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13 December 2024 | 13 replies
If so, what will be the typical time and cost to pull the permit for such a project.
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11 December 2024 | 5 replies
We have an addendum that we serve if this occurs that essentially gives notice that the home has been abandoned, and if we don't hear back from the tenant in the prescribed period we will take the property back per state code.Check to see if Georgia has this same thing.Then update your leases to include this for future tenants.Or find a rental association that provides leases with these baked in.
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15 December 2024 | 13 replies
I'm just more familiar with people quoting gross rents and typically assume the cleaning fees are being paid by guests.
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15 December 2024 | 9 replies
It has taken the last 6 months of the year to come to terms with an essentially game changing mindset: "Track the input and let the effort determine the outcomes"Initially I wanted reach a goal of $100,000 in a year wholesaling real estate.
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9 December 2024 | 4 replies
Are you essentially saying the expected higher interest rate is the main issue with the strategy?
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16 December 2024 | 13 replies
Same BRRR method we use for a typical LTR, but better equity, ROI and use( gift it, use it and better tax write offs)
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10 December 2024 | 17 replies
Quote from @Rajagopalarao Paidi: Is there anyway to minimize or avoid agent costs, I don't have much scope for profit if I pay agent costs, what options typically one has Do it FSBO if you want to save them and then hire a TC or company to do the work...
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11 December 2024 | 6 replies
There is no given answer here, because the whole property needs to be relatively consistent.Kitchens and baths are the common answer, but if they are passable and you choose to invest in them anyways at the expense of peeling paint (or off putting exterior color) and overgrown landscaping, the appraiser and tenant will be walking up with a bad taste in their mouth, thereby not valuing the interior work you have done.But think about the general flow of someone looking to rent: more bedrooms will typically dictate more rent.
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10 December 2024 | 6 replies
Pre-approval for loans is essential, as is learning landlord-tenant laws to manage effectively.
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13 December 2024 | 7 replies
To estimate closing costs and monthly expenses for a multifamily property, closing costs in New York typically range from 3-6% of the purchase price.