11 September 2018 | 42 replies
Sure looks to me like you made some big sacrifices for long term success... doubled your portfolio... in a year you'll have all your money back out... over $200/door cash flow... once you get your rents up where they should be it will increase as well.... for most on BP, the long game is the driving force.
16 September 2018 | 8 replies
They won't include any likely increase taxes.
12 September 2018 | 14 replies
I would strongly advise against getting the loan originated in your name, and then transferring it subsequently to the LLC.
7 September 2018 | 14 replies
LLC will increase your costs to operate as well as complicate your taxes and mortgage/financing.There is actually very little need for a LLC beyond physiological protection and for that reason you are probably better off not transferring at this point in time.
12 September 2018 | 36 replies
So in other words, all I'd be doing is locking more of my own money that I can't use into in the house, while subsequently decreasing my cash flow to get any of it back.
5 September 2018 | 2 replies
I added a vanity in master bath and increased kitchen square footage by pushing into a garage closet that was not needed.
8 September 2018 | 30 replies
It’s a 6.5 CAP. not the highest but the area is strong, long term lease with baked in increases.
10 September 2021 | 10 replies
I'm looking to build a relationship with a property mgmt company that has the same goals of increasing cash flow.
23 May 2019 | 10 replies
I want to purchase a small, first-time home for around $100k and slowly increase its value while using the rest of my profit for investment.
22 May 2019 | 20 replies
The upside is that we were able to raise the rents to $900 (and up incrementally ever since then) Now we are at $1100 per unit (4 years after purchase) and the building has increased in value to the point of being roughly double what we originally bought it for.