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31 January 2025 | 3 replies
We don't even a Board yet (it's a new build), and it's all being coordinated by the HOA management company for the building.The developer offered to make the new door key fobbed on each side for entry, and would install a new security camera.
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9 February 2025 | 9 replies
Buy and holds is the key to true wealth with all the benefits of depreciation, appreciation, loan pay down by your tenants, leveraging the equity, cash-flow etc etc, but it often times isn't the active income that pays the bills until you build up a portfolio and even then there's the tenant management or managing your property managers.That's why I'm involved in all 3.
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27 January 2025 | 7 replies
@Enrique Toledo If the seller is firm at 10% down, you can always get a personal loan for that 10%.
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28 January 2025 | 2 replies
My current property management company doesn’t offer this service, and the only company I know of is very hard to communicate with.
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7 January 2025 | 5 replies
I own a mortgage company and know PennyMac.
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18 January 2025 | 10 replies
I've been in real estate for about a month now with my company.
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5 February 2025 | 6 replies
When I worked with a property management company, we had someone buy a unit (single family) that had a STR and marketed it as a STR.
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6 February 2025 | 3 replies
Maintenance and potential repairs will also require a long-term financial plan and setting aside a contingency fund for such expenses.The steady cash flow, appreciation over time, and tax benefits can make a meaningful difference to your wealth in the long term, especially with the principal paydown on the mortgage.However, if managing the property from a distance feels too burdensome, or if you’d prefer the certainty and flexibility that comes with having less debt (especially given the high mortgage rates), selling and using the $100,000 in equity to reduce your loan for your next home may be the smarter move.
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4 February 2025 | 10 replies
I've seen many investors get burned because they failed to understand their hard money loan terms/rates, even if they did acquire what should have been a home run deal.
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2 February 2025 | 14 replies
Try to get preapproved from a local loan broker or Co-op.