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28 June 2024 | 15 replies
I know for us, the CPS gas and energy bill can easily skyrocket, so I may consider asking tenants to pay if bill passes $200 or so...still thinking on it.
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29 June 2024 | 8 replies
A quality local RE Broker/Agent in tandem with a reliable contractors should be able to help you with full analysis of post rehab value.
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27 June 2024 | 3 replies
Hire a Reliable Real Estate Agent (you!)
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27 June 2024 | 6 replies
All these are navigable with time and energy.
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27 June 2024 | 17 replies
@Damein White some great points by others concerning increases in rental rates and/or lowering of energy bills than a guaranteed increase in resale price.
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27 June 2024 | 1 reply
We are working on a similar development that has many elements that are novel to it, but it won't be zero energy.
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27 June 2024 | 3 replies
Hiring a Manager: Decide whether you'll manage the property yourself or hire a property management company.Tenant Screening: Develop a tenant screening process to find reliable renters who meet your criteria.Legal and Tax Considerations:Legal Structure: Consider forming an LLC or another legal entity to protect your personal assets.Tax Implications: Understand tax deductions available for rental properties, including mortgage interest, property taxes, and depreciation.Networking and Education:Real Estate Forums: Participate in forums like this one to learn from experienced investors and ask questions.Local Real Estate Groups: Join local investor meetups or associations to network with professionals in your area.Continued Learning: Attend seminars, webinars, or workshops to stay informed about real estate investing strategies and market updates.Starting with a rental property while keeping your condo as an investment is a great way to begin building wealth through real estate.
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27 June 2024 | 5 replies
Are they ususally reliable?
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26 June 2024 | 5 replies
Then look at what amount of capital, time, and energy you can deploy which will help determine your market.
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26 June 2024 | 4 replies
It's important to thoroughly vet potential tenants to ensure that they are reliable and will take good care of your property.