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9 October 2024 | 39 replies
Have you managed to find reliable cleaners and contractors?
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8 October 2024 | 14 replies
One thing is certain and that's a lack of reliable and quality housekeepers.
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9 October 2024 | 9 replies
Inspect for any rot or damage periodically, and replace or repair sections as needed to maintain its condition.Potential Upgrades / Considerations:Security:Enhance security with robust locks, a video doorbell, and exterior lighting.
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7 October 2024 | 8 replies
Hind sight I probably wouldn't have but now it's fairly locked with them for a while, which is fine.
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7 October 2024 | 38 replies
I just got a 4.99% rate but it is a 3 year lock 30 year amortization or a 5.25% 1 year interest only.
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8 October 2024 | 4 replies
Reliable local contacts, like property managers and contractors, can make or break an out-of-state investment.Happy to send some resources about the market if you want to reach out.Best,Travis
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9 October 2024 | 10 replies
A cash out refi you have to start paying for right away and you are locked in for X amount of years unless you pay it off.
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9 October 2024 | 23 replies
The key is understanding the neighborhoods and building a reliable team on the ground, but if you're willing to do the homework, Detroit can be a great market for long-term investment.Feel free to reach out if you want more info on Detroit or need help deciding on an area!
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7 October 2024 | 4 replies
Locking in such a low rate means more cash flow if you rent it out, even with your HOA and property management costs factored in.Let’s tackle this using your numbers:Current Rent: $2,950/monthAnnual Tax, Insurance, HOA: $7,000Mortgage (principal + interest): Roughly $20,832/yearWithout even factoring in maintenance or vacancy costs, you’re likely cash flow positive.
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5 October 2024 | 6 replies
I'm looking for an experienced and reliable CPA in Jacksonville, Florida who knows real estate investing finance well.