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26 November 2024 | 2 replies
It’s a popular way for new investors to dip their toes into real estate because it allows you to generate rental income while reducing or even eliminating your monthly mortgage payment.While house hacking can be done with single-family homes (by renting out rooms), multifamily properties, such as duplexes, triplexes, and fourplexes, take the concept to the next level.
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26 November 2024 | 7 replies
., 50% occupancy, $1,000/month net) and factor in cleaning, platform fees, and utilities.
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26 November 2024 | 31 replies
These strategies can maximize cash flow, reduce living expenses, and generate potential returns.Good luck!
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25 November 2024 | 19 replies
The person hired a company to clean up my 3rd house and gave me a surprise of 400 USD bill for the cleaning when it should be at maximum 150/200.
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27 November 2024 | 11 replies
Compare Savings: Subtract the prepayment penalty from the potential savings generated by refinancing (e.g., lower monthly payments, reduced interest rates).
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25 November 2024 | 12 replies
I had best experience generating leads for my clients with Launch and Batchleads
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1 December 2024 | 377 replies
@Owen Dashner thanks for the kind words, the "grey hair" generation such as yourself has been instrumental in my progress!
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25 November 2024 | 19 replies
We were desperate to get the house cleaned and ready for tenants and hired our PM with hopes that this would be resolved much quicker.
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24 November 2024 | 5 replies
Most municipalities have different mix-use categories which dictate the precise commercial use that's allowed.A few additional observations on mix-use assets and how I approach them (1) they are generally more difficult to finance than multi-family assets so expect lower leverage terms even if the property performs just as well if not better than a multi-family property and therefore price this into your acquisition (2) I focus on mix-use assets where at least 80% of the income is generated through the residential component.
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26 November 2024 | 11 replies
And when people get tunnel vision for lowest $ down, they tend to not give attention to the revenue generation of it, the operations, and that's a VERY dangerous combination of high leverage and not so-good revenue.