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13 September 2018 | 6 replies
If you're going to proceed to closing make sure your future tenants FULLY understand that the only things that should be flushed down the toilet are #1, #2, and toilet paper.
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13 September 2018 | 2 replies
We'd proceed through the BRRRR strategy the same as we would if using an HLM.
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31 January 2019 | 14 replies
When all is said and done: We will have four properties in our LLC,We will have a new cash-flowing rental property,The three mortgages on the existing properties in my husband’s name will be paid off, My husband will be able to borrow more mortgages in his name,We will have about $2300/month in cash flow from the four properties (rents minus blanket mortgage P&I + taxes + insurance),We will have about $10k in our pocket after all closing costs and expenses are paid.
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17 September 2018 | 20 replies
I need some advice on how I should proceed forward.
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12 October 2018 | 9 replies
You might not need it but it's like insurance - you wish you had it, when you needed it.
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18 September 2018 | 11 replies
In addition to have a loan officer, or broker, you will need to add to your team at a minimum such experts as GC's, insurance brokers, home inspectors, CPA, attorney.
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7 October 2018 | 3 replies
So based off this calculation I determined that my portfolio is strong enough to move on with my expansion plan into a new market.Business expenses as % of total expenses : 70% 1) Fixed Expenses: a)Monthly Mortgages: 45% b)Property Taxes: 18.7%c)Utilities Expenses: 14.8% d)Licenses & Insurance: 5.4% 2) Variable expense - Water bills + repair expense : 16% Personal Expense as % of total expenses: 30% My monthly living expensesa)Housing: 39.7% b)Child Care: 25.4%c)Living expense: 22.2% d) Food: 7.9 %e) Insurance: 4.8Income 1) Total Income - 100% A) Rental Income: 42% B) Wage income (W-2) : 26 % C) House Flipping Revenue: 23% D) Property Management Revenue: 5% E) Stocks/Dividends: 4% Please let me know if you would like help walking through this process as it has been super helpful to understand my financial situation or send you the spread sheet I used.
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14 September 2018 | 6 replies
Do you oversee large insurance claims, dealing with temporary housing for tenants when the house is unlivable?
29 September 2020 | 2 replies
I recently got into an accident with a driver that has no insurance, and I only have liability coverage.