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22 January 2025 | 7 replies
I highly encourage everyone to view the property before putting money down, but that's not ideal for many of them, so I do allow them to rent "sight unseen," but I am very open with them to ensure they don't show up and back out.1.
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3 February 2025 | 2 replies
I would check the find real estate agents link up at the top.
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3 February 2025 | 4 replies
Darrius Local PM here - happy to help, we have multiple developments that are gearing up to sell in the next 6 months, few small multis and townhouses.
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5 February 2025 | 4 replies
But I would be sure to look into that & speak to a tax professional up there before dumping too much time into research.
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5 February 2025 | 3 replies
and if you don't have enough money to house hack in San Diego... save up until you do.and if you want to move somewhere else, house hack there.
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28 January 2025 | 7 replies
The odds of default go up significantly for those who have no skin in the game.
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24 January 2025 | 1 reply
Ended up appraising for 98,000 with me touching it.
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24 January 2025 | 3 replies
Ended up hiring an attorney to demand the release of the funds.
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27 January 2025 | 7 replies
. - Taxes are on the higher side at $6,000 yearMy Numbers: $115,000 putting 20% of my money $23,000 and finance the rest with total expense of $1,834Monthly expense numbers: Future Maintenance 13% $273 - Vacancy 5% $105 - Property Insurance 5% $105 - Property Taxes 23% $500 - Property management 10% $215 - Office/Travel/Legal 4% $84 - Mortgage 26% $552 - Monthly Cash Flow - $316 per month or $3,792 per year so Cash on Cash = 17%I think this looks like it is a deal worth doing and I also believe I can bump the total rent up by $50 each tenant which I think make it even better.
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20 January 2025 | 31 replies
For that and time saved setting that up ourselves, PCS was worth the cost for us.