
25 March 2012 | 10 replies
It turned out ok since the actual home I bought was a bit bigger and nicer and made a great profit.

24 July 2017 | 19 replies
I'm in central ma, and the rental market here is very very very profitable.

8 November 2011 | 4 replies
property management ~ 1400 (~10%)vacancy ~ 1200 (~8% with good niche market of students)Debt service w/PMI assume 4%, 30 year fixed = 590x12 = 7080Total expenses w/ debt service = 14,330Total yearly profit = $2470CoCR@1500 = 86%CoCR@1400 = 61% (pm/va values changed to reflect rental price)CoCR@1300 = 40% CoCR@1200 = 17%I have two questions regarding this deal.1) Are my estimates for expenses ballpark for your average house of this nature2) Does this deal make sense to do in light of the fact that my investment options are somewhat restricted by my requirement for a move-in-ready-homestead?

21 November 2011 | 18 replies
The reason for the S-corp Election is if you have two or more member and would like to take in some of the profits as a distribution rather than wages.

8 November 2011 | 2 replies
Your goal should be to follow the profit, not search for a notch to your belt.

11 November 2011 | 38 replies
My thought, or hope, is that if the area is composed of good construction and a good location (by location I mean proximity to down town or some other place people need to be at-not locations as in "this is a nice neighborhood")then property prices will at least keep pace with inflation and probably do better if the area is currently depressed (undervalued).I am not going to wait for the profits from my first house to buy my next house.

16 December 2011 | 8 replies
The profits have been small really but the homes have also been small ones, a relatively quick turn around and sale.I have 4 rentals as well and I am moving away from that to fix and flip.Send me a personal message if you wish to talk.

12 November 2011 | 21 replies
Meaning when I go buy a car I don't look at the paint job.A paint job is just small money and some gloss on the tires.I focus on the expensive items like the bones of the vehicle.So with a house I know which items are cheap to fix and which items are expensive and I also know if the repair they are claiming was made when trying to sell to me is correct or it was done improperly and will fail soon and will need to be redone completely.You can try to find another manager but if you have a little house where the manager only make 60 bucks a month etc. there is not much money to be had for the grief involved.I just hope you didn't overpay for this property and expect to try to unrealistically cut repairs to now maintain a profit margin.That won't work and will eventually hurt you upon resale of the property with deferred maintenance.A number one mistake I see is over paying and then grasping at anything to cut costs.

4 July 2017 | 53 replies
Assuming you decide to keep a property under the option to lease option and hold onto it for whatever reason ( maybe to exercise the option later for a profit on the back end) if the TB doesn't exercise it.2.

21 November 2011 | 12 replies
One thing weighing on my decision are taxes.If a single-member LLC owns a property, rehabs it, and sells it, are the profits deemed "business income" or "capital gains"?