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23 January 2025 | 5 replies
Get a house in a great neighborhood during the summer 2025 and sell my primary in spring 2026.
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22 January 2025 | 2 replies
First house, we are living in it while flipping.
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9 February 2025 | 3 replies
They should have and accounting department, maintenance department, leasing department, tenant relations, property manager, assistant property manager and legal (in house or 3rd party).
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2 January 2025 | 1 reply
We then purchased 2 houses for investment purposes.
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20 January 2025 | 62 replies
Everything is as promised if not better.There's a little bit issue on the final day but not entirely their mistake.Problem with all these previous negative feedback is always when buyer/seller doesn't know what they're doing.
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23 January 2025 | 2 replies
Usually in the year following your purchase, the property appraiser will reevaluate the house based on the new sales price.
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7 February 2025 | 5 replies
However, they approach financial health from different angles.The 50% Rule is a quick estimate that suggests operating expenses (excluding mortgage principal and interest) will roughly equal 50% of the property's gross income.The DSCR is a more precise calculation (Net Operating Income / Total Debt Service) that determines if a property generates enough income to cover its debt obligations.Deal example:- Class C middle class neighborhood- 4bd / 2ba single family house- ARV: 190k- Purchase: 105k- Rehab: 35k- Market rent: $1,400-1,525- Section 8: $1,475- Property manager: 10%- Taxes: 125 month- Insurance $1250 yr- HOA: $55 month- purchased and rehabbed with all cash.
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25 January 2025 | 6 replies
Leverage equity, explore house hacking, and continue learning through books, podcasts, and local networking to refine your strategy.
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4 February 2025 | 6 replies
I only have 1 property under my belt and am currently house hacking my SFH.
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25 January 2025 | 1 reply
I think this will even out your space in the house.