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10 December 2024 | 25 replies
I wouldn't let anyone tell you not to do it in 2024 unless you simply don't want to.
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7 December 2024 | 9 replies
Solid 2-4 unit properties are so scarce in these areas (~21 sales in last 12 mo between the 2), the market simply doesn't allow a buyer with a low downpayment to enjoy any "income" out of the gate.
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4 December 2024 | 7 replies
If so, you may choose to simply add it to the lease as being damaged at move-in so the tenant doesn't get charged for it when they leave.
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2 December 2024 | 6 replies
If you elect a PPP shorter than 2-3 years in most cases, the lender is simply going to collect that fee A) upfront as points rather than as a PPP, or B) with yield, meaning a much higher rate.
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5 December 2024 | 6 replies
(no waiting period to simply refi what is owed) DSCR programs are not purchased by Fannie/Freddie so they can set their own rules and some have a waiting period as short as 3 months.
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10 December 2024 | 25 replies
Personally I'm not a fan of syndications simply because there is absolutely 0 say so and what you can and can't do.
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5 December 2024 | 11 replies
I purchased my first two multi-unit properties using data and they've doubled in value in 5 years simply because my metric was population growth and movement. 3.
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2 December 2024 | 3 replies
I would have talked to them BEFORE cancelling the painter and given them the option of which way to go, but since you already cancelled the painter I would simply charge them prorated rent for the 5 days until the painting is complete and deduct that from their deposit.
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2 December 2024 | 10 replies
I simply take a picture, text it to the tenant and they add the payment to their next month’s rent payment.
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29 November 2024 | 7 replies
The warranty and service has also been lacking.