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25 February 2024 | 1 reply
Make sure you verify all correct numbers for whatever deals you are putting together (arv, projected rents, and projected expenses).
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26 February 2024 | 4 replies
The problems I see are:Rent is a low percentage of the house value, so not optimal use of this equity/capital.Property taxes are high due to the higher house valueMy costs would be a baseline of $2700+800 = $3500 plus maintenance, unoccupancy, etc. so basically breaking even cash flow for 12 yearsIf/when we sell it, we'll owe capital gains tax since we wouldn't have a "new" house to 1031 into.
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26 February 2024 | 42 replies
Basically we're on the verge of putting it back on the LTR market but we managed to get a 30 day stay all of November through Airbnb.
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25 February 2024 | 3 replies
I’m a handyman and I work with a few rental properties and do some projects that range to the small stuff like hanging doors, repair trim and drywall to new flooring installs, painting, appliance repair, yard work and repairing your usual leaky faucet..The issue I’m having currently is I have just gotten into contact a couple days ago about a flooring job.
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26 February 2024 | 50 replies
Of course there are nuances like everything regulated by the IRS but like I said it's basically not that hard to stay in compliance.
26 February 2024 | 10 replies
May be it's worth evaluating your existing portfolio to see if there are any underperforming assets to sell and reallocate the capital to new projects?
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25 February 2024 | 13 replies
Currently I'm studying for my CFP exam but I am still finding time to practice some of the basics like property analysis and even from the financial planning side trying to do some extra study on financial planning for real estate investors.
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25 February 2024 | 3 replies
It should return basic economic and demographic data but rental data, SFR data per zip codes is a pretty niche area of the internet.Big proptech data companies have some of that but it’s sparse.
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24 February 2024 | 11 replies
I only looked at two projects in Jacksonville, the Western Way quads and the Jammes Road quads.
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27 February 2024 | 43 replies
That's one of the most basic of expectations.