Nay Russ
Looking to purchase first Rental property (need help)
6 February 2024 | 38 replies
(Once again, the feds have made it harder and more expensive for smaller investors)Cash to close:~$56,000(seller pays closing costs)Rental income: $1,600cash flow: $79 /monthCoC ROI: 1.71%CAP rate: 6.8%You could maybe negotiate and get these numbers a bit better, but that's about what I would expect in the 'turnkey' realmThere are much better deals (on paper) available, but you begin to tread into higher crime areas where the tenant pool is not great, and the associated costs of theft and vandalism expenses, and the expense of mitigating theft and crime (security cameras, caging in AC units, providing off street parking) are difficult to manage for a beginning OOS investor.Or they may require some rehab of some kind to make it rentable.ALL that being said, if you ever want to connect and learn more about my market, reach out!
Bobby Shell
Wired money to BAM & Open Door Capital
6 February 2024 | 108 replies
My advice is tread carefully and like all betting, don’t play with what you can’t afford to lose.
Huiping S.
Can I reject a tenant with a service dog in FL?
4 February 2024 | 58 replies
you can only reject him if it is for a reason unrelated to the service dog. and if you do, i suggest you have written criteria standards that you can show, in case he gets upset. tread carefully, because i believe service animals can be a big can of worms. from my understanding, you are allowed to ask for documeted proof, but may not ask what ailment the dog is helping with. i suggest doing more research, before you go any further.none of the above is legal advice. consult an attorney if you are unsure about anything.
Jonathan Foux
STR Experiences in Indy
1 February 2024 | 18 replies
If it's not 15mins or less from downtown I'd tread lightly on STR.
Curt Smith
filing taxes on a note that I foreclosed on AND got the property back a low FMV.
30 January 2024 | 13 replies
Also if this was Georgia, I would definitely tread lightly especially if you are not licensed as you can be fined 5 or 6 figures for owning loans without a license and throw into it trying to collect potentially uncollectible fees
James Boreno
Rental Unit Vinyl Stairnose Cracking
26 January 2024 | 3 replies
There are also carpet tread sections that wrap around the nosing.
Ian Bollinger
Looking to Branch into Short-Term Rentals
26 January 2024 | 15 replies
So, if you're thinking about jumping into this, just tread a bit cautiously, you know?
Greg Strunak
Working on my first seller finance deal
25 January 2024 | 5 replies
With an interest-only payment structure, tread cautiously; it depends on your end goal.
Leon Lee
What is current CoC for STRs with and without 7% interest loan
22 January 2024 | 25 replies
I would tread lightly with StayFi right now, I can't tell you how many hosts have had connection issues with them the last 6 months or so.
Rada Duvall
61.9% ROI -2669 N Palmer - East Milwaukee Buy/Hold turned Fix and Flip by Rada Duvall
23 January 2024 | 1 reply
Cosmetic Light Renovation, brightened it up with white paint, refinished the floors and stained coco, light carpentry, exterior fascia, treads on the stairs, and brand new SS appliances in the kitchen.