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22 April 2024 | 39 replies
Also there is a huge difference in Net worth in real estate assets and other assets.
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23 April 2024 | 28 replies
If you can rent them, then they are a huge money maker.I don't recall what we paid for it, but let's say $10,000 and I use it 75% for biz.So depreciation is $7500 (assume 30% tax bracket, tax reduction $2625) That is a cash inThen rental say about 75 days @ $250/day = $18750Less costs (gas, repairs, service, insurance etc, which will also be a deduction from revenues) = $5,000So Yr1 you are at $16,375 and your machine is all paid for and then some.I don't have a garage so it is parked on the side of the property.
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22 April 2024 | 0 replies
The process included one eviction, a procedure RCA is well versed in, taking roughly 2.5 months in Connecticut.The value-add process resulted in a ~60% increase in NOI from ~$74K at purchase to ~$118K on a run-rate basis after 7 months.
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21 April 2024 | 25 replies
The odds are slim but the victory would be huge.
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23 April 2024 | 14 replies
The equity you receive in cash will equal the same thing in a different, CASH FLOWING, property with one huge difference.
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23 April 2024 | 14 replies
My goal in starting a syndication and delving into real estate this way is to jump into the field without needing a huge upfront investment and gradually expand my portfolio, which aligns with some of the principles laid out in Brandon Turner's book.
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22 April 2024 | 1 reply
She has been great in helping me through the contract process.
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23 April 2024 | 12 replies
Hello everyone,I'm in the process of securing a loan for a new (my first) rental property purchase.
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22 April 2024 | 5 replies
I would love to get a screening report early on in the process since they can take it with them wherever they go!
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22 April 2024 | 0 replies
Evicting two problematic tenants was a challenging process, even though we managed to remove them quickly.