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19 July 2024 | 36 replies
I'm still amazed at how improving my health and lifestyle has positively impacted the way I do business.
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17 July 2024 | 4 replies
Also, avoid issues with city and S8 inspections.3) Marketing Impact - a purple bedroom doesn't need painting, but usually has to be done to attract a tenant.4) Miscellaneous - anything that doesn't meet one of the above criteria.By logically breaking these down for our owner clients, we help them make better decisions on "repairing to their budget" and avoid over-repairing or being a slumlord.Suggest you use this approach with your PMC to address the $22k bid.Lstly, how many bids did your PMC send you regarding the $2k pest treatments?
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16 July 2024 | 0 replies
(biggerpockets.com) is inaccurate:"Many readers who are familiar with real estate investing and primary residences will be asking questions about the tax impact of selling a primary residence.
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17 July 2024 | 5 replies
The shorter the prepayment term has an impact on increasing the rate.4.
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13 July 2024 | 0 replies
If so, how was the lot with the house on it impacted in terms of market value?
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17 July 2024 | 13 replies
After being on this forum, I'm willing to bet it's not and many on here would not be able to quickly/efficiency clear out or not let it impact their future REI efforts.
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18 July 2024 | 40 replies
Below is a comparison of three states with no state income tax.Sources for insurance and property taxes: Insurance - ValuePenguin, State Property Tax Rates - Rocket Mortgage.In order to demonstrate the impact of taxes and insurance on net rental income, I compared the overhead costs of a $400,000 property in three different states.
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16 July 2024 | 17 replies
Hey @Hansel Gunawan I'll give you 4 major investments that will have a big impact on the greater Columbus area. 1.
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15 July 2024 | 5 replies
However, under the "Disparate Impact" legal theory, fair housing issues arise when denying persons with a criminal record involving non-serious offenses and offenses that are remote in time.
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16 July 2024 | 5 replies
Thanks A lot has been written on BP about R2R and everything looks solid.I'm a big believer in sticking with 1 market until you build a large enough portfolio and diversification is justified.Like with many investments and not just turnkey, it's important to build a large portfolio.The time and associated risk isn't worth buying 1 or 2 properties if you expect a significant impact on your bottom line monthly cashflow.Most turnkey properties are sold at fair market value or slightly above.Nothing wrong with this as long as property management is solid and does their job with integrity.Buying turnkey you won't have built in equity so no growth can be manufactured and you will have to wait for the market to grow to see an equity gain.Thus, IMO it's important to have mindset where you endeavor to build a large enough portfolio so the monthly cashflow makes sense and the portfolio becomes safer.Much success