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10 March 2024 | 20 replies
When things were going downhill they went into my Trello and my google drive and copied all my business data out (including data that was for another business not landflipping).
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11 March 2024 | 8 replies
To ensure clarity and security, I will include the following language: “The sale of this property is contingent upon the current occupant vacating within 14 days of the ratified agreement.
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12 March 2024 | 168 replies
@Craig J Chelette it's hard but not impossible :) I just closed on a duplex in June for 300k (in Provo) , put 10% down with no PMI.mortgage, taxes and insurance $16073% vacancy (vacancy is almost nonexistent in Provo but I wanted to be conservative) $695% repairs (bought the home with everything remodeled) $1158% cap ex $184I did not include PM because I will be managing it myself BUT every property from here on out that I analyze will include 9% PM.$50 other expenses (google fiber)gross monthly rent $2300 (1400 up and 900 down)cash flow $274.39 with a CoC return of 9.27%My realtor found it on KSL - it wasn't even listed on the MLS.
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10 March 2024 | 3 replies
As part of my current situation, a nice lead generating platform is included in my MLS dues so I would like to keep that.
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9 March 2024 | 8 replies
Another week to collect security deposits, review applications, and place tenant is another $21 per month lost.If the price had simply been reduced by $50 per month after a week with no applications, you've essentially broken even.
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9 March 2024 | 11 replies
I reside in Minnesota, and do not see anything that prohibits from having tenants sign an addendum but maybe some people can weigh in on this and if its a good idea to include or not?
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9 March 2024 | 26 replies
Adding that extra unit will reduce your risk since you are adding another income stream to a property you already own.
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11 March 2024 | 36 replies
Rental income finances everything in all of them including all the custom upgrades and upkeep done mostly by hired hands.
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8 March 2024 | 44 replies
Reduce the price $25 per month but don't change your screening criteria.