
8 October 2024 | 23 replies
They get free rent/all utilities paid and I pay mine a $500 month stipend after an initial 6 month trial period.

7 October 2024 | 34 replies
The reason for the delay is because I initially thought I'd invest in low cost areas of California like Fresno, Bakersfield, Stockton, Sacramento, etc (due to being somewhat within driving distance of the SF Bay Area) but I held back because California's landlord laws made me very concerned.I didn't want to end up in drawn out court battles with a renter just squatting at a place I purchased with my cash.

6 October 2024 | 9 replies
What the law says is often more of a last resort than a first option initially when there is a dispute because enforcing your rights in court and collecting afterwards can be costly and difficult. 2.

2 October 2024 | 1 reply
However, four sessions of small talk with strangers is very awkward for me.

5 October 2024 | 2 replies
Initial Purchase by Person A (11/1986):• Purchase Price: $52,7002.

5 October 2024 | 4 replies
My initial strategy is wholesaling and my markets are the Triad/Piedmont and the Triangle of NC.

5 October 2024 | 2 replies
., but we thought initially it would be best to offer a cash down amount($20,000) and then offer a percentage of revenue over a three year time frame. (50% of management fees collected: yr1, 30%: yr2, 20%: yr3) until the balance of the "acquisition" price was met.Again I know I've left out a lot of info but this was just to hear some ideas or previous experiences.Some generals:Approx. 100 doorsMost are 2yr leasesMost are long term clients of the current companyAverage rent of $2300Thanks in advance and have a great weekend!

4 October 2024 | 2 replies
In most situations the tenant is 100% responsible for the initial security deposit payment, and any recurring utility charges.

6 October 2024 | 12 replies
Initially, my goal was to secure a multifamily property using my VA loan for leverage, focusing on long-term rentals.

4 October 2024 | 12 replies
This creates two loan payments ($100,000 of equity and $300,000 on the new mortgage).Key NumbersHome Equity Loan Interest Rate: 6%Mortgage Interest Rate: 7%Rental Income: $3,000 per monthExpenses (management, taxes, insurance, maintenance): $800 per monthIncome and ExpensesMonthly Rental Income: $3,000Monthly Expenses: $800Monthly Mortgage Payment: $2,000ExplanationThe investor earns $3,000 in rent each month.They pay $2,000 on the investment property mortgage and $800 on other expenses.This leaves $200 profit each month or $2,400 per year.However, you have to pay $6,000 interest on the equity borrowed.This leaves you with an annual loss of $3,600.This example shows that while the rental property generates positive monthly income, the interest cost of borrowing the initial $100,000 results in an overall annual loss.