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4 February 2025 | 7 replies
I'm starting to acquire furnishings and am looking for a checklist of sorts to help keep myself organized as I seek the best deals on high quality goods to furnish our rental.
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5 February 2025 | 4 replies
Definitely a strong location with great visibility and high foot traffic.Since it’s a NNN, your expenses are minimal, but if LazyDog ever exits, buildout costs will depend on lease terms and the next tenant.
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14 January 2025 | 9 replies
In the past two years we have completed over a dozen flips, We are holding 20 rental units self managed and 2 self managed Air BnBs.
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21 January 2025 | 4 replies
Avoid any self-help eviction tactics like changing locks.Maintenance: As a landlord, you’re responsible for ensuring the property meets basic health and safety standards, including working plumbing, heating, and electrical systems.Inspections: While there are no mandatory inspections required before renting, your property should comply with building codes.
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31 January 2025 | 5 replies
Highly recommended.
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1 February 2025 | 9 replies
Coming from an area where rents are much lower (a 2-bed, 1-bath, 1,500 sqft rental averages $1,270/month), I was shocked by the high rental prices in Danbury.
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10 February 2025 | 5 replies
Since your property has high resale potential, some lenders may be willing to work with you.Cash-Out Refinance – If you’re open to refinancing, you could take out a new mortgage for a portion of the home’s value (say, 60-70% of the $500K), and use the cash difference for renovations.Personal Loan – If you have good credit, you might qualify for a personal loan for part of the rehab costs, though interest rates are typically higher than secured loans.Partner with an Investor – Given the potential profit, you may be able to find a real estate investor or contractor willing to finance the rehab in exchange for a share of the profits upon sale.Your best option depends on your financial standing, timeline, and risk tolerance.
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26 January 2025 | 17 replies
On a different journey I completed AJ Osbornes self storage program and thought it was very useful.
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4 February 2025 | 17 replies
Unemployment was high but I had savings and managed to find work.
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26 January 2025 | 15 replies
On the flip side, the margins aren’t quite as high as with rehab projects.