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14 November 2024 | 21 replies
I own a stabilized, class C portfolio of 200 or so single family rentals here that I self manage.
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8 November 2024 | 10 replies
Even when you stumble across the limited exceptions, you should always have sufficient reserves in place before purchasing real estate.
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11 November 2024 | 4 replies
We had more partners (beneficiaries) on that one, and it ended up being two individuals, an LLC, and a Self Directed IRA (SDIRA), each with percentages of the whole.
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11 November 2024 | 13 replies
Here are the numbers I know so far:Rents4 units all currently occupied on one year leases- #1: 1/1 $995 monthly- #2: 1/1 $995 monthly- #3: 1/1 $995 monthly- #4: 2/1 $1,100 monthly- Gross rents: $4,085 monthlyExpenses- $12,070 taxes annually- $350 monthly insurance (my estimate, they have liability only right now)- $175 monthly landscaping- $120 water (electrical on separate meters, tenant pays)- Total expenses: $1,651 monthlyNOI around $2,434 before vacancy, maintenance, and management (although i would likely self-manage these)Property needs about $50K in other repairs and udpates from what I can see.
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6 November 2024 | 5 replies
In my case, I have residential rentals in one LLC, commercial properties in another, self storage in a third, and my real estate company operates in a fourth.
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3 November 2024 | 24 replies
Third-have they joined the Families for Self Sufficiency (FSS) program?
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7 November 2024 | 10 replies
I’m in the process of searching for land in the Houston area to then build a 4-plex on it.The plan is to self-fund the purchase & construction, rent the units and cash out with a mortage.I like the idea of serving lower income families and therefore don’t shy away from section 8.This is the first time I do something like this, so I’m throwing it out there in hopes of hearing your thoughts and learning from your experience!
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9 November 2024 | 5 replies
I will be self-managing this first rental, so I have wondered what the best way is to make sure the softener is regularly salted.
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3 November 2024 | 15 replies
However if you're only managing for yourself, not others, it would probably be sufficient.
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8 November 2024 | 5 replies
Is this process pretty self explanatory if I just follow the correct steps?