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2 January 2025 | 15 replies
The spread between what they're paying and what the market rate indicates is not that much.
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3 January 2025 | 2 replies
With that comes different exposures and risks that they need to properly rate for.
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6 January 2025 | 6 replies
Highlighting features like “walking distance to top-rated schools” helped me attract renters even during slower months.Negotiate SmartlyWhile sticking to your legal rights is important, a pragmatic approach could save time and hassle.
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4 January 2025 | 4 replies
The interest rate and down payment requirement are lower than if it were considered a second home or investment property.
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31 December 2024 | 13 replies
However, I’ve been hesitant due to challenges like remote management, high interest rates, and low cash flow.
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31 December 2024 | 5 replies
Since you are new to the market, you can look at what the top rent pulls look like and cater accordingly on the design.You always want to build relationships with contractors, but that takes time and you always need a solid bench, just like in basketball because some days your starting plumber just doesn't show up and you need to bring in the backup.The rates are the rates and they aren't going way down soon so it's just part of a different metric to evaluate in your new market.Good luck!
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1 January 2025 | 12 replies
Charge the tenants a higher rent rate and include utilities with their rent.
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2 January 2025 | 9 replies
I have a condo in Connecticut that generates a cash flow of about $750 a month, and I have approximately $130,000 in equity at a 3.25% interest rate.
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30 December 2024 | 2 replies
so every step is tougher.2. you don't really compare the interest rate when purchased and the interest rate when refinancing - that is apples and oranges.
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1 January 2025 | 3 replies
Here are the pros as i see it: easy (no purchase necessary, you know the property), likely prop 13 property tax discount, possibly below current rate loan.