Belinda M.
With 200k cash should i pay off my rental property or buy more?
31 August 2019 | 27 replies
Here's an example what I mean when I say your profit comes after you recover your costs (cash you put in):Property Terms: Purchase Price = $100kOption #1: Buy all cash1 - Cash in (cost to you) = $100k2 - Cash Flow = $10k/year3 - Years to full recover of cash/cost = 104 - Profit during years 1 - 10 = $05 - Next purchase using same Option Method (all cash) = Year 11 = 2 properties ($20k cf)6 - Next purchase using same Option Method (all cash) = Year 16 = 3 properties ($30k cf)Option #2: Buy $20k DP; finance $80kcash1 - Cash in (cost to you) = $20k2 - Cash Flow = $5k/year3 - Years to full recover of cash/cost = 44 - Profit during years 1 - 10 = $30k (last 6 yrs)5 - Next purchase using same Option Method (20% DP) = year 5. ...if you buy a new property every time you accumulate $20k in CF for the DP (and add $5k in new cf/property)...6 - In year 16 (when the other Option has 3 properties and $30k CF/year) this option would have = 17 properties and $85k in cf/yr)7 - In year 21, this Option would have 53 properties and $265k in cf/yr...if they continued buying new properties using the same Method.
Neal Weinstein
SubTo in LLC
5 November 2023 | 24 replies
Our little sidebar here is totally appropriate for the whole Sub-to conversation BUT is a bit of a distraction from the original poster's intent.
Nick M.
Lease clauses concerning COVID/Acts of God
5 July 2020 | 0 replies
Hello,Hope this message finds you in good health.Curious, what if any lease clause(s) have you put in your new leases to protect your interests as property owners with respect to COVID/Acts of GodThanks
Shawna Hilton
How To Best Find New Clients as a PM?
22 May 2020 | 6 replies
This certainly has worked, but the time put in is huge for the returns.
Scott Trench
Helping Family Members Cash Flow a Bad Situation
28 May 2020 | 4 replies
This has proven difficult, and they've been denied due to a lack of income.2) My friend has the means to put in place a mortgage on the property personally.
Jonathan Scheeler
Trying to start...wheels are spinning - Thoughts?
13 May 2020 | 3 replies
We have put in a couple offers, but that was the only one on that property.
Josiah Tombley
Where are you getting your Wood Flooring For Rentals?
8 May 2020 | 3 replies
I loved it as they would often put down a rug on top of it, further protecting my floors.What you put in should match your market.
Richard Murdock
Average labor only cost for kitchen sink install
12 August 2019 | 5 replies
Originally, the guy who put in the sink epoxied the sink to the underside of the counter and skimped on the clamps.
Daniel Pitner
Building a Buy and Hold Empire
10 January 2020 | 27 replies
I focus on places that need work and i put in the blood/sweat/tears.
Ronnie Mossotti
Nightmare demanding tenants- advice
22 December 2019 | 17 replies
maybe take this time to rip out the carpet and put in something better.. most folks I know after a while remove all carpet anyways..