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11 January 2025 | 11 replies
Here are the numbers:IncomeTotalPartner ContributionsManaging Partners Debt$0.00Partners Deposits$987,459.99Total Contributions$987,459.99Operating IncomeAirbnb Income$50,186.50Square Income (Vehicles or add-ons)$6,741.04Total Operating Income$56,927.54Total Income$1,044,387.53ExpensesPurchase of propertyCost of House-680,000.00Closing Costs-$26,744.44Total Cost of Purchase-706,744.44Set Up ExpensesHouse Improvements & Care taker home addition-116017.03Adding Tiny House-52130.83Furnishings-68403.65Vehicles-43150Set Up Costs and Advertising-2339.53Total Cost of Set Up-282,041.04Operating expensesCare Takers-14535.9Additional Cleaners-1505Cleaning Supplies-2670House Supplies-1340Landscaping-4230.66Utilities (Power & Water)-8204Internet-315Pest control/fumigacion -120Pool cleaning/maintenance-2220Vehicle Gas-552.3Vehicle Maintenance and Repairs-6625.01Welcome Food for Guests-115Property Repairs-4999.64Bank Fees-1208.06Accounting Fees-1085Insurance-955.74Other Expenses-1071.2Total Operating Costs -$51,752.51Total Expenses-$1,040,537.99Net Income$3,849.54Net Operating Income$5,175.03Now 5k for an investment of 970k is not a good investment.
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9 January 2025 | 46 replies
I'm not stating that it's inherently wrong, but aspects of it have gotten out of control.
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7 January 2025 | 4 replies
With so much out of our control with military orders, we were fortunate.
6 January 2025 | 1 reply
Leverage is a big factor in real estate investing, as investors can control large assets with relatively small down payments, increasing their potential returns (and risks).6.
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8 January 2025 | 13 replies
It provided loss of use coverage and high liability limits but at less than 50% the cost of the quote I got from Proper.
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2 January 2025 | 2 replies
- Value add - How much does it cost to convert Non-climate controlled units to climate controlled units?
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4 January 2025 | 0 replies
This event is free but has very limited seating and we are limited to the first 50 to RSVP!
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15 January 2025 | 34 replies
In my limited thinking as a note investor, I’m not sure why that would be happening.Here’s why I say that.
12 January 2025 | 10 replies
Otherwise, you may be limited to doing deals that are less than or equal to the equity in your home, and miss out on some bigger opportunities.That said, fix-and-flip loans will have higher fees and interest rates than most HELOC's.
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13 January 2025 | 15 replies
This will allow you to take on bigger deals with your cash on hand.LTC is a ratio with the potential to limit your loan amount.