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26 December 2024 | 7 replies
Some companies might charge extra for maintenance coordination or inspections.
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1 January 2025 | 14 replies
Verifying last 2 years of rental history and income extremely important to find the “best of the worst”.Make sure you understand the Class of properties you are looking at and the corresponding results to expect.The City of Detroit has 183 Neighborhoods we’ve analyzed.DM us if you’d like to discuss this logical approach in greater detail!
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27 December 2024 | 13 replies
15 - 20 year hold time.The rental investment calculators show that the four $300k properties would have a lot more equity in the future and many times the cash flow after a few years, but does the extra maintenance, management time and expense, etc. outweigh the numbers?
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27 December 2024 | 4 replies
Managing it has been exhausting, especially with the tenant issues and LA’s landlord policies.Here are some details about the property:Purchased for $650k, with about $90k spent on renovations.Current Redfin estimate: $1.1M.Mortgage interest rate: 3%.Would selling it “as-is” during the eviction process make sense financially?
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31 December 2024 | 13 replies
There are a lot of options with a 6 unit building, and I agree without more details that it will be hard to offer any specific advice.
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26 December 2024 | 15 replies
Going to depend much more on more details / your personal situation - all things equal you will probably get better rate/terms on conventional if you qualify for both
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27 December 2024 | 12 replies
Ask them questions to make sure they're not just a friend, like the address or other details the landlord would only know.
20 December 2024 | 4 replies
It may sound nice to pay a 6% management fee but the extra fees can add up to be more than the other company that charges 10% with no additional fees.
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27 December 2024 | 4 replies
(I’m ignoring any extra cap-x because you said it was a condo, but you’d also add any major cap-x to cost basis).
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26 December 2024 | 1 reply
Whether it's completing paperwork or obtaining third-party accredited verifications, attention to detail is paramount.Never assume that raising equity will be easy.