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10 July 2024 | 35 replies
And if you had no money that day the LLC your a member of still bought but you had no right to that particular asset.. this allows a group of investors some pretty heavy financial capacity.. we pretty much dominated Clark county for years ..
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10 July 2024 | 6 replies
Don’t hesitate to seek professional advice for financial planning or even emotional support if things feel too heavy.
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9 July 2024 | 1 reply
While the timing favors commuters over visitors, expect heavy traffic on detour routes during these weekends.I hope you’ve enjoy this month’s newsletter.
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9 July 2024 | 9 replies
For example an uber driver will have things like fuel, vehicle maintenance etc which could be several thousand per year!
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12 July 2024 | 281 replies
(We knew the parents so my wife just about adopted these sheltered girls).The OTHER girl's BMW would not start & it was blocking her vehicle against the 2 car garage & she has to get to her Gross Anatomy final (Yep final year pre-med).The wife went over (2 miles away) opened the garage door (no-one ever parked in as they had already lost the remotes) and she was able to drive into the garage & back it out.Same girls called the wife @ 11pm for baking soda to make cookies.
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8 July 2024 | 2 replies
As a hard money lender who works with many investors in the Portland area, I can share some insights on maintenance costs for multifamily properties in this market, though individual experiences may vary:Lots of investors report a slight decrease in maintenance costs during winter months, bc of:- Fewer landscaping needs - Less wear and tear on HVAC systems (as heating is generally less intensive than summer cooling)- Reduced tenant turnover in winterWinter-specific issues can arise:- Potential roof repairs due to heavy rain or occasional snow- Gutter cleaning and maintenance to prevent water damage- Heating system repairs or maintenancePortland-specific factors:- The mild climate helps reduce extreme weather-related maintenance issues. - Older housing stock in some areas may require more upkeep. - Strict local regulations can also sometimes increase compliance-related maintenance costsCost-saving strategies I've seen help:- Preventative maintenance programs can help reduce overall costs obviously - Some investors report success with in-house maintenance teams for larger portfolios- Energy-efficient upgrades can help reduce utility costs in the long runYour specific costs will depend on factors like the age and condition of your properties, your management style, and the specific neighborhoods you're invested in, but hope this helps!
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10 July 2024 | 87 replies
So what you are tellin me is basically the way the brokerage industry running the business is "heavy".Why not every agent has their own brokerage ?
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8 July 2024 | 14 replies
In some states you can also attach vehicles and or property and place liens.
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8 July 2024 | 6 replies
- 20% equity after rehabbing- 4% Cash on Cash return- 5% Appreciation rateAppreciation in Charleston over the last year was 9.8% Answer: If you are doing a heavy value add, you can certainly build 20% equity.
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8 July 2024 | 35 replies
The truck you bought will instantly lose value the moment you drive it off the lot, it will depreciate over the years due to the miles you rack up on it and the normal wear and tear of a vehicle.