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16 November 2024 | 2 replies
There are several STR's on AiR B&B that do not abide this; are they likely operating outside of permits or does the county make exceptions?
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20 November 2024 | 22 replies
What is your skillset or time availability, what is your network currently like and do you need to improve that?
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22 November 2024 | 13 replies
But I agree with an above poster that $10 psf in tenant improvement seems low, unless you can find a turn-key tenant to occupy that will require very little renovation.In DFW, for 2nd generation spaces, I've seen LLs underwrite at about $25-35 psf in expected TI allowance (subject to the lease terms and tenant credit rating).
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17 November 2024 | 0 replies
🌞6️⃣ Rental Income Deductions: Earn income & deduct related expenses.7️⃣ Home Equity Loan Interest: Deduct interest if used to improve your home.8️⃣ Military Moving Expenses: Active-duty?
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21 November 2024 | 14 replies
For subdivisions, a civil engineer can help create plats and an improvement plan showing how utilities will be implemented.
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1 December 2024 | 377 replies
Its a great feeling to provide improved housing and providing jobs to other individuals who want to be their own boss.
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20 November 2024 | 18 replies
.- You can improve your search by only looking in R2+ zoned areas.- Will still be challenging to acquire a SFR at a low enough price to justify the cost of any conversion.Regarding Michigan property taxes, we have a one-page explanation document we'll share if you DM us. - The challenge in Detroit is that the city is "deliberately" keeping SEVs low to not scare investors away over property tax increases.
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19 November 2024 | 26 replies
So far, we have received this advise from appraisers in the Maple Heights area: 1) Attach all offers so the next appraiser can better understand the market value, 2) Provide a letter from the Maple Heights Building Department discussing the addition of the egress window making the bedroom conforming livable space, 3) provide comps for similar properties sold in the Maple Heights area (these do not have egress windows), and 4) create an itemized list of improvements and cost for renovations to the property.We are grateful to the Bigger Pockets community for their advice as well.
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21 November 2024 | 305 replies
I have my eye on a couple of small places that I am interested in for Air BnB.
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20 November 2024 | 19 replies
To start with rental properties, improve your credit score (aim for 620+), save for a 20-25% down payment, and educate yourself with books like Real Estate Investing for Dummies.Research your local market using Zillow and Rentometer.