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Results (10,000+)
Alfonso Hernandez Securing Your Lease against break-ins
7 February 2024 | 2 replies
I also go to the neighbors and introduce myself, leave a card and let them know what's going on. 
Andrea Beard Anyone wholesaling small to medium sized businesses
8 February 2024 | 11 replies
If you get to the point of wanting to seriously consider introducing business brokerage to the BP community, I would be happy to try to answer any questions you may have.  
Adam Rose Short term rental (preferably beachfront condo) investment PCB
8 February 2024 | 18 replies
I'll DM you and introduce you if you like.  
John Worm Buying our first AIRBNB property
6 February 2024 | 1 reply
Hi Everyone,Just wanted to say HI and introduce myself.
Cory Babb Long time lurker!
6 February 2024 | 0 replies
Next steps says introduce to a group.
Mark Polo Greenslade Introduction: Mark Greenslade retired military
6 February 2024 | 5 replies
Good day, introducing myself to the community.  
Trish Brown New member introduction
6 February 2024 | 5 replies
Hello all, I am happy to introduce myself.
Harold Cherrix Has anyone used Wealthability CPA Services
6 February 2024 | 6 replies
Would you like me to introduce you to him, see if it is viable for you?
Florence Sullivan WealthAbility Team as tax strategist - Worth It?
6 February 2024 | 7 replies
A few weeks after paying the $25k, we set up our first meeting with our assigned CPA and started the so-called “advanced tax courses” provided, which are generic modules that only vaguely introduce financial concepts, topics, and terminology.
Tony Pellettieri Our 3rd Investment Property - Which Exit strategy?
5 February 2024 | 9 replies
Let's break things down, hopefully, I am understanding everything correctly...Exit Strategy 1: Full Rehab and Rent IncreasePros:Higher ARV (After Repair Value): This strategy could potentially increase the property's value to $126,000, allowing for a higher cash-out refinance amount.Higher Rent: After the completion of the Scope of Work (SOW), the rent could be raised to $1,000, generating more monthly revenue.Long-Term Value: Completing a full rehab could increase the property's long-term value and appeal, making it more competitive in the market.Cons:Higher Initial Investment: The SOW budget is significantly higher at $15,750, requiring more cash upfront.Vacancy Risk: Asking the current renters to vacate for the rehab introduces the risk of vacancy and lost rental income during the renovation period.Longer Timeline: The rehab process and finding new tenants could extend the timeline before the property starts generating its anticipated cash flow.Exit Strategy 2: Minimal Repairs and Keeping Current RentersPros:Lower Initial Investment: With a SOW budget of just $2,500, this strategy requires less cash upfront.Quicker Turnaround: Completing minimal repairs and keeping the current tenants can significantly shorten the timeline to start generating cash flow.Reduced Vacancy Risk: By allowing the current tenants to stay, the property continues to generate income, avoiding the risks associated with vacancy.Cons:Lower ARV: This strategy results in a lower ARV of $110,000, which affects the cash-out refinance amount.Lower Rent Increase: The rent increase to $900 is less than what could be achieved with a full rehab.Future Repair Costs: Minimal repairs might not address all the property's needs, potentially leading to higher maintenance costs down the line.Financial Analysis:Cash Flow Considerations: Both strategies provide positive cash flow before reserves, with Strategy 1 generating $160 and Strategy 2 generating $148 monthly.