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16 October 2024 | 5 replies
Breaking free from that mindset is liberating!
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15 October 2024 | 3 replies
Do you have any clauses in the lease about cleanliness that they are breaking?
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16 October 2024 | 7 replies
How will tax benefits break down?
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15 October 2024 | 5 replies
It sounds like you've put a lot of work into this renovation.First, let's break down your options:### Selling the Property- You've estimated a potential profit of $58k, which is a significant return on your investment.- Selling now would give you immediate cash to reinvest or use for other purposes.### Renting the Property- With a projected rent of $1450, you need to calculate the Debt Service Coverage Ratio (DSCR) to ensure it's viable
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15 October 2024 | 3 replies
From what gathered when I spoke to the investor agent I have there, most STR candidates on the retail market were only breaking even.
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11 October 2024 | 7 replies
After way too much frustration, I decided to switch property managers, but the process has been a nightmare. The old property management company said they needed 45 days to close out my account. They did send me the f...
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17 October 2024 | 20 replies
They likely hit up agents with their spread sheets breaking down everything trying to convey to the agent they know it all-- they know nothing.
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9 October 2024 | 2 replies
A lead can come in at the most unexpected times, and how quickly you respond can make or break a deal.
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14 October 2024 | 4 replies
I would like to have at least a couple properties before moving out of state that will at minimum break-even on cash flow as a LTR with property management long-distance.Other info:Looking to move out on Memphis with my wife in the next 2-4 yearsLooking to start a family in the next year or soComfortably have ~50k ready to invest sitting in HYSA, excluding Cash reservesHave an extra ~$70k in stocksMost interested in A- to C+ neighborhoodsI currently own & live in a 2/1.5 Condo locally (3.5% interest rate)Not allowed to rent it outHOA fees have risen to where PITI + HOA = $1100/mo.Have ~$100k trapped equity, good zip code I could sell quicklyOption A: Purchase another primary home locally I could live in for 2 years (lower interest rate), with intention of eventually converting it to LTR when I move out of state.
15 October 2024 | 3 replies
There are networking breaks, and timebefore-and-after the meeting to converse.Google either of those to find out more details.There are other pop-up and recurring meet ups, butthese are my go-to's to get you started.