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6 November 2024 | 1 reply
**Proactive Steps**: - **Prepare for Inspection**: Ensure the property is in excellent condition, with all necessary safety items in place (e.g., smoke detectors, proper handrails).
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10 November 2024 | 3 replies
Basically, the higher the ROI you want, the more riskier properties you'll be forced to target.
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12 November 2024 | 15 replies
I also thought of renters as people who are basically poor and can't buy a home. 15 years later I think that's funny.You can look up demographics, but I don't think it will give you the clarity you are looking for.
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13 November 2024 | 17 replies
That is your interest cost basically.
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12 November 2024 | 11 replies
It’s flexible and can help you fund deals quickly.Lease Options: Similar to “rent-to-own,” you control a property with minimal upfront costs and can potentially get a cut of the appreciation if you decide to buy it later.Lines of Credit: If you already own a property with equity, a HELOC or business line of credit can give you accessible funds for down payments or renovation costs.House Hacking: This might sound basic, but if you haven’t tried it, it can be a fast track to building up rental income and experience without a ton of cash down.
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11 November 2024 | 16 replies
I basically do the same thing and specifically tell them not to worry about bedding.
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6 November 2024 | 12 replies
Sometimes it might be better to leave some money in the deal to get a better cash flow and provide a little more of a safety net.I hope that helps.
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8 November 2024 | 31 replies
Some are basically renting out bed space and require tenants to sign an agreement to stay clean, and be tested upon request, with failing the test potentially leading to immediate eviction.
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11 November 2024 | 19 replies
Basic cable is often only about $65/month and in my opinion is much cheaper than 3-4 streaming platforms.
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11 November 2024 | 12 replies
I understand you were basically asking a hypothetical.