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31 December 2024 | 66 replies
Typically, this gets the subs moving at a much faster pace, as who doesn't want that Friday payday check!!!
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31 December 2024 | 9 replies
i agree that a new purchase at 75% equity will typically not have significant cash flow and may even be negative when properly allocating for all expenses.Investing to max equity without reserves is risky and you indicate would result in stress.
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27 December 2024 | 34 replies
3) Dealing with Contractors: guess you found it's not as easy as the "gurus" make it out to be. 4) S8 slightly above.guarateed Rents: typical naive mistake.
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26 December 2024 | 7 replies
Studies typically cost $3,000–$5,000 but affordable DIY options (around $400–$500) exist for simpler properties.
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26 December 2024 | 18 replies
The sales comparison approach is typically done for residential real estate and will be less appropriate and come in under value because there are no good comps, and even an appraisal using the income approach (unless the appraiser is trained to do more complex commercial appraisals) is probably not going to be the most accurate either because they typically use market cap rates and in this case you don’t have good comparable income properties to find the market cap for the analysis.
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25 December 2024 | 10 replies
I acknowledged his concerns but was unable to resolve the issue.Since the tenant moved in, I have experienced escalating issues with his behavior, including:Lease Violations:Moving items without permission (furniture, safe, carpet cleaner, TV from his room to another tenant's room).Accumulating boxes in the garage, potentially exceeding the agreed-upon storage space.Installing a security camera in the common living area, which is a direct violation of the lease agreement.Failure to submit a work order for alleged issues with the smart lock, as required by the lease agreement.Behavioral Issues:Aggressive and confrontational communication.Unfounded accusations and personal attacks.Refusal to communicate through agreed-upon channels.Loud and disruptive late-night behavior (banging on the door, kicking the door) due to alleged difficulties with the smart lock, often accompanied by profanity.Harassment of my son, the designated on-site property manager, by making disparaging remarks about me and refusing to cooperate with him.Potential for Neighborhood Disruption: The tenant's late-night outbursts have the potential to disturb neighbors, although no formal complaints have been received.Unreasonable Demands: The tenant unreasonably demands advance notice of my access to the property for storage purposes, despite the prior agreement and my right to access common areas and my own storage spaces.Safety Concerns:While the tenant has not directly threatened us, his actions, including the harassment of my son, have created a concerning and unsafe environment for my son and me.Goal:My ultimate goal at this point is to evict the tenant due to his ongoing lease violations, concerning behavior, the harassment of my son, and the potential for neighborhood disruption.Questions:1.
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29 December 2024 | 8 replies
@Austin TessMany lenders have a seasoning period (typically 6-12 months) before you can refinance.
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5 January 2025 | 12 replies
Do you typically reevaluate your current returns based on the net equity you have in your properties?
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27 December 2024 | 18 replies
.: I'll have to look into this I typically contribute the max to a IRA then do a backdoor conversion to a Roth IRA.
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27 December 2024 | 2 replies
For us we all typically use 0% business credit cards to furnish the property which can amount to $40-$60k+ depending on how crazy you go.