
21 August 2024 | 9 replies
Doing the numbers on a commercial property value calculator, without debt service I will be at at a valuation of $3,026,400.

21 August 2024 | 73 replies
1) With rent control, it keeps inventory low, thus high appreciation for rents.2) Higher dollar appreciation. 3% increase on a $1M value is higher than a 3% appreciation on a $100,000 value. 3) Same as #2 but with rents.4) Because of the above, you could argue that you are generating a higher net worth faster. 5) Expensive markets like LA, NY, and SF can be great for house hackers.6) Because I first bought in LA and then bought a second house hack, I have been able to leverage business partner, HELOCs, and a 1031 exchange and now have 15 doors between four states and I haven't had to put a down payment of my own money (or at least BRRRR and got my money back).

20 August 2024 | 5 replies
After swallowing some lumps thanks to one thread I posted back in April, I should (crossed fingers, no blown furnaces or sheard off roofs) be in a good position next year to reinvest.This is hopefully not a beat the dead horse, "where is the best cash flow in X" post, more of a strategy question for anyone who knows the market in CT.Here is what my limited knowledge/intuition tells me: Waterbury, Bridgeport, parts of Hartford cash flow best because of the inherent risk, lower fairfield county cash flows worst (today) because of NYC effect on price/rent, and there is an in-between SOMEWHERE.I think that somewhere is in the central part of the state between route 8 and 91 north of new haven, east of waterbury.

20 August 2024 | 8 replies
There are neighborhoods in Reno that rents have been rising faster than others.

19 August 2024 | 0 replies
This requires an income that rises faster than inflation, or you will not have the additional dollars you will need to pay future inflated prices.What causes rents (and prices) to increase?

19 August 2024 | 1 reply
Was hoping to rent out our existing home and use the rent to pay down our new home mortgage faster.

20 August 2024 | 32 replies
So let's say the purchase price is indeed $252k.20% down, 30 year fixed rate loan at 7.5%Monthly payment would be $1,410Property Taxes would be at least $2000/yr given that it is not homesteaded - so at least 165/monthInsurance will be around 80 to 100/month - we'll say 80/monthSo we are now at 1655/month before vacancy and capital expenses.You quote renting to a Section 8 tenant - I'd add $2400 in cap ex per year then.

21 August 2024 | 7 replies
Again, everything must be at fair market value, and all documentation should be meticulous to withstand IRS scrutiny.It sounds like you’re on the right track, but it may be beneficial to consult with a CPA or tax attorney familiar with real estate and LLC structures to fine-tune your plan and ensure you're maximizing benefits while minimizing risks.Good luck with your investments!

20 August 2024 | 17 replies
You will learn so much faster working for an established company, you'll earn a decent paycheck, and you'll quickly discern if PM is the right path for you.

19 August 2024 | 4 replies
They are willing to sell, but it would need to be at a good price because it needs things that my side already had done (roof update, windows).