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31 August 2024 | 12 replies
Thanks in advance for patiently answering my question.PS: I don't have a CPA, and I'm in the process of getting one, but I wanted to get a frame of reference so I can roughly compare notes with anything my future CPA would propose.
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1 September 2024 | 1 reply
The Fed will be lowering rates so that should make investments a bit more attractive.
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1 September 2024 | 3 replies
When I calculate out the monthly mortgage for a house at this cost assuming a 300,000 downpayment, it would come to around 7450/month so I think 7000/ month is reasonable.
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31 August 2024 | 3 replies
@Mario MoralesCash-on-cash return measures the amount of cash flow relative to the amount of cash invested in a property investment and is calculated on a pre-tax basis.In theory if your rental income increases by X amount annually due to the rehab while holding your expenses constant so it directly increases your bottom line (cash flow), you can calculate the CoC return by inputting X/$45k (the cost).
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31 August 2024 | 10 replies
I’m a realtor and have completed a CRM on final build so based on a Comparative Market Analysis I would have instant equity upon completion of the build and could sell or refinance.
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1 September 2024 | 1 reply
I’m not sure where to start to build traction, so I’m looking for a little guidance and certainly aiming to expand my network.
31 August 2024 | 0 replies
I am in Alaska, the dark winters just aren't manageable for me anymore so I decide for mental health reasons its best to relocate.
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31 August 2024 | 6 replies
Both of these groups tend to want more business and so are not terribly hard to find.Contractors are hyper local, and typically, as a flipper, once I find some good ones, I don't share them with others because I don't want them to be too busy for my projects.
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31 August 2024 | 16 replies
If so, go ahead & file on your own.If you aren't comfortable filing your own, then file an extension and look for a new accountant after the deadline.
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1 September 2024 | 1 reply
Since then, I’ve invested over $500,000 more into the property, so I believe the current value should be around $11-12M.