4 June 2024 | 1 reply
Even with all the information available on line today investors seem to concentrate on techniques and methods, and do not learn the fundamentals necessary for analyzing investment deals.