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7 March 2024 | 5 replies
Please share any great data sources you have found or tips on evaluating areas.My 1-year goal is to purchase 3 multi-family properties, with 8 to 40 units, at least $5000/month of initial cash flow, and some opportunities to improve operations and increase cash flow.I am hoping to forge alliances with like-minded investors to fund Win-Win deals.I am so excited that I have officially started my RE Investing journey!
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6 March 2024 | 5 replies
Before you quit your W2, you'll want to make sure your rentals are making enough on paper to replace that other income.Once you quit your W2 job, you'll officially be considered self employed by lenders and the important thing to keep in mind is that we can only count your NET income.My advice is chat with a CPA who can help you structure your income properly and try and do it 2 years prior to quitting your W2 job.
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6 March 2024 | 8 replies
If they do not like the price, you can then show them your justification for the price compared to what they think they can get for it.If the city has officially condemned the building, they would not be able to live in it at all until it is repaired.
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7 March 2024 | 11 replies
You could even do a separate addendum stating only the employee will officially occupy the premises but both are financially responsible.
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7 March 2024 | 12 replies
Then, we hand that list off to the official inspector to investigate further.So, with all that, any property I consider goes through 3-6 layers of inspection before I pull the trigger.
7 March 2024 | 8 replies
This would be a step backwards but your mental health is more important than anything else.4.
7 March 2024 | 19 replies
I don't even see an official Bellevue landlord/tenant act booklet.
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6 March 2024 | 9 replies
Furthermore, our business created no issues for our rural neighbors (most of whom my husband has known for decades since he grew up on that farm property which had been in his family since 1886), law enforcement or county officials.
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5 March 2024 | 16 replies
Organized my team (cleaners, handymen, pool maintenance, landscapers, etc)And after all of that, I have officially onboarded my first client, and just hosted my first guest!