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27 January 2025 | 5 replies
There are things you need to be aware of prior to going down that path, though
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20 January 2025 | 4 replies
This is obviously much better than $1,400 per month.On top of that, you will now get 2x the depreciation write-off so your taxes should go down.On top of that, you will now get 2x the appreciation when real estate price go up.On top of that, your tenants are helping you pay down the loan, initially at about $100/mo for both properties, which gradually gets better and better.On top of that, you now have more units so if one or two goes vacant, you have more renters covering the losses of the vacant units.If you want to keep these properties, I would do a cash-out refi and go buy more rental real estate.
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8 January 2025 | 1 reply
I used to own a large SFR management company I sold to Evernest in 2019 and I manage a Kroger SC and a set of retail condo suites for a client now but it isn't my thing.
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7 January 2025 | 16 replies
When we built up the triplex, we set it up so that each of the 11 rooms can be rented out individually (all BR, except 2, have their own bathroom behind an electronically locked door).
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9 January 2025 | 13 replies
@Leslie L Meneus you are trying to find a tribe of super freaks.Let me explain…Only 6% of Americans own one or more rental property.
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7 January 2025 | 22 replies
$100 a door doesn't help cover the unexpected repairs.
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29 January 2025 | 17 replies
@David Overcash I am sure we do know some of the same people.
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26 January 2025 | 48 replies
I am beachfront (all 4 listings are in the same building, same floor, next door to each other), some are listed as beachfront, others aren't.
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22 January 2025 | 22 replies
Fatal mistake to buy that on the forward curve.My recommendation would be to get out of this position; the STR is in an extremely oversaturated market and the underlying asset is a clone of many.
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8 February 2025 | 8 replies
Lots of good advice here already.