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28 December 2024 | 8 replies
They are far more common now and harder to find models without but:1) these add cost to the purchase price2) they don't bring a lot of value3) they can leak or detach and damage the propertyI own around 50 doors and I cap off the line at the wall or in the basement with a valve and a cap so the potential for leaks is 0.00001% :-)
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2 January 2025 | 3 replies
I’m unsure what kind of notice I need to give them—does it work the same way as residential leases, requiring a 120-day notice?
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6 January 2025 | 57 replies
Suman, like the all too common vast majority, is using incomplete math, and as is said "garbage in - garbage out".
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6 January 2025 | 8 replies
What kind of tenants do you have?
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1 January 2025 | 7 replies
Buyers could look at a DSCR loan which does take into account the revenue from the rent but it doesn't count towards the value of the property.Now, buyers could look at a business loan of some kind but I am not sure they would qualify if it is only one property and even then, the value is mostly in the property and not the possible revenue.
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7 January 2025 | 20 replies
If you decide to take this kind of route, it's still very important to go in with a secure plan and also have at least 6 months of reserves.
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8 January 2025 | 13 replies
:D Thanks so much for the kind words.
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7 January 2025 | 22 replies
It's going to vary depending on your own income outside of investments, your age, your ultimate goals, whether you want/need the income to live off of, and all kinds of other considerations.
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2 January 2025 | 8 replies
What kind of partnerships are you looking for?
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5 January 2025 | 17 replies
Your lender definitely should be able to count the 75%- I'm in Arlington and would be happy to connect you with my awesome lender who has been able to do all kinds of creative options to get to yes for me.