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27 November 2024 | 9 replies
However at those numbers, you'd have to get a HML and increase value, then refinance into long term debts
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28 November 2024 | 1 reply
Land doesn’t depreciate, and while buildings require maintenance, they usually gain value as markets grow, demand increases, and inflation takes its toll.Real estate investors benefit from a significant tax write-off based on the concept that properties lose value over time, even as their market value skyrockets.
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28 November 2024 | 10 replies
Increased Approval Chances: Borrowers with multiple valuable assets may have a better chance of loan approval, as lenders see reduced risk in cross-collateralized loans.5.
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28 November 2024 | 13 replies
My monthly fees are as follows (handyman inspection $125, Cleaning $270 a turn (I collect this from guest), TAT&GET (collected from guest) Property Taxes, Insurance (I highly recommend you price this out, with hazard I pay $1,200 a year), internet/cable $100, Electricity $300 a month, AOAO dues $900 (association fees are increasing minimum 5% a year).
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3 December 2024 | 26 replies
I know Baselane is becoming increasingly popular, but I want to make you aware of this ticking time bomb if you're using their banking services for rent collection - if a tenant reneges their part of the contract, they can literally collect everything they paid prior no questions asked.I'm working with Baselane to negotiate this issue, but they remain stern on their end.
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28 November 2024 | 5 replies
Pierce that corporate veil like a water balloon.I have a few buildings and each with 4 or less and hence residential investment loan. i agree and have come to the conclusion to increase the liability insurance by 500k. 2nd- buy an umbrella insurance from the same/different carrier.
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5 December 2024 | 37 replies
A recent study showed that 80 people are moving to this city every single week, which will continue to increase housing demand.
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1 December 2024 | 32 replies
I rented out the house I lived in (in nice suburb with low crime and great schools) - this Class A property is doing well 5 years rented so far, but the property tax increases are reducing my cash flow.
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1 December 2024 | 377 replies
For your first 3plex, how did you increase the rents from $2200 to $3150?
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28 November 2024 | 9 replies
I have other projects I am doing too, and understand the consequences of the engagement.