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9 September 2024 | 52 replies
In most of America, even Midwest where I am, that’s pretty low grade house with a fair amount of capex and headaches.
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4 September 2024 | 8 replies
Google Ads is a great way to scale because the operational burden is low.
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6 September 2024 | 3 replies
In PA, basement habitation is not allowed if any basement wall is below grade or if the basement exit door to the outside is below grade (PA 6400.81).
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7 September 2024 | 7 replies
You may want to consider partnering up with a realtor or someone that already has a property management company that is looking to scale.
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7 September 2024 | 3 replies
Is building a new property for a house hack potentially a good idea if our goal is to continue to scale/grow our capital or should we just stick to looking at existing properties that need work and pull our money out post-renovation?
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6 September 2024 | 11 replies
I read your post from several years back - ”The Ultimate Guild to Grading……” very informative, and I’m assuming most of the insights still holds true +/- market changes on price points -
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7 September 2024 | 85 replies
This allowed us to scale easier over time & have much less time/stress involved in building our portfolio.
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13 September 2024 | 50 replies
Something to consider down the line if you plan to scale this Ohio based company [LLC]
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6 September 2024 | 3 replies
Loan Balance $295,000Loan Maturity Date 11/1/2051Property Specifications:SFHBedrooms 4Bathrooms 3Square Feet 2316Year Built 2021Garage Size 2Schools Rating (scale 3-30, 30 is best) 18Lot size (sq ft) 7,631.0Purchase price: $330,000Market Value: $350,000Estimated Financial AssumptionsMonthlyYearlyRent (upper)*$2,350$28,200Rent (lower)*$2,250$27,000Property Taxes$425$5,100Insurance$200$2,400Repairs$65$780Property Management Monthly (%)0.00%Property Management Monthly ($)$75$900Leasing Fee$95.80$1,150HOA$146$1,752Vacancy Rate4.00%Total Fixed Expenses$1,096$13,150Total Expenses (Fixed + Mortgage)$2,620$31,437
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7 September 2024 | 12 replies
I don't think you should pay it off, but you should be paying down the principal every month at scale, which you are probably doing if you planned on paying it off in 4 years.