Julian Colon
Finding a good deal
11 February 2020 | 1 reply
If i wanted to purchase a property on a discounted price maybe through a foreclosure, how do i estimate rehab costs etc. in order to maximize my profits?
Nick B.
COVID-19 IRA withdrawal
28 April 2020 | 19 replies
You will end up paying tax on it, as a result.you will, as a result, deplete your retirement account and its tremendous potential for tax-free or tax-deferred growthConsequently, if you do pull your retirement money out, you better be sure that you can generate a better long-term investment results outside your retirement accounts than you could inside such accounts.
Jeff Purl
Where to get STR Furnishing
24 February 2021 | 26 replies
As for linen, I think costco is a great spot because it is good quality and you can get a bulk discount.
Bryan Blankenship
Property Management - What makes yours the best or the worst?
7 May 2020 | 8 replies
If you have a preferred vendor that you get discounts from or some financial incentive, just let me know.
Jay Axness
Seeking mulit-owner deal structure advice
23 May 2020 | 5 replies
My extended family had an opportunity to purchase it at a healthy discount to tax value from a long time friend/neighbor.
Rachel Kennedy
Flip Scenario: Over invested and now we need out
25 May 2020 | 10 replies
It doesn't look like there are any "margins" unless you sell it at a discount.
Mark Benevento
Purchasing duplex with 2 tenants / Want to get them out asap
3 June 2020 | 8 replies
That said, I'm likely to inherit a problem with a bank owned, occupied property, so time will tell if the huge discount was worth the headache...Andrew
Joe Cassandra
Understanding Mobile Parks (check this deal)
29 May 2020 | 12 replies
@Joe CassandraYep, that's generally how parks are valued - Lot Rent Stream as one separate valuation / POH as separate.In my spreadsheets, I separate the income / expenses for the two different portions.So if you're paying $2000 / mo to a maintenance man and he's spending 75% of his time fixing homes, then $1,500 is going to the POH side of things, and $500 to the Land Side.With the RTO stream, you can use a net present value formula, where you take all the anticipated cashflows, discount by 25% due to people bailing, etc, and then discount that income back to a rate you feel comfortable with (ie. 15%).That will give a theoretical value for those income streams.With POHs, here's what I've seen people do:Value based on what you can sell them for << more commonValue based on a gross rent multiplier, typically 1-3.
Ken Latchers
RV Rentals and the Temple of Doom
19 June 2020 | 10 replies
I got a large discount on this and I would never do it with a newer motorhome.
Elizabeth Chiang
Property Manager Fees
14 July 2020 | 3 replies
For people who use a property manager, how much are you typically paying for1) monthly management fee (flat rate or %)2) leasing fee (1 month rent or flat fee)3) surcharge for mainteanance (% of cost or flat fee)4) other additional fees (for billing back utilities, doing inspections, etc.)Have you gotten discounts if you own multiple properties and how many units did you have to have to get the discount?