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21 December 2024 | 10 replies
Taking the higher of the two, that's 52k in debt service for 12 months.
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20 December 2024 | 6 replies
I think 100 Mbps or higher is sufficient for general computer use and tv streaming.
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23 December 2024 | 0 replies
The overall inventory is higher due to the season.
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20 December 2024 | 1 reply
After a few candid conversations, they realized they could negotiate slightly higher rents by offering small improvments..things like better loading dock access or upgrading the security features..turning a so-so cash flow into something much healthier.When you break down your family friend’s situation, it might help to consider these angles:Selling and redeploying capitla could open up opportunities in markets where cash flow is a bit juicier.
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31 December 2024 | 66 replies
Now lets look at this way, say you've made several payments to this same contractor and he/she is only owed a small balance, now the chances of them skipping out on the tedious final work is much higher than if they are owed a majority of their balance.
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24 December 2024 | 4 replies
Hey Peter, thanks for the comment and the insight and you are absolutely correct about knowing what sells in your market, I see this happen with a lot of fix and flip projects that are just in the wrong areas, the investor gets the house for a good price however spends too much on repairs and adds a lot of luxury thinking that it will push the ARV significantly higher than the average in the area.
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21 December 2024 | 6 replies
They sold two appreciated duplexes in Dallas and we turned them into 8 units in Mesa, AZ with higher cash-flow, and much closer proximity to Southern California.I'll add to your Phoenix "pros" list:1) Landlord friendly rental rules2) Easy evictions in < 30 days3) Rents are rising faster (on a % basis) than many other metro areas4) Low property taxes (and the property taxes don't sky rocket after a purchase as they do in CA)5) Very low vacancy and extremely high tenant demand.
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21 December 2024 | 7 replies
At the same time, I am also using this opportunity to move that capital into an LLC, and would look to extra financing to purchase a new property or properties of equal or higher value (per 1031 exchange requirements).
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21 December 2024 | 14 replies
They typically require a higher down payment and come with slightly higher interest rates, but they streamline the process for investors with nontraditional income.Finally, for long-term scalability, you might want to connect with lenders specializing in expat or foreign income borrowers.
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23 December 2024 | 7 replies
Higher turnover rate of tenant2.