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15 December 2024 | 18 replies
@Yezenia HernandezI started with pre-construction short-term rentals in the Riviera Maya, since it's Mexico's and one of the world's main tourist destinations and so the profitability has been very high there.
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16 December 2024 | 35 replies
Now that I've had a bit of time to put in some info into rental hero, under the "profit and loss" section, you can save/print a PDF with details.
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10 December 2024 | 5 replies
I manage the property and the tenants, pay the owner of the property a rent that meets their mortgage plus a little profit, charge fair market rent from the tenants I sublet to, and exercise an option to buy the property after a predefined term and at a predefined price.This way tired landlords don't have to manage their property anymore, and I start investing with little to no money.
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10 December 2024 | 5 replies
All cash costs, and negative CF is a loss, must be recovered before you can make a profit.
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17 December 2024 | 86 replies
Then turn your profits into assets that provide monthly cash flow.
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11 December 2024 | 6 replies
Even if the property were to sell it $180,000 that's a lot of risk for 30 K of profit.
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12 December 2024 | 10 replies
For tax purposes, the profit is calculated as the sale price minus the cost basis (purchase price + renovations + transaction costs).
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11 December 2024 | 1 reply
As I've experienced in my own career, selecting a broker with a proven history of successful transactions ensures a smoother and more profitable sale.
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9 December 2024 | 3 replies
It has been a great an profitable ride.
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10 December 2024 | 14 replies
If this is a $400k home, you have to make a lot more than $20k/yr in profit/cashflow.