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15 October 2024 | 5 replies
It's just one extra manual step I wish I didn't have to do and I wish I could just post a link on my rental ads.Otherwise overall, no complaints, I've enjoyed using it and plan to continue using it in the future
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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.
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14 October 2024 | 3 replies
That way, you’ll have control over the operation and might be able to squeeze in a few extra bookings to pad your numbers.
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15 October 2024 | 21 replies
I just need a little extra help with the next steps and figuring out all of the details needed to make it happen.I would like to close on a deal by the end of this year, using either my VA loan or an FHA loan to house hack.
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13 October 2024 | 11 replies
So you don’t get to pocked all of the extra.
15 October 2024 | 8 replies
As for the move-in fee versus security deposit issue, many landlords prefer security deposits for better protection, despite the extra steps required in Illinois.
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12 October 2024 | 6 replies
Those might make good rentals...but also there can be extra costs...see if they are in PIDs/PUDs or MUDs that add significant cost to the monthly payment...maybe $100-$200 extra a month.Also $2500 sounds high on rent to me for 1800sqft....I would think more like around $2000/month, but haven't looked in that area lately.I do like Forney....one issue is I don't think there are good demand drivers there.
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12 October 2024 | 13 replies
My rental has a lot of extra space outside around the house to consider doing a ADU build and create additional rental income.
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14 October 2024 | 2 replies
Otherwise, look at side jobs you can do to earn extra money.
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16 October 2024 | 32 replies
As an extra level of protection You could try and save up a few months of what the potential mortgage will be to give you peace of mind.