26 June 2017 | 4 replies
James Bowie “Podio is great, but lots of maintenance/developing. “ Jonathan Ulyatt Pros: “Podio Lite is free up to 5 employee seats, up to 5 external teams”, used by over 400,000 for collaboration, mentioned several times on BP Cons: Need to build projects from scratch, not designed for real estate, CRM that you have to “code” to yourself (according to Lloyd Stanton)“In my experience there aren't a lot of CRM's that do everything.
10 July 2017 | 29 replies
Leveraged (25% down, which is $15,475)Gross rent each $750Debt service of about $242
6 July 2017 | 1 reply
James Bowie “Podio is great, but lots of maintenance/developing. “ Jonathan Ulyatt Pros: “Podio Lite is free up to 5 employee seats, up to 5 external teams”, used by over 400,000 for collaboration, mentioned several times on BP Cons: Need to build projects from scratch, not designed for real estate, CRM that you have to “code” to yourself (according to Lloyd Stanton)“In my experience there aren't a lot of CRM's that do everything.
7 July 2017 | 2 replies
Vacancy is just a period where you aren't receiving rent, either physically because the dwelling is empty, or worse, economic vacancy where someone is there but not paying.The tax forms -Sch E or Form 8825 if a partnership or LLC- only ask for gross rents received.
9 July 2017 | 2 replies
Gross revenue estimate for short term rental of this sort is 40k per year.
3 May 2017 | 5 replies
This is the same tax you pay as an employee (that your employer matches) so you're barking up the right tree when you question how your high salary impacts the flipping income.As @Natalie Kolodij rightly advises, flipping is almost always Self Employment Income.
17 May 2017 | 69 replies
I would not invest in states like New Mexico that have a gross receipts tax.
12 June 2017 | 8 replies
The MLS / Zillow listings tend to not have a lot of detail, for example type of heating and cooling is often vague, whether there's existing tenants isn't often stated (although if MLS has a "gross monthly rent" figure I'm assuming it is), and there's often only pictures from one of the two units so it's hard to tell what shape both units are in, or what their layouts, features, and amenities are.So that I'm not sending my agent to view every duplex in town (especially because I'd imagine the listing agent would have to find a time that both tenants agreed to), is there a way to more quickly weed in or out all these faceless duplexes?
20 June 2017 | 6 replies
So, in addition to the good tips others shared, advertise on your car and your friends/employees' cars?
27 May 2017 | 7 replies
Our currently yearly gross cash flow totals are(once this current property is finished with the renovation and rented out): $43,000.00-ish depending on some laundry income.