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5 January 2025 | 18 replies
Adding value to a property and then either selling or refinancing to pull your capital out is a solid way to build momentum, especially if you're okay breaking even on rental income.
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3 January 2025 | 5 replies
Do you know if a roof that was replaced due to an insurance payout can be added to the basis?
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1 January 2025 | 12 replies
I'm fine with doing some minor fixes and improvements to a property: Adding overhead lighting/fans, better flooring, maybe redoing a main bathroom.
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2 January 2025 | 11 replies
It wasn’t how I wanted to kick things off, but I worked with a contractor to get the bathroom fixed and functional.Once that was behind me, I focused on improving the building and maximizing income:I installed a shared washer and dryer for the tenants, a major upgrade that added convenience and increased the property’s value.I rented out the two garage parking spaces, bringing in consistent revenue.I also raised rents for the second- and third-floor tenants I inherited to be just below market-rate.
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4 January 2025 | 7 replies
Have 3 loans to refinance in the next few years and DSCR's are added to the option list.
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2 January 2025 | 10 replies
I just had her sign a new lease adding her boyfriend who she is alleged fighting with that starts 1/1/25 so If there is going to be a major issue id like to handle it ASAP before that lease would start. i received the messages at 2am and have not responded to him. 1.
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2 January 2025 | 1 reply
Our first purchases were ones that we lived in and added value while we learned.
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6 January 2025 | 25 replies
While I believe that breed-specific legislation is wrong, I also believe that, if you own a controversial breed, then you need to be an extra-responsible owner.
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8 January 2025 | 10 replies
The other thing that was nice is that you can pay the loan back as soon as possible but they didn't allow extra payments.
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4 January 2025 | 5 replies
It may not be a bad idea to also be added to a MLS search to receive any new build listings.