Djawene Magniba
New member from Worcester
5 March 2024 | 5 replies
Particularly be sure to include your goals for real estate investing so that folks can help you. 2) Follow your favorite forum topics and set up keyword alerts!
Omosalewa Aderonmu
Google Sheet Rental Property Calculator
5 March 2024 | 25 replies
Some people don't include the repairs in the first year Cash on Cash return however, not sure what the BP one does.You can look at your 'stabilized' cash on cash as well using ProForma numbers and estimating the rent and expense growth over the next X number of years.
Andreas Mueller
Warning! - Don’t Get Screwed by a Shiesty Contractor. How to avoid it, and more!
6 March 2024 | 2 replies
Includes 3 parts.
Bubba McCants
Potential Real Estate Investments
5 March 2024 | 5 replies
We buy, fix, flip and manage and leave no stone unturned when looking for deals.We negotiate hard, buy with cash and close quickly.Gotta buy cheap in order to make margin but still deliver a turnkey property to investor at fair market value.I've always believed in "making money when you buy and not when you sell".So it's important to buy cheap.A strategy that I always tell all of our buyers when investing is to always "underestimate income and overestimate expenses".If you think it won't happen to you, it will and you can't go wrong including a margin of safety when predicting expenses.I hope that helps 👍
Lotta Rozenson
bonus depreciation tax write off
5 March 2024 | 10 replies
Participation in actively managing the property, in addition to other factors, changes whether or not losses from a rental (losses that may include bonus depreciation) can be used to offset non-passive income (W-2, 1099, etc). ...
Patrick Philip
Buyer financed new construction
4 March 2024 | 3 replies
As the owner of the land and the builder, would I be able to include all my expected profits with the cost of the land and then build "at cost?"
Brendan M Brown
Starting out; Disgruntled
5 March 2024 | 70 replies
I will bet I can send you some great deal, but you won't have the ability to know they are deals because you don't have the experience to do the math.The biggest problem both new and experienced investors have is nobody watches our backs because everyone has their own agenda and the greed more money.What you need is to do is; rather than banging your head against a concrete wall, post the properties you are looking at, write as much detail about each property as you can including rehab costs, rental income, how much you can increase rents and then let people give you their opinions and advice.Here is a serious problem with people who own their own business and then we wonder why some people are successful and why some are not.
Corinne Faivre
Hold or sell?
4 March 2024 | 6 replies
Either I rent it and self manage to recoup some of the past loss and start making money right away with the possibility of tenants trashing it or sell and lose more money on realtor commission and closing cost or find a cash buyer at the right price?
Ademola Dawodu
Evicting a tenant from a multifamily unit that I intend to occupy
4 March 2024 | 5 replies
@Ademola DawoduThe process to evict a tenant from a unit in Los Angeles when you are purchasing a 2-4 unit multifamily property depends on various factors, including the terms of the existing lease agreement, local and state laws, and the reason for eviction.In general, if you plan to occupy the unit yourself, you may be able to use the "owner-move-in" eviction process.
Troy Smith
Investing in Akron/Canton area
5 March 2024 | 14 replies
I know many that have purchased many in Cleveland / Akron never using a realtor, including myself