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11 February 2025 | 29 replies
It has had higher appreciation than nearby towns since the pandemic and you should be cash flow neutral or slightly positive day one as a long-term rental with a 20% downpayment.Note that zillow and other websites greatly understate your property taxes.
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29 January 2025 | 18 replies
Is BP a hot spot for high volume wholesalers?
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18 January 2025 | 2 replies
I also like contractors that have packets that allow you to pick out the stuff that you want to use for that project, which reduces the quality control process..
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10 February 2025 | 3 replies
Just a different takeNow this is not to sayPS - those houses that were priced way too high and languish?
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19 February 2025 | 32 replies
Some general pros v cons - I'm sure other people will provide other insights as wellPros: -Above market rents- Monthly rent payment on time that you don't have to worry about or chase anyone down for (if full pay)- No shortage of tenants depending on your standards - Tenants are incentivized to not trash/destroy the unit, otherwise they'll lose their voucher (Yearly inspections made by local S8 inspectors to keep everyone honest- Rental payouts are normally adjusted 1-2 times a year to keep up with market rentsCons:- May take a little while to get onboarded - dealing with local govt can always take longer than expected - Generally won't have a super high credit score (to be expected given it's the govt paying for rent)- Each unit will need to be inspected and meet a certain living standard in order to be approved for fundingYou'll want to make sure you work with a property manager who has extensive experience in working with S8.
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4 February 2025 | 7 replies
another issue it is about 18 months wait to get a Cabin started due to high demand for builder.
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12 February 2025 | 17 replies
If they have an occupancy of 9, is the nightly rate high enough that it would make sense?
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28 January 2025 | 5 replies
You also need UX, support, quality, a million other things.
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2 March 2025 | 12 replies
Especially since I made it clear up front I'd like to keep my depreciation line high for addbacks.
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24 January 2025 | 2 replies
These qualities are far more valuable than the numbers in your bank account.7.Set clear goals.