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9 June 2024 | 2 replies
We have shaken the trees as much as possible but from the Board of Commissioners, Director of Public Works, Manager of Building Dept to the assigned plan examiner, they have closed ranks on us and given us the boilerplate response of "you're in line, wait your turn."
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8 June 2024 | 7 replies
I plan on going to Magistrate to file for the eviction.
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10 June 2024 | 6 replies
Make sure property is “self supporting” meaning sufficient income to produce some cash flow after operating expenses and debt is paid.If one does that, they are set up for a profitable long term hold.If one invests in a prudent manner and is never in a position where they have to sell, they ultimately win.The top or bottom of a market is never known until 6 to 12 months after the fact.I’m a long term investor - my capital is patient.Here’s a question to ponder:If you could buy a property today for $1M, knowing it’s value would drop to $950,000 over the next year but would be worth $1.5M in 5 years, would you buy it today or hope to perfectly time the market and get at $950,000?
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9 June 2024 | 6 replies
All the comforts of home, and not that expensive...
9 June 2024 | 8 replies
The property cash flowed well and covered our expenses in 2021 and 2022 with short-term rentals and about 80-85% business use, but it did not rent as well in 2023 (oversaturated rental market, change in travel restrictions, weather etc...) and dropped to about 65% business use and a negative cash flow of about $15K.
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7 June 2024 | 10 replies
Also look down the road-do you plan on moving back or eventually sell the property?
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9 June 2024 | 3 replies
I would plan for 25-35% depending on whether or not credit has been established.
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10 June 2024 | 0 replies
The quick turnaround required precise coordination and efficient execution, highlighting the importance of strategic planning.
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10 June 2024 | 0 replies
The quick turnaround required precise coordination and efficient execution, underscoring the importance of strategic planning.
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10 June 2024 | 12 replies
It is possible, but harder to do and more expensive, once I move out of a house.