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18 December 2024 | 4 replies
If you're occupying the vacant unit, what makes you think you can evict either tenant from additional units?
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18 December 2024 | 5 replies
Additionally, some landlords are still waiting on over $5,000 in payments from the program.This market is right in my backyard, and it seems like a good place to start, as I can afford to buy homes in the $65,000–$80,000 range and am familiar with the area.
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19 December 2024 | 21 replies
We have had a pleasant and unexpected surprise of some appreciation over the past ten years in addition to rent increases to over $1k for good SFHs.
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20 December 2024 | 14 replies
Are there any additional fees (e.g., underwriting, appraisal, or prepayment penalties)?
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9 December 2024 | 3 replies
I’d recommend steering away from condos due to high HOA fees, which can eat into returns.
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16 December 2024 | 6 replies
This can help you greatly with the additional depreciation.Ultimately, med to large MF and small 2-4s are totally different products.
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19 December 2024 | 5 replies
A good approach is to set aside an additional 5%–10% of gross rent for CapEx, depending on the property’s condition and renovation quality.While turnkey companies often provide attractive numbers, it’s important to remember their goal is to sell properties.
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17 December 2024 | 17 replies
Here is a list of potential options:Trello/Asana/Zoho Projects/Freedcamp/Basecamp/Workfront/Monday.com/Jira/etc,etc,etc,etc,etc - General project management software that includes tasks, Gantt scheduling, calendars, project forums, document storage & team collaboration toolsTeamGantt/Gantter/MS Project - Gantt Scheduling Softwares for creating Gantt Charts & Timelines, & managing tasks.Podio - Customizable system that allows you to build workflows, track tasks, track leads, etc.Smartsheet/AirTable - Provide spreadsheet style platforms with additional functionalities for uploading documents/images, assigning tasks, calendar, images, etcOffice 365/Google Sheets Spreadsheets - Believe it or not, a lot of successful flippers still manage their entire business in Microsoft Excel or Google Sheets.
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13 December 2024 | 16 replies
Sometimes they find a renter that will sign a lease for a high amount only for the renter to default leaving the owner eating the vacancy.
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15 December 2024 | 18 replies
In addition to down payment you need reserves which is 12 times or 24 multiplied by all you debt.