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10 February 2025 | 6 replies
@Ryan Fox some great info here, but while you are correct that a service member assuming a VA loan restores eligibility to the initial veteran, making the deal more attractive, it is not strictly true that a veteran can only have one VA loan.
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10 February 2025 | 9 replies
I work with a lot of househackers and they're typically on the 12 month cycle, rinse and repeat.While the proposition of acquiring an investment property outside of your market in a "landlord friendly" state may sound appealing, i would recommend you stay local for now and househack another couple of properties over the next few years until you've got some more time / experience under your belt.you would need a management company to cover your property that is outside of your market which would not only take 8-10% of your gross it would also leave you a bit vulnerable to a property management company that you A.)know nothing about and B.)you won't have the experience or cashflow or proximity to deal with any headaches that may arise.i would recommend staying local and househacking your way along for now and then maybe hire a local property management company initially to work with your current/local properties to get a taste of what to expect if and when you begin investing outside of your market.
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13 February 2025 | 3 replies
Owning locally has helped me accumulate considerable equity with a relatively low initial investment.
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12 February 2025 | 12 replies
I have individual spreadsheets for each property that I used in my initial analysis for purchasing the asset of course, but I'd love to see everything all together now with real-time numbers.Where can I find something like this?
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9 February 2025 | 4 replies
I think initially it makes sense to find properties that already have finished basements, in-law suites, etc. as converting those spaces to ADUs will be inexpensive and create a significant amount of rental income ($2,000/month+ in most areas close to the city).
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15 February 2025 | 7 replies
The best time to request a background check is after you’ve done an initial screening but before committing to a lease.
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4 February 2025 | 10 replies
I'll be looking for long term rentals that don't need any major repairs initially.
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3 February 2025 | 15 replies
Quote from @Mark Sullivan: Quote from @Tim Delaney: One missing piece of info here is how much cash you have available to invest at the moment.My initial thought was sell LLC B and hopefully you have a few hundred thousand available on top of that to buy the new building.
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21 February 2025 | 14 replies
My initial plan had been to do something like Rent-to-Retirement or REI Nation- assuming that I'd be leaving money on the table to pay for their expertise, but hoping that I would learn through the process and develop the confidence to strike out on my own later.
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11 February 2025 | 4 replies
In terms of creative ideas, you could look into leveraging that construction experience and partnering on a deal to ease the initial capital need.