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9 August 2024 | 8 replies
Do you have a family member or friend who's achieved what you want to achieve?
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9 August 2024 | 0 replies
Using the 50% rule (taxes, insurance, Capex, maintenance, vacancies, property-management), that should give us ~19K/month in pre-tax profits that achieves our 10k/month financial goal after-tax and adjusting for inflation.Our assumption is that building new-construction would reduce capex & maintenance the first few years.
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11 August 2024 | 49 replies
So presuming you are on the "add one rental a year plan" after maybe buying 4 with the money you have, I would think it would take a number of years to achieve that retirement goal - but your mileage could vary depending on how much income you need to live on.
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10 August 2024 | 10 replies
And, Side-X-Side is the hardest and rarest layout to achieve when converting from a SFH into a small-multi.
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12 August 2024 | 39 replies
Living in NYC, I see firsthand how rent control reduces the overall supply and quality of rental housing, which ultimately hurts everyone.I believe we need solutions that protect tenants without disincentivizing landlords.
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9 August 2024 | 5 replies
I know this firsthand.
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15 August 2024 | 86 replies
Highest ROI, especially in markets that appreciate faster than inflation, is achieved at highest leverage.
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8 August 2024 | 4 replies
These options allow them to control expenses better, attract similar tenants, and often achieve higher rents with lower costs.I believe there is a promising market for purpose-built attached single-family homes for rent in Worcester.
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9 August 2024 | 20 replies
Do you have first hand experiences with them?
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9 August 2024 | 18 replies
•Financing challenges: Extracting equity and taking on new mortgages require careful financial management to avoid over-leveraging.My Questions 1.Do you think this plan is realistic and achievable?