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9 February 2025 | 36 replies
It has cost many people including myself a lot of unnecessary money and still is because you deal with the tax portion of opening unnecessary LLCs recommended by supposed professionals.
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13 February 2025 | 3 replies
Returning, recommendations, Street presence, etc. to where it feeds itself.
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20 February 2025 | 13 replies
If I were to keep it, what are some key recommended improvements I could make to add value?
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7 February 2025 | 11 replies
Or a real estate attorney they’d recommend in Charlotte incase an eviction is what it comes to?
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15 February 2025 | 2 replies
I highly recommend you study this, practice it, and apply it.https://www.biggerpockets.com/blog/rental-property-cash-flow...Property Details:Type: Single-family homePurchase Price: $289,900Down Payment: 20% ($57,980)Loan Amount: $231,920Interest Rate: 6.85%Loan Term: 30 yearsMonthly Mortgage Payment:Using a mortgage calculator, your principal and interest will cost $1,515 per monthRental Income:Average Rent for Single-Family Home: $2,171 per monthOperating Expenses:Property Taxes: $300 per monthInsurance: $100 per monthMaintenance and Repairs: Budgeting 5% of rental income ($109 per month)Vacancy Rate: Assuming 5% vacancy ($109 per month)Property Management Fees: If outsourced, typically 10% of rental income ($217 per month)Total Monthly Expenses:Operating Expenses: $835Mortgage Payment: $1,515Total Expenses: $2,350Net Monthly Cash Flow:Rental Income: $2,171Total Expenses: $2,350Net Cash Flow: -$179 per monthConclusion:In this scenario, the rental income of $2,171 per month does not fully cover the total monthly expenses of $2,350, resulting in a negative cash flow of $179.
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2 February 2025 | 20 replies
I find the interface easier to manually update rates across my portfolio, OwnerRez doesn't easily let me match rates across my properties on a spot basis (unless anyone here has other recommendations that uses OR).
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23 January 2025 | 5 replies
It's important to take the time to evaluate the goals and seek professional advice to ensure the right fit.
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17 February 2025 | 8 replies
I agree with where Nicholas is going, first, if it's feasible I'd recommend house hacking some type of multi family or even a single family that's local to you.
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5 February 2025 | 2 replies
If you have a perfect closing and first 3 months your dreaming Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?
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12 February 2025 | 14 replies
I would recommend house hacking unless you had plans to move out of state.