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20 October 2024 | 14 replies
Andrew, honestly just keep going.You'll be worth 8 figures soon.Not many people love their jobs, but it puts food on the table and you are clearly good at it if you've been doing it so long.Use some extra income to start getting into RE investing.If you get a seller to carry 15% in 2nd position, you just need a 10% down payment.Its tough to do but everything in life takes sacrifice.
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14 October 2024 | 8 replies
I really liked the smaller size.
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18 October 2024 | 2 replies
From my findings, the two subdivided lots would comply with the requirements provided by the county:The minimum lot size is 1 acreThe minimum lot width is 135 feetThe front building setback is 60 feetThe side building setback is 20 feet (for corner lots it is 30 feet on the street side)The rear building setback is 60 feet
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21 October 2024 | 23 replies
I have a house that is a two bedroom one bath property with a decent size lot.
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18 October 2024 | 7 replies
You seem very green, I would highly suggest finding a property management company to do this for your while you learn the ropes and how things work.However, you can also get a copy of "The Book on Managing Rental Properties" by Brandon Turner, and get some really good information.The main one's to consider are:Background check - totally clear, or will you allow certain thingsEviction history - totally clear, or will you allow if no evictions for last xx yearsIncome Requirement - usually 3x the cost of rentCredit History - totally clear, or will you allow certain thingsPets - yes or no, size, type, number of pets allowed, extra pet deposit/feeAgain, I highly suggest a property manager to assist you with this.
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17 October 2024 | 2 replies
Hi Jamie, thank you.How do you target mid-size companies?
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16 October 2024 | 11 replies
Lets talk :) What type of unit size are you looking for - small duplexes/triplexes or more of large unit multis?
30 October 2024 | 94 replies
I am basically end up ina nice size apartment with yard for about $500 after top unit goes towards the mortgage.
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17 October 2024 | 14 replies
Typically a rule of thumb is with no experience and average credit you are looking at 15-20% down depending on the rehab size and complexity.
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15 October 2024 | 7 replies
To be successful right now in STR, you either need to go all out and beat everyone else on their table stakes (pickleball, basketball, game rooms, saunas, hot tubs, etc.) or you need to understand the market better than anyone and pick a niche for that market.Right now, you are one post in and just asking for someone to tell you anywhere in the United States to invest, which is silly.