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2 November 2024 | 64 replies
Stick the wood to the floor, apply pressure with your foot and hammer it into place.
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1 November 2024 | 18 replies
In retrospect, some yellow flags found by the property manager during the tenant screening are now bright red flashing sirens, but the tenant showed decent credit, had a positive previous landlord reference, wrote a charming cover letter in his application, and applied through the referral of a reputable real estate agent.
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31 October 2024 | 9 replies
Consider maybe doing a HELOC instead if you're looking for other deals to buy - this will let you keep the house and the current very low interest rate compared to today's rates but also free up working capital to apply elsewhere.
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1 November 2024 | 9 replies
The saying "if it looks like a duck and sounds like a duck, it's a duck" .. well yea that applies to HOW YOU SELL YOUR PROGRAM.
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31 October 2024 | 8 replies
I can see through DOM the contrast between those struggles and the lease ups of the better located single families in the area.I cant say with certainty this applies across the entire city but what’s known is the fact people are getting married and starting families later in life than in the past, young people have more debt than ever before thanks to student loans, the cost of buying ahome has never been higher & most families decide to move to the suburbs when they have school aged children.
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31 October 2024 | 12 replies
Column G - expected cash flow for total number of units at $100 per unit per monthColumn H - down payment need to acquire the new units at 30% downColumn I - adjusts how much down you would need assuming you saved the cash flow from the previous year and applied it to the current year's acquisitions.
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30 October 2024 | 12 replies
They can do some repair to an old roof, then apply a plant based spray to the entire roof to replace the oils in the shingles that the sun has baked out over time.
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29 October 2024 | 24 replies
The renovation budget can be artificially inflated so you can have a "cash pillow" for maintenance or anything else really.The conventional loan for purchase and rehab is the most commonly used by investorsIf you have a company it is also possible to apply for loans but it is necessary to have at least 6 months of activity.
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30 October 2024 | 12 replies
If your local law allows it, see what everyone else is doing and go by the norm. 3 months rent is a substantial amount for some, but really helps ensure the financial quality of a tenant.Sometimes I have immigrants who apply who work their tails off and can't afford the 3 months up front.
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27 October 2024 | 2 replies
Unless your first rental is 10+ units that law does not currently apply to you!