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9 August 2024 | 6 replies
So in theory it can't be a LTR if we move out someday, but a lease naming a tenant as "manager" probably gets around that.I've thought a bunch about how to improve the property's cash flow, and there's lots of marketing and operational low-hanging fruit before we get to capital improvements.
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11 August 2024 | 10 replies
I would agree with this - its probably too soon / not economical to do a cash-out refinance at this point - options for freeing up equity would probably be best served via HELOC or something to that effect
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8 August 2024 | 22 replies
Relaxing occupancy limits seems like low hanging fruit in that effort.
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12 August 2024 | 21 replies
The courses / mentors rely on the success of a small percentage to show their programs work but you have to ask would they have been able to do it on their own for a fraction of what the program cost.I did not see a cost associated with the Flipstress program after doing a Google search - 95% of what came up was from the Flipstress program itself which would have me question how big it is and effective the program is on a wide scale.Before sending any money I would see if you can find anyone that has used the program and find out what it did for them.
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7 August 2024 | 13 replies
Question for agents. What's your take on no more 6% commission and how this will change the way you operate?
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10 August 2024 | 9 replies
That kind of appreciation is wonderful for long term hold investors but it's having a negative effect on investors entering the market.
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12 August 2024 | 15 replies
By making 2 payments a month, you're effectively paying an extra month of payment every year. 52/4 = 13, vs. 12 monthly payments (one for each month). 2 - if I'm in your shoes I would wait a few months for the dust to settle. you may not know it now, but there will be random things that pop up here and there with owning real estate that you won't get to experience until you've lived in it for a while.
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10 August 2024 | 2 replies
It's an extra few seconds and not critical Bu the way, we install these systems and can certainly install an AI phone or similar but IMHO, for a smaller building this is cheaper and effective.
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12 August 2024 | 39 replies
Here Washington State we have no limit perse, but there are strict notice. 120 days notice for an 3% increase in rent which cannot take effect before the end of the lease. 180 day notice is required if over 10% again before the end of the lease.
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10 August 2024 | 13 replies
I have gotten reno projects for what is effectively a 98%+ discount via such.