19 November 2024 | 28 replies
@Sharon McCants Yup around the 100-150k/unit mark can get you into a solid B area here that'll hit the 1% rule in most cases.
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10 November 2024 | 2 replies
Any rule of thumb to use while analyzing?
13 November 2024 | 5 replies
County, but are you within the 1 or 2 mile radius of the city and have to follow their rules?
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11 November 2024 | 9 replies
They will know setback rules, road widths required, easement documentation for road and utilities, postal box and bus stop.
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15 November 2024 | 9 replies
Now most of these I am keeping as rentals as they exceed the 2% YES 2% Rule, 75k rent 1700, 90k rent 2k, all in 230k (7 unit) rent 55k.Good luck to you
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12 November 2024 | 1 reply
It's probably because I'm new, but I thought staying away from places with only one industry, high crime, and low income was the rule of thumb.What am I missing?
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13 November 2024 | 4 replies
Good call on looking into rental restrictions early — many condos have strict rules, which could limit your options if you plan to rent it out later.
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14 November 2024 | 40 replies
Here are some things to look out for to help you know who to take advice from when you are just starting out:(Note: There are exceptions to every rule.
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13 November 2024 | 7 replies
We're still seeing deals that hit the 1% rule, have positive cash flow, and lots of potential for appreciation.
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13 November 2024 | 15 replies
Does this mean they're technically violating lending rules/regulations by not informing the lender that the property will be sourced as a rent-by-the-room asset?