Rae Chris
Advise on first flip, loans, contractors
18 December 2024 | 7 replies
You will truly be raising the clock, as each day will cost you very significant money. 12% interest on $250k is $2500/mo, or about $80 per day in interest, not including your other carrying costs (utilities, property taxes, insurance, HOA).
Angelo Llamas
Tax breaks for a rental breaking even
19 December 2024 | 12 replies
You might be referring to income / expenses that are reflected by cash.Cash you receive from rentsExpenses that you pay out such as insurance, interest, taxes, etc.You may not have included depreciation expense which would bring your taxable income down further.It may be possible that the negative taxable income would bring your taxable income down.
Don M.
First time with new construction: Cape Coral, FL
20 January 2025 | 204 replies
I was quoting pool prices for my clients several years ago at approximately $40K (basic package 12'X24' including screen enclosure and paver deck) and then they doubled and more after COVID.
Bob Avery
New Twin Cities Investor Looking for Advice Getting Started
16 December 2024 | 7 replies
I have included snippets of your message and my replies or comments in bold.What investor meetups I should attend- BP rules prevent posting outside events/meetups here.
Andres Felipe Alba Hernandez
Can convenants of the neigborhood restrict STR? on Single Family Home NO hoa
12 December 2024 | 6 replies
@Andres Felipe Alba Hernandez Yes, neighborhood covenants can sometimes restrict certain activities, including short-term rentals (STRs) or renting out parts of a home, even in areas without a Homeowners Association (HOA).
Carl Reza
No clue what to do first!
23 December 2024 | 10 replies
However, financial freedom isn’t a one-time event; it’s about sustaining your desired lifestyle for the rest of your life.Once you have your goals, the next decision is where to invest.Investment Market/CityThe investment city determines all long-term income characteristics, including whether rents rise fast enough to outpace inflation and how long your income will last.Understanding inflation: It takes more dollars to buy the same goods every time you go to the store.
David Martoyan
Finding Undervalued Deals in Today’s Market
14 December 2024 | 2 replies
That does not even include the one or two deals that happen daily or weekly between realtors who know the buyer/seller and make a deal happen as almost an off-market deal.
Saul Clavijo
Multi family investing
16 December 2024 | 8 replies
that we’ve learned in our 24 years, managing almost 700 doors across the Metro Detroit area, including almost 100 S8 leases.
Stacy Banks
Need my morgage put back on my credit report..
13 December 2024 | 6 replies
Many include them constantly.
John Williams
Downside of the 1% rule...
23 December 2024 | 34 replies
If you sell, you pay closing costs, commissions, taxes (including depreciation recapture), etc.