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24 December 2024 | 9 replies
Hey Andre,If you are up for it, I would highly recommend buying a home that you can do renovations on to force equity!
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28 December 2024 | 5 replies
Meaning you may be able to do some cosmetic or smaller renovations like bathrooms or kitchens in your duplex when the tenants turn over and those smaller investments can demand higher rents, so in the longterm you may have more cashflow from the duplex to help fund a future investment in another property while you wait for market conditions to change.
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30 December 2024 | 24 replies
Some people love the larger companies and some people prefer the smaller ones.
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30 December 2024 | 15 replies
Some people may think it is those with below market rents but i question if this is true as these tenants will now get max allowed rent increases Would they have gotten such large rent increases in the absence of rent control.
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9 January 2025 | 107 replies
You do that then you could have a lot of cash available to finance your next purchase and perhaps renovation costs as well.
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30 December 2024 | 12 replies
To me, signing a broad exclusivity agreement kills your bubble; you're now cut off from every other agent's network.Of course, it has to be worth the agent's while to bring you a deal over someone else, so try and offer something of value like a finder's fee or, if you're flipping, the right to list the renovated house with the agent.
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8 January 2025 | 38 replies
. $295 in the winter if the heat is running the blower motor(s) all day could be justified for a larger 6-unit building but I'd have to see the historical elec charges to know.
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26 December 2024 | 5 replies
Feel free to inquire about their staff qualifications if it's a larger organization.2.
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28 December 2024 | 11 replies
Also, consider this copy & paste advice below:Recommend you first figure out the property Class you want to invest in, THEN figure out the corresponding location to invest in.Property Class will typically dictate the Class of tenant you get, which greatly IMPACTS rental income stability and property maintenance/damage by tenants.If you apply Class A assumptions to a Class B or C purchase, your expectations won’t be met and it may be a financial disaster.If you buy/renovate a Class A property in Class D area, what quality of tenant will you get?
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5 January 2025 | 24 replies
Leverage magnifies return. 3) The effort involved in adding an ADU is comparable or larger than a rehab associated with a BRRRR.