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20 January 2025 | 3 replies
If you can get all the bedbug containing furniture out of the place and it will sit for awhile (or let it sit while the other repairs are done) you may be able to avoid some cost, but if you want to get a paying tenant in sooner rather than later you will want to bite the bullet and get it well done.
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17 February 2025 | 7 replies
They are paying me rent directly.
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19 January 2025 | 4 replies
We don't allow any "deal-making" in the forums, which includes advertising your services or properties, looking for partners, etc.
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24 February 2025 | 2 replies
That is why a lot builders buy a few of their own homes and pay "all cash" after they are built to establish sold comps and set the market.If you have any questions feel free to reach out it can be tough trying to figure out the first few steps and what is required.
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15 January 2025 | 10 replies
See the illustration below (click to enlarge).Goals“If you don’t know where you are going, you might wind up someplace else.”
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19 February 2025 | 26 replies
The long hours and dedication will pay off as you learn the ropes and prepare for your first investment.
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6 February 2025 | 9 replies
Don't pay LLPAs and take the high interest rate?
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27 January 2025 | 6 replies
.: I just hired an architect to design and plans submit for ADU in my 8 multi unit to use the tuck under parking.Some people say do not try to be the general contractor as it will take way more time, costly mistakes and will be nearly impossible to manage with current work. best to hire a company that will do it all and cost about $250 per square foot.
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11 January 2025 | 4 replies
Most flat fee listings are willing to work with a buyer's agent and pay the buyer's agent commission.
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13 January 2025 | 2 replies
., Purchase Price: $475,000 ($197.9/sq. ft.).Estimated Market Value: $402,000 ($168/sq. ft.).Financing Terms: 2% interest rate, with a 9-year balloon.Unit B Income: $2,049/month (Section 8 tenant through November 2025).Unit A Income Potential: Similar rent or higher; Section 8 cap for the area is $3,234/month.Monthly Loan Payment (P+I): $1,386.Cash Flow Breakdown (if both units are rented at $2,049/month):Gross Rent: $4,098/month.Vacancy (10%): $410/month.Operating Expenses (37.3%): $1,376/month.Net Cash Flow: $943/month.Key QuestionsWould you be comfortable paying an 18% premium for financing at 2%, especially in a market where current mortgage rates are closer to 7%?