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16 October 2024 | 13 replies
Maybe its the sense of security..
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11 October 2024 | 2 replies
Before the hurricane hit, I reminded the tenant to secure trampoline.
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14 October 2024 | 14 replies
Networking can provide valuable insights and opportunities.7) Get Pre-Approved for Financing: If you plan to buy property, secure financing by getting pre-approved for a mortgage or exploring other funding options.8) Start Small: Consider beginning with a smaller property or investment, such as a single-family home or a small multi-family unit, to minimize risk.9) Conduct Due Diligence: When you find a property of interest, perform thorough inspections, research the title, and assess potential for appreciation and cash flow.10) Take Action: Once you're ready, make an offer and start your real estate journey.
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11 October 2024 | 10 replies
The implications of taking money from a retirement account(if not Roth) is that the distribution will be considered income and potentially subject to a 10% penalty.In my opinion, real estate investments and securities within a retirement account are used towards your later years.So it doesn't matter whether it is in one bucket or the other.If you are subject to the 10% penalty, I would only take out a distribution if you strongly beleive your return from real estate will be several percentage points higher than what you can invest in with your IRA.For example, if your return within the IRA is about 8% and you can make 10% in real estate, I would consider doing the distribution because the extra return will pay off the penalty over a few years.Best of luck
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11 October 2024 | 7 replies
Mortgage: A legal document outlining a loan secured by the property.
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12 October 2024 | 16 replies
Market ConsiderationsWhile current rates may fluctuate, the ability to secure 6.375% now might be a rare opportunity, especially given the overall uncertainty in interest rate markets.
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10 October 2024 | 6 replies
Either have them start sending you their rent or find a new PMC ASAP.Once you have that issue resolved, you can focus on any missing rents and security deposit.When did the broker stop sponsoring your PM?
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12 October 2024 | 8 replies
We rarely have issues with animals causing damage and less than 1% of all pet owners cause more damage than the security deposit will cover.Pet owners pay more and stay longer.
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11 October 2024 | 3 replies
I’m looking for some guidance on my next steps toward achieving financial freedom through real estate.My long-term goal is to acquire enough rental properties to secure my financial future.
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10 October 2024 | 19 replies
If so then the seller is in breach if tenants or squatters are in the property.2.