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23 November 2024 | 10 replies
-your first few years after a purchase are typically a stabilization period, and you IN-vesting your money into the property. think about how long it will take to recoup all the costs i just mentioned.
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25 November 2024 | 13 replies
South of Edgley and north of Cecil BThats where the students typically are looking as outside of that radius is rough.
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26 November 2024 | 13 replies
The IRS typically requires the property to be placed in service as a rental property before you can start claiming depreciation.Once the property is converted to a rental and placed in service as such, you can then conduct the cost segregation study and claim depreciation on the rental portion of the property.
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23 November 2024 | 38 replies
Here's some other copy & paste advice you might find useful:---------------------------------------------------------------------------------------Recommend you first figure out the property Class you want to invest in, THEN figure out the corresponding location to invest in.Property Class will typically dictate the Class of tenant you get, which greatly IMPACTS rental income stability and property maintenance/damage by tenants.If you apply Class A assumptions to a Class B or C purchase, your expectations won’t be met and it may be a financial disaster.If you buy/renovate a Class A property in Class D area, what quality of tenant will you get?
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26 November 2024 | 17 replies
Typically, DSCR rates are about 1% higher than conventional loans—not the 2-3% range you mentioned.
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20 November 2024 | 15 replies
Quote from @Jake Hughes: How long do your renovations typically take when hiring a gc?
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22 November 2024 | 33 replies
Yes, if anything its easier since no residential restrictions. savvy participants.Harder because you have to know how to present a property, typically have to spend on chase costs prior to assigning.
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24 November 2024 | 5 replies
These studies typically if done by 3rd party would cost $10-$20k but you could also do it on your own.
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20 November 2024 | 6 replies
@Jerry ZhangWhat is typical in your market?
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25 November 2024 | 10 replies
Additionally, as long as you put 20% down, it typically keeps you safe in terms of cash flow, and then you simply have a couple dozen houses with tenants paying off your mortgages.