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4 February 2025 | 1 reply
Our goal is to be able to use either some type of software or spreadsheets to continue to build off of and help dial in our costs as we begin to hire more contractors for our team.
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29 January 2025 | 3 replies
Quote from @Jeff Sanders: Personally coming from an agent/investor in CA, I always get a quote from a broker of mine and make sure I am knowledgeable with the fees/costs.
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3 February 2025 | 47 replies
Anything you do remote will come at a cost of operational inefficiencies and a higher cost of doing business.
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5 February 2025 | 10 replies
.$8,000 would likely go away in closing costs.
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20 February 2025 | 2 replies
Renting out your current home could provide steady income, helping offset the new property's costs.
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29 January 2025 | 23 replies
Even with renovation costs and insurance costs the fix n flips are still making money.
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2 February 2025 | 9 replies
So if I do a good analysis of the property (including all the costs) and the property generates monthly CF with a DSCR above 1.1, I would be removing a big risk because the numbers add up.
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10 February 2025 | 1 reply
Understand the fees involved and calculate the total cost for an entire year of management so you can compare the different managers.
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14 January 2025 | 11 replies
Hre are the key things to knowWhat you are bidding on - often oddball properties that are hard to identify and have little value are auctioned offThe true as is value of the property, The tax assessment can be way higher or way lower than the true as is valueThe local laws and how they affet your total costs and returns
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20 February 2025 | 4 replies
If the trust gifts you the property, it retains the original cost basis, potentially leading to high capital gains taxes upon sale.