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15 August 2024 | 57 replies
Note self managing will impact the ability to scale.
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12 August 2024 | 1 reply
As of August 8, 2024, mortgage rates have fallen to their lowest levels since May 2023, sparking discussions about the potential impact on the housing market.1.
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16 August 2024 | 19 replies
This could impact your cash flow, especially if your rental income margins are already tight.Another thing to consider is that a HELOC often has an interest-only payment period for the first 5-10 years.
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12 August 2024 | 5 replies
Whisper (San Marcos):a) Plum Creek, Kyle:The corner lot and large backyard are attractive for families, and the high school district rating can positively impact property values and rental demand.
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13 August 2024 | 13 replies
Instead, invest in areas with a higher ROI, like backyard amenities, game rooms, and standout design.Most of our clients refresh these spaces with a new coat of cabinet paint, updated flooring, and small changes that make a big impact.
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12 August 2024 | 2 replies
Save and wait unless you can find a killer seller financed deal.And by relative willing to lend you $2000 - you will want to ensure it is a gift (a true one).There is a difference between lend and gift and it can have a meaningful impact on if those funds are valid for financing sake.
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12 August 2024 | 10 replies
This may not matter to a buyer, but I've seen it impact values immensely in the wrong direction, even when it was producing significant income.
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12 August 2024 | 13 replies
I explain I will proceed with the eviction, the eviction will show with any decent credit/background check and will negatively impact their credit score, that I will attempt to garnish future wages, and that it will be very difficult for them to ever rent a nice place in a low vacancy area like San Diego.As part of my tenant criteria: no evictions ever (no excuses accepted), decent credit (I want tenant to have credit such as they do not want it to take a significant hit, strong LL references and in the add I specifically specify paying rent alone does not suffice for a strong LL recommendation.I recognize with my number of units and how many years I have been a landlord, I have been fortunate to never having to evict a tenant and at some point my good fortune in this matter will end.
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13 August 2024 | 17 replies
Each lender will be different, but when using DSCR your terms impact your debt-service ratio so it will be important to get that taken care of earlier rather than later.