28 June 2024 | 8 replies
If you keep raising rent the max allowed it may take some time but eventually you should end up high enough that they move.
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28 June 2024 | 6 replies
You may not cash flow that much, but over time you will eventually get there.I'm doing this myself, but made the mistake of not doing a 203k loan and put most of my funds into renovation with cash.
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27 June 2024 | 28 replies
There is always more to the story if you want to run a sustainable business.Every business has some aspects that are dull and monotonous, but that doesn't necessarily make those things less important (and in some cases, those things may even be the most important areas to get right).
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27 June 2024 | 4 replies
Eventually you'll run out of money or lending potentials on your own which is usually when many investors start looking to partner up.
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27 June 2024 | 1 reply
I'm hoping to begin supplementing my pay soon and eventually do this full time!
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27 June 2024 | 12 replies
While the state is tenant friendly, eventually they will be forced out and at that point it will be without the offer you gave them and with a black mark on their record making it harder to find another place.Since you are looking at flipping the property, you need them out to do the work and I would discuss that with them - not the flip portion but the work that needs to be done and can't be done with them in it.
28 June 2024 | 10 replies
If you miss that deadline (because of a failed sale or a tenant that won’t move out.) it’s all taxable, if you move back in to it as your primary it’s only a pro-rated tax free gain when you eventually sell.
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26 June 2024 | 3 replies
Without knowing the renovation and soft costs, having the original purchase and eventual sale price is worthless data.
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28 June 2024 | 46 replies
That is why the old 20-property limitation system failed and was eventually abolished because it was not accomplishing anything.
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26 June 2024 | 10 replies
Eventually, it will be worth it to ditch it and do more of what you love, but for now your plan is perfect.