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25 November 2024 | 19 replies
Right now if they are doing work for you that is what you agreed to and you can try to negotiate if they aren't getting things done.
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22 November 2024 | 4 replies
And I hope to be ready to buy within 9 months (we are moving from LA) Agents that aren't keeping deals to themselves (or friends) are a rarity.
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25 November 2024 | 23 replies
Unless the contractor is a friend of yours, they aren't going to go to a house you aren't buying just to tell you how much something costs and if they did, it may not translate to the next home.
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26 November 2024 | 17 replies
While the LTV and rate aren’t perfect, it supports your scaling goals.
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24 November 2024 | 5 replies
Mixed-use continuation is best served if you have foot traffic there or if there may be local business who could use a storefront and there aren't a ton of other similar mixed-use options near by.If I was choosing, I like mixed-use better because it gives you a diversified investment inside of one investment.
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26 November 2024 | 46 replies
A lot of people realize later that they traded a steady, easy job with the weekends off for an unpredictable, annoying job that is 24/7.Remember that you aren't chasing financial freedom; you are chasing time freedom.
19 November 2024 | 28 replies
@Sharon McCants - I lean toward the advice from @Jonathan Greene on your question.Years ago, I made the mistake of forgoing quality for quantity, which led to headaches and a fundamental change in the way our company operated and in the way I personally invested.
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2 December 2024 | 33 replies
$12,000 in gross income, less $2,400 in expenses = $9,600 yearly return$9,600/$100,000 = 9.6% cash on cash returnFinanced:$20,000 down - financing $80,000 at 7%Monthly payment (P&I for 30 years) $532With Taxes & Insurance $732/monthNet income: $1000 - $732 = $268/month * 12 months = $3,212/year$3,212 / $20,000 = 16.08% Cash on Cash returnI would also point out that interest payments aren't really a negative on the financing side, because your tenant pays all the interest.
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20 November 2024 | 37 replies
It can still work, but focusing in and around your backyard is smarter as long as you don't rush to make a net negative deal which you aren't doing.If you are nearby, I would skip property management for a single-family home.
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21 November 2024 | 1 reply
There are also other large hospitals in that area too, so you aren't just relying on Mayo.