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2 December 2024 | 21 replies
What other factors should I be considering?
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2 December 2024 | 4 replies
However, when you factor in the HELOC, we have a negative / break-even cash flow (HELOC payments are about 25% of the revenue from both).
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2 December 2024 | 4 replies
They're good to have open access to capital/cash/equity to a property ahead of time so you can execute a deal or purchase when the time comes on a split second decision (versus having to apply to a loan at that time which might take 20-45 days to get approved/closed/etc plus by that time you dont know what your future income/credit/assets will be like in order to qualify anyway).The second use is sleep at night factor and having a reserve of capital in the event an emergency event occurs in life.For these two reasons is why I use lines of credit.
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2 December 2024 | 33 replies
Values in Commercial are a RESULT of the factors that formulate it's financial performance.
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2 December 2024 | 7 replies
thank you so much, i can't let her out just like that, i wish i can as she has drive me crazy like 20 times a year with her heating issues and others issues. i have to keep renewing her lease unless she is paying late cotinuesly or no payment or i move in by myself or i sale the property.
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30 November 2024 | 1 reply
Focus on the value landlords bring through property improvements, market dynamics driving rents, and contributions to community revitalization.
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3 December 2024 | 22 replies
That's a factor to consider if you have children and want them to be in a good school district.
2 December 2024 | 1 reply
Then i decided to move to semi truck driving and now i'm making 1k a week take home.
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3 December 2024 | 51 replies
I planned for it financially, but it's a headache for sure. your rent is too high if they are sitting vacant.. there is more inventory than butts to put in them.. therefore competition for the few qualified tenants this will cause rents to go DOWN.. if a property is not rented in 2 to 4 weeks your rent is too high .. this is one of the major risk factors that many dont see when buying in a subdivision of group of ALL new rentals..
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1 December 2024 | 6 replies
Again several factors at play but just providing information based on your criteria.