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31 May 2024 | 187 replies
So Basically I am with you guys @V.G Jason best way to get to a point to live on rental cash flow is to absolutely keep your day job .Now some folks pull it off in the less expensive markets of the country were cost to acquire is in many instances less than 50k a door cost of living is much less than other areas and they are as stated extremely frugal.
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28 May 2024 | 26 replies
Yup DSCR loans easy to get into hard to get out and a disaster if you miss any payments or have other DSCR issues along the way you jeopardize your entire portfolio.. use those with extreme caution and make sure if you dont understand it all, this is one of the few instances I think U need to have an attorney review and explain all the Covenants of these loans and what they mean.
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27 May 2024 | 17 replies
$15/sqft under roof instead of $10, for instance.
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27 May 2024 | 20 replies
Hey, @Justin Kane you're correct that the more doors the more money. but due to having many doors, there are general expenses that increase there by decreasing cash flow. for instance.
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25 May 2024 | 9 replies
For instance, I worked for a company who was more focused on running successful deals than they were marketing.
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28 May 2024 | 68 replies
And in every instance, there has always been that 1 tenant instigator, who not only presses the line but same time is talking smack to all other tenants getting all riled up.
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26 May 2024 | 27 replies
For instance if your card limit is $60K, depending on your card, you can take up to that amount less the processing fee (assuming you were starting from zero balance).
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24 May 2024 | 15 replies
For instance, I was once thinking about buying a property that had a minor issue with a relatively easy solution, but then we learned from the City that implementing that solution would create a new problem that would have cost us $50k+ to address in order to retain a certificate of occupancy (I didn't know what I didn't know, but I'm glad I found out before I bought the property!).
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24 May 2024 | 42 replies
I had a good client that did what you do in B ham for instance.
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25 May 2024 | 26 replies
For instance; if the home was sold for $450,000 and they owed $400,000 with $30,000 in closing costs, then they would take home $20,000 in equity/profit.