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28 December 2024 | 16 replies
Stick to the facts which have lead to the eviction that you can prove (rent was not paid), don’t waste the courts time with any other drama.
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29 December 2024 | 30 replies
As @Patrick Drury mentioned- the West Side does not have any POS areas (besides Lakewood, but it's only needed for previously non-owner occupied/rental properties) Something else to consider in Cleveland proper is Lead Safe Testing ..
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19 December 2024 | 2 replies
Here are a few additional ideas that have worked for me and others in competitive markets like Austin:Off-Market Leads from Contractors: I had a friend who rehabbed a house in North Austin last year.
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22 December 2024 | 8 replies
If you pay more, you won't meet your metrics and will probably have negative cashflow and/or equity.You may have to make 10, 20 or even 100 offers to get one accepted at the price that meets your numbers.This is what all investors did BEFORE the Great Real Estate Crash of 2008-2010.
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23 December 2024 | 15 replies
Institutional lenders will look at your non/short employement as a negative.
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27 December 2024 | 34 replies
I do not know him, but the path he is leading you is a difficult path Note difficult does not imply impossible; there are people who are successful with S8 housing In my area s8 is so undesirable that they write laws trying to make it challenging to not allow S8 tenants.
23 December 2024 | 9 replies
Even moving for work (not switching jobs) usually has a reasonable lead time.Yes, your other concerns are also valid.BTW, if I want to verify a bank statement, I ask them to bring it up on the app and show me.
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19 December 2024 | 2 replies
Per CoreLogic, only 1.8% of all mortgaged homes are in a negative equity position, and the average homeowner across the US has $311,000 in equity.If anyone has contradictory data, please share.
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25 December 2024 | 11 replies
If one or more units are vacant, the remaining units often don’t provide enough cash flow to cover expenses, making it harder to meet operating costs.Maintenance costs: A fourplex comes with four times the appliances, plumbing, HVAC systems, and other components to maintain, leading to significantly higher repair and maintenance expenses than single-family homes.If you want to see the detailed calculation, read this BP blog - More Units Doesn’t Mean More Money—Why a Single-Family Home Can Beat a Fourplex.Resale value: Multi-family properties have a limited buyer pool—mainly investors—who base their offers on CAP rates.
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26 December 2024 | 10 replies
@Federico Dallo you mentioning vacation-type locations leads me to guess that you may want to use the property yourself occassionlly?