4 October 2024 | 7 replies
Obviously there won't be any 100% "safe" tenants, no matter how much vetting you do, a job loss etc. could always happen to anybody... but I feel like having one at all simply shows that they didn't prioritize keeping a roof over their head for one reason or another, among other issues.Everything else from that post, if I am referencing the same one, seems fine to me.
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7 October 2024 | 35 replies
Owners are risking financial loss, lawsuits from neighbors and serious fines if they live in HOA's.My neighbor rented his beautiful townhouse in the Los Angeles area using this company.
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3 October 2024 | 7 replies
But I am also having a lot of booked guests concerned about their upcoming stays because of the two storms currently brewing.I've thought of self-insuring but I've been able to find policies with good coverage that also cover the loss of income.
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4 October 2024 | 35 replies
I listed it for sale, I need to cut my losses.
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4 October 2024 | 8 replies
If your expenses associated with the rented portion exceed the income, you may have a tax benefit if you are eligible to deduct passive rental losses from your other sources of income.
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2 October 2024 | 8 replies
It's just gonna be peppered in with more stretches of loss.
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3 October 2024 | 3 replies
It was not uncommon that they bought some of the worst houses (weird layout, dated, much deferred maintenance) in the nicest neighborhoods and then would try to relist them as-is to make a profit before ending up having to do the actual work required to the property for it to sell again, selling at a loss, or maybe making a little bit of money in transaction fees.
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3 October 2024 | 15 replies
Make sure you have cash reserves for 6 months , steady w2 job if things go south and do not plan unnecessary big ticket items until you stabilizeI have known people start with 40 k and used it to fund flips and work their way up and get Business Line Of Credit for 200 K in 2 years and after that of course it is very easy
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2 October 2024 | 9 replies
Or should I cut my losses, sell it now, and look to invest in something else later?
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30 September 2024 | 47 replies
I had to rely on my new real estate agent to find another contractor, adding unnecessary stress to the process.The deal I was presented with had an ARV of $120,000, but after the rehab, the appraisal came in at only $92,000, leaving me short by $28,000.