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25 February 2024 | 0 replies
After expenses, it cashflows me around $350.
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25 February 2024 | 0 replies
One rule helped here (I simplify a lot): you should always count how much money will be left in your pocket after all expenses (including mortgage payments, taxes, fees, utilities, as well as the reserve fund for the current repairs of the property).
25 February 2024 | 10 replies
Property managers can also be expensive.
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25 February 2024 | 2 replies
A cost segregation study may allow you to deduct $150k in depreciation expense in the tax year of acquisition.This would create a large tax loss (notably different than an actual operating loss).
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26 February 2024 | 13 replies
As far as a multi, personally if all things were equal I'd go for the multi for a few reasons. 1) Added diversification.. if one tenant doesn't pay, you can still cover property expenses with the other tenants 2) Shared capex... typically, one roof and one property to maintain but multiple streams of income 3) Less vacancy.. usually multi's rent for lower, for example one of mine is the sweet spot of 3 bedrooms for $1300.
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21 February 2024 | 6 replies
There are a lot of great articles out there, but sometimes it can lead you down a rabbit hole and it can get overwhelming.
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24 February 2024 | 1 reply
The most expensive way to generate business, the pro is that it can generate leads in 24 hrs or less.
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24 February 2024 | 2 replies
Seems more like a preference rather than a way to lower expenses.
24 February 2024 | 4 replies
- Management fee percentage and what that typically includes (my company seems to charge a cleaning fee separate from their management fee, which I hadn't realized)- Additional monthly expenses (my company charged $200+ for a fire extinguisher inspection?)
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24 February 2024 | 2 replies
Dealing with unreliable collaborators can be expensive.