14 June 2020 | 7 replies
I know they use 5% for vacancy,repairs and capex which are low.
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6 June 2020 | 0 replies
Want to act as though I am a tenant as well and setup a 3 unit structor.Goal is to keep CPA workload light and maximize my profits while limiting costs.Was thinking - 1 Business Checking account (Property): tenants Zelle rent to and all bills are paid out of, reserves (Cap Ex, Repairs, Vacancy) kept.- 1 High Yield Savings (Business): Majority of CoC return deposited for funding future business acquisitions (earn some interest while building funds). - 1 High Yield Savings: for deposits (pay tenants required interest and transfer rest to Business Savings account.- Personal Checking: Drawing funds, receiving refunds for business purchases, add funds to business account if needed.I made a terrible drawing to help as a visual aid.
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10 June 2020 | 79 replies
Assuming you have a reserve and can afford things like vacancy ect.
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9 June 2020 | 1 reply
The SFR won't cash flow as you're very highly leveraged and not accounting for Vacancy, repairs, CapEx, Management.
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8 June 2020 | 8 replies
If I tried that here I’d be sitting on vacancies a real long time.
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10 June 2020 | 7 replies
It has been working great, with minimum vacancy.
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8 June 2020 | 2 replies
There is a vacancy in all markets for good wholesalers who treat it like a transparent business of connecting deals.
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24 June 2020 | 18 replies
I'm assuming he'd save on realtor fees, marketing costs, staging costs, vacancy costs, Should I evaluate repairs that need to be made?
8 June 2020 | 1 reply
Here are the typical expenses to consider: Tax, Insurance, Utilities(Electric, Water, Sewer, garbage, gas), HOA, Lawn/Snow, Vacancy, Repairs, CapEx, PropertyManagement, Mortgage
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23 June 2020 | 2 replies
I am looking for a property that I am able to house hack that and if I were to move out hold as a rental and at the very minimum make $100 per month per unit after all expenses and budgeting for repairs and vacancies etc.