26 June 2020 | 9 replies
With the recent virus situation with so many people losing their job, it prompted me to revisit a long-term strategy that will move me away from being 100% dependent on my employment income.
10 June 2020 | 5 replies
If you can get an extra $100 but lose 2 months of $800, the math doesn't pencil (for cash flow, not for valuation purposes).
10 June 2020 | 40 replies
I hope for your sake, you also don’t lose your deal.Lending is a business best built on relationships.
26 June 2020 | 16 replies
You can get low-boys that are about 40 gallons so you don't really lose any capacity.
9 June 2020 | 4 replies
You are better off running the RV park as a long term rentals.When you convert you will probably lose 2 RV spaces for 1 MH space.
11 August 2020 | 19 replies
Maybe it's the COVID stay at home that's made me lose my drive, but I have found it again in other areas.
15 June 2020 | 7 replies
Your $200k rehab likely will cost higher than your estimate - unless you really have a lot of experience in this; Housing market has higher chance to lose 10% value vs. gain of 10% in the next 12 months due to the recession; not sure if your profit included brokerage cost or other holding cost.For units next to beach, I assume you plan to do STR.
9 June 2020 | 13 replies
You're not gaining anything...you are in fact losing money every time you dip into your pocket and write that check.
9 June 2020 | 7 replies
In the not so good case, you are going to lose money—hopefully not all your money.
9 June 2020 | 4 replies
The rent covers the mortgage, insurance, and HOA, but after paying for property management fees I am losing ~$200 per month, and have little for CapEx, vacancy, and repairs, although it is newly remodeled.Based on my research I know that it is not smart to rely on property value appreciation to justify the negative cash flow, so I have researched ways to try to improve my cash flow:Increasing rent is not an optionProperty management is necessary as I live out of the countryRefinancing doesn't seem very advantageous, my mortgage is a 30 yr fixed rate at 4.375% and the rates in Denver only look slightly below that for attached homesRecasting the mortgage seems like a decent optionUsing this calculator it looks like I could go from Principal and Interest of $1,541.79 down to $1,317.05, for a monthly reduction of $224.74, achieving a slight cash flow positive, if I invest $40,000.