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9 May 2024 | 8 replies
The cheapest/simplest way I would recommend is using Excel spreadsheet.
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12 May 2024 | 21 replies
When I sell/ flip I actually provide a " warranty" if there is a major issue, I will cover the cost.
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11 May 2024 | 3 replies
Charge what it costs, but I agree try to find something that is less expensive (eg $50).
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11 May 2024 | 25 replies
That house will rent for less than $3,000 a month so you'll have nothing left to set aside for vacancies, property management, etc.Learn how to crunch numbers, then work with a professional that can help you understand the true costs of a market.
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11 May 2024 | 10 replies
Then you can reinvest w/no 1031 stress.The step-up in basis provision adjusts the value, or “cost basis,” of an inherited asset (stocks, bonds, real estate, etc.) when it is passed on, after death.
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8 May 2024 | 13 replies
The goal is highest rent for lowest investment cost and lowest maintenance.
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11 May 2024 | 7 replies
Which would effectively reduce finance cost.And allows for other options such as offered by ROCusa.org (Resident Owned Communities).https://rocusa.org/whats-a-roc/what-is-a-roc-how-is-it-diffe...Together these options allow the residence to keep their costs within their own control, and continue to live where they are.
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8 May 2024 | 1 reply
The cheapest premium for an occupied property is now around $4,300.
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11 May 2024 | 1 reply
It will end up costing you unless you're already a skilled contractor type individual.Get to know your neighbors that maybe around your property, especially if you're in a HOA situation where there's a mix of STRs and residential properties.
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12 May 2024 | 18 replies
Property is cheap and the numbers look good on paper, but I think reality hits a lot of people like a sledgehammer with turnover costs, vacancies, problematic renters, maintenance, etc.