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19 March 2024 | 3 replies
In Fall 2022 I bought a 3/2 (half of a duplex) in a neighborhood that’s in the early stages of up and coming, my thought was to get a rental to break even or lightly cash flow and appreciate over time as the neighborhood improved.
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19 March 2024 | 0 replies
A Cost Segregation study is an IRS approved federal income tax tool that increases near term cash flow by utilizing shorter recovery periods for depreciation to accelerate return on investment.
19 March 2024 | 6 replies
Code Chapter 47 - Fraud And False Statements, which is a very boring read, unless it applies to you.Please don’t do that.Make sure your Proof of Funds source has the funds and that you are authorized to use those funds and the source will vouch for you in court.If you are going to buy “Turnkey” it is recommended you visit the actual neighborhood and actual house before closing.Things can be very different in person.Afterwards is too late.You may not like what you seeGo with the Math, not the emotions or hopes of the futureIf you are losing money with the hopes of making it up later, you should seriously reconsider.Wishful thinking is a poor investment.Interest rates are going upAnd interest rates are going down.And interest rates are remaining the same.There is no clear direction for rates and there are arguments for going each direction – buy so that your property cash flows, even if you are wrong.Ignoring your workers.Always serve your workers pizza on the job.It keeps them on-site so they don’t wander offThey will think you actually care and will work harderYou get to become “one of the boys” and they will tell you things you need to knowHmmm, out of space, but not out of mistakes.
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18 March 2024 | 17 replies
I could mid-term rent my house, which would cash flow more like $1k per month but there's more potential for vacancies.
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18 March 2024 | 2 replies
Hi,I am new to RE Investing and would like to check if following numbers makes sense or am I missing anything:Property Details : 3/2 TownhomeIncome: $2800Expenses = $2700 (approx)Here is the break down.Mortgage + Tax +Insurance = 1800HOA = 265Vacancy = 5 % per month = 140Repairs + Cap Ex = 200PM = 10% per month = 280Total Cash Flow : $100I can get greater cash flow if I manage myself but I am not planning to do it.I am thinking of getting HELOC and buy a new primary residence and rent this one.
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18 March 2024 | 10 replies
I am 55 yrs old and would like to increase my cash flow to ensure a more stable retirement . . .We all know SF rentals are a "slow but sure" way, so I am considering leaving that strategy.
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18 March 2024 | 3 replies
NOI represents the property's income after operating expenses but before debt service (mortgage payments) and income taxes.Evaluate Cash Flow: Deduct the mortgage payment (principal and interest) from the NOI to determine the property's net cash flow.
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19 March 2024 | 46 replies
Building out a system of consistent deal flow for $200,000+ profit single-family flips is not something the average investor is realistically going to achieve in a lifetime.
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16 March 2024 | 1 reply
I am currently looking at a few locations/properties though Zillow, redfin etc. to get an idea of the rent/cash flow potential in the surrounding areas.
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18 March 2024 | 2 replies
It's capable of generating approximately $200 per month in positive cash flow if rented out.