4 November 2024 | 11 replies
After that I am using 5% rent increases with 60k renovation in yr1- using 20% down around 8.5% rate, many loan officers keep telling that only 25% down is minimum.. idk- yr1 goal to increase rents w renovation around 60k spend w 5% rent increase (tricky part it probably lot of rent lost while renovating maybe 2-3months) - estimating that yr1 and 2 is negative CF and then projecting positive CF w yearly 5-10% rent increasesAny ideas if this makes sense or not?

4 November 2024 | 13 replies
So:When tenant is not doing what they agreed to do or what they should be doing or what you would like him to do, instead of allowing yourself to respond by getting stressed out, spend the time planning your actions.

1 November 2024 | 5 replies
Poor management of contractors, permit delays, or running out of funds can extend the rehab timeline, costing you money.

6 November 2024 | 13 replies
So I spend a lot of time on TikTok (too much really) and I have NEVER heard or seen this squirrel in my life.

30 October 2024 | 7 replies
This means low monthly payments for high cash flow, which translates to low interest rates and extended loan amortization.

30 October 2024 | 3 replies
And if so, just that "-4" means they shortened the stay by four nights and "30" means they extended the stay by 30 days?

7 November 2024 | 45 replies
I spend half my days reporting them to NY state for fraud

29 October 2024 | 6 replies
The problem with midterm and longterm is that you are obligated to extend the lease up to 3 years if the tenants wants to because midterm leases are under the same rules as long term.

1 November 2024 | 3 replies
Never spend the deposit on anything until the tenant is out and the lease is terminated.

30 October 2024 | 4 replies
And half of American renter households spend at least 30% of their income on housing, which is up sharply since 2000, according to Harvard University’s Joint Center for Housing Studies.