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4 March 2024 | 0 replies
As acquisitions have slowed, there is much more focus on the day-to-day, including a lot of chatter about OpEx and the biggest issue for most fans of the Southeast: insurance.
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4 March 2024 | 18 replies
I'm a new Buildium, but I chose it because a mentor of mine who is an excellent property manager runs her 60+ single-family rentals on the platform and uses it to handle all of her business accounting (including flips and investor disbursements).
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3 March 2024 | 1 reply
so most people will have to be as leveraged as possible to scale (at the beginning). as in, keep your LTV high and focus on buying 'as much' ($$) RE as possible. this is if you're doing a pretty run of the mill REI strategy like buy and hold. i came across an interesting guideline once: if you could sell today and net 7x+ your annual true net cashflow, you should cash-out/refi, or sell/1031. think of it this way: if your portfolio in a year is worth 1m market value, and you owe 600k, and have a lender that will do a portfolio loan at 80% ltv, you could cashout refi and get 200k to play with (minus closing costs). when you compare the now-lower cashflow from the existing portfolio (higher LTV & maybe different rate), to what you can do with 200k cash, THAT'S where it gets fun. maybe you lose 1k/mo in cashflow on the original portfolio (literally just made up a number, idk), but you can gain 2500/mo in cashflow with that 200k.. then doing the cashout/refi earned you a net increase in your monthly profit of 1500/mo, plus you're getting debt paydown and appreciation on "more" real estate, probably getting bigger tax benefits, etc.
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4 March 2024 | 1 reply
This includes the unintended consequences of chance occurrences.
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5 March 2024 | 34 replies
obviously you're not going to see the same tax benefits from a 401k as you will in real estate. so is the effective irr actually worse for a 30 year old to cash out a 100k 401k and invest it in an 8% real estate investment over 30 years when accounting for depreciation, appreciation ( let's call it 2% annualy) and actual cash return even if you include a 10k withdrawl hit?
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4 March 2024 | 6 replies
Would be great if you could share an update with the community :-) Hopefully none that included an expensive training on how to buy a piece of land and then resell it.
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5 March 2024 | 27 replies
My wife absolutely unpacks and puts all her stuff away and the suitcase goes in the closet till we are packing to leave.I just sometimes just live out of the suitcase and sometimes put my stuff away in drawers.On a side note since you are local to me I just bought a hoarder house that has antiques including dressers and chest of drawers.
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4 March 2024 | 17 replies
Instead of including the utility in the rent, give them a copy of the bill and make them pay half.
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4 March 2024 | 11 replies
I have a friend who lives in California but is licensed in many states including Puerto Rico to do mortgages with Sunwest.
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4 March 2024 | 6 replies
Sometimes that could also include providing a "certified pad" that the future building will be built on.