Michael Baum
I sure hope everyone is doing OK
2 October 2024 | 25 replies
We have a dozen or so properties there, that are without water indefinitely, perhaps as long as month.Of course, that's small change compared to the utter destruction and loss of life.
Kyle Reynolds
Should I Sell or Rent Out My Home? Weighing Investment vs. Cash Flow Concerns
2 October 2024 | 9 replies
I’m moving out of the house soon and will be living rent-free with my wife at my parents' place in the Bay Area due to some recent life changes.Here’s a breakdown of my situation:Location: Sacramento, CA (4 bed, 2 bath, recently renovated)Current mortgage payment: $3,940/month (including escrow)Mortgage balance: $475,000Current home value: $515,000 - $535,000 (based on comps)Rental estimate: Property management companies are quoting $2,600/month (with fridge/washer/dryer included), but some websites suggest it could go for up to $3,000/month.Planned budget:$540/month for capital expenditures and maintenance$100/month for lawn careTenant to cover utilities (gas, electricity, water)7.5% vacancy rateWe bought the house thinking it would be our forever home, but with our current situation, I’m trying to figure out the best long-term plan.
Ricardo Carrasco
How to help tenants pay rent in Asheville LTRs after hurricane Helene
2 October 2024 | 10 replies
FEMA rental Assistance covers the cost of monthly rent and essential utilities, gas, electric, water, trash, and sewer.
Dina Schmid
What Interest Rates Are You Seeing?
7 October 2024 | 38 replies
Lots of structural damage, and the entire area is still without water and power for the most part.
Darrick Lowe
How to split heat and hot water amongst tenants?
27 September 2024 | 14 replies
I'm used to multifamilies where each unit has its own water heater and furnace.
Cameron Kolling
Mobile Home Park Depreciation
2 October 2024 | 9 replies
The trailers in the Mobile Home Park (MHP) will likely be treated as personal property and can be depreciated over a shorter schedule, typically 5 or 7 years, rather than the standard 27.5-year depreciation used for residential real estate.
Robin Gravlin
What a mess!! This is a whole new education of what NOT to do, and what to READ!!
4 October 2024 | 35 replies
I like the City of Colusa a lot its a tidy little town very much under the radar ( for CA standards) I thought you might have been over in Olivehurst or one of those rougher little towns.
Gina Ventimiglia
Best places to advertise 1031 Exchange properties, in Florida
1 October 2024 | 2 replies
Are there any tried and true/ industry standard sites, forums, etc. where those looking to avoid capital gains look for investment properties?
Freeman Schultz
Recommendations for a refrigerator
30 September 2024 | 4 replies
We also try not to install fridges with water dispensers or ice makers but if we do, we put in our rental agreement that tenant is responsible for any repair to water/ice makers.
Chase Rule
Tips for low money down options
1 October 2024 | 1 reply
Even if you can't get the 100% of purchase + 100% of rehab though, you could still be looking at only needing to cover 5%, 10%, or 15% of the purchase with seller financing as opposed to the more standard 20% down on a DSCR loan.