Flavia Vangelotti
Cash flow rental or a place for your parent?- Financial Advisor help?
6 June 2024 | 21 replies
We have enough capital now to purchase a property and and we are blessed to have capital left over every month as well, which we typically invest in CDs.Here are our current options: 1-Buy a turnkey place that has nothing to do with mom for cash flow of $200-300/month plus potential appreciation, overall ROI of 15-20% 2- Ask mom if she would move closer to us in San Diego, buy a small place here, have zero cashflow but at least we have another property in a great appreciating market and are no longer spending the $800 on her rent3- Buy a place for her in Orlando, same scenario as above but obviously a lesser mortgage since its FL and not CAWe found a great turnkey company we liked so if we do option one I think we will use them, but it just feels like if we do that we will still be tossing away what we currently pay on her rent.
Tiffany Tan
Seeking Advice on Property Manager Issues and Termination Process
5 June 2024 | 7 replies
- We work with our owner clients to figure out what's best for their individual property.Have you asked for a list of the websites they are advertising your property on?
Chinmay Patel
Cash out Refi on a BRRR
7 June 2024 | 8 replies
Hello I recently rehabbed a sf and now I have a tenant paying $1200 per month.
Joseph Lombard
Should i use a HELOC
6 June 2024 | 3 replies
just be cautious when it comes to using these. ensure you've got a plan to pay that balance back in a relatively quick fashion as most HELOC rates can fluctuate which could make the numbers suddenly not work. i've leveraged mine in instances where i'm doing a BRRR and i want the deposit for a private money loan. i'm not using it as my downpayment and leaving it out there for a long period of time.
Account Closed
Tenant received DCA payment after arrears agreement
6 June 2024 | 0 replies
Recap: Tenant didn't pay rent for a few months, and we ended up in court, agreeing to a 12 month arrears payment (per courts).Today tenant received a DCA EPP Payment for 6 months into the future (May->Oct).
Michael Plaks
Caution story: Cost segregation done WRONG
4 June 2024 | 10 replies
And you need a trustworthy cost segregation provider.With permission from my client, I am sharing a story how a very well known cost segregation provider recently destroyed that trust.My client bought a multifamily property and did extensive renovations to it.
Gordon Vaughn
The Best Kept Secret For Bidding On HUD Homes
5 June 2024 | 274 replies
Christopher B.I have a list of clients, but there are opportunities for more people to bid.
Sam Zawatsky
Tenant Owes Rent- What should I do?
6 June 2024 | 3 replies
They owe me $1300, and I feel like they are trying to get by and just leave without paying me the rent that they owe.
Sean Gammons
Wichita Kansas Market hard to find a deal
7 June 2024 | 5 replies
I just got one last month that had been on the market for awhile and after moving out it's around 13% when estimating 10% Vacancy and 10% management fee, both of which I won't be paying on for a bit.
Gary Alford
Using the EB-5 immigrant investor program to fund major projects?
6 June 2024 | 6 replies
Not only do you have to pay lawyers but you also have to pay an economist to write a report, pay the licensor and the list goes on.