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28 November 2024 | 10 replies
Streamlined Financing: By using multiple properties as collateral, borrowers can consolidate loans and simplify their financing arrangements, making it easier to manage payments.4.
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2 December 2024 | 33 replies
I personally think a 8% to 10% cash on cash return is hard to achieve right now.It is easier if you are talking about overall return(Cash on cash plus appreciation).I normally aim for 4% cash on cash and 4% appreciation annually.Furthermore, using financing makes it harder to achieve higher cash on cash returns because in most markets, the interest rate is higher than the rate of return.Best of luck
25 November 2024 | 11 replies
Your property management should send you pretty clear reports at the end of the year so as to obviate your need for such.If you have more than 3 units and self manage I suggest software - especially if you are considering expanding.I find Stessa usefulI also use buildium but not incredibly thrilled with it.
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26 November 2024 | 14 replies
There are strategies that you can utilize here that can make it easier as well.
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28 November 2024 | 8 replies
I’m starting to look into other states that have an easier barrier to entry which brings me to PA.
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1 December 2024 | 134 replies
It is much easier when you can at least see the inside.Hahaha about the animals.
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1 December 2024 | 21 replies
That would be an easier first climb.
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25 November 2024 | 2 replies
It's far easier to find better deals off-market, and I'd recommend putting your focus there.
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26 November 2024 | 12 replies
Once you're more secure, it’ll be easier to plan for growing that portfolio.
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26 November 2024 | 35 replies
Will be far easier to purchase more property with 10% downpayments vs 20-25% for each one.Umbrella insurance isn't too expensive, $2M for $1200 per year.Just be sure to run the properties as a good business, address any concerns brought up by the insurance company (they usually do annual inspections).