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7 October 2024 | 3 replies
If someone is bringing part of the closing costs, it’s common for them to receive a portion of the equity that reflects their financial contribution compared to the overall deal.
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7 October 2024 | 4 replies
These houses seem to be in decent condition, clear photos, etc renting at a reasonable price compared to the newer listings.
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10 October 2024 | 24 replies
It is a knock-off of a comparable Gatehouse brand lock basically:https://a.co/d/5ceMVR05.
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9 October 2024 | 13 replies
Stay Renting:Pros:We have a great deal on rent ($3,200 total, $1,600 each), which allows us to save, stay liquid and focus on growing the rental portfolio.We love the apartment.Cons:We’ll likely need to move in a year, and comparable places are around $4,000/month.I’m not thrilled about moving, and it feels like we’re just delaying the inevitable.Not getting any appreciation.I’d love to hear your thoughts.
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7 October 2024 | 8 replies
Stay Renting:Pros:We have a great deal on rent ($3,200 total, $1,600 each), which allows us to save, stay liquid and focus on growing the rental portfolio.We love the apartment.Cons:We’ll likely need to move in a year, and comparable places are around $4,000/month.I’m not thrilled about moving, and it feels like we’re just delaying the inevitable.Not getting any appreciation.I’d love to hear your thoughts.
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8 October 2024 | 8 replies
We recommend you get management contracts from several PMCs and compare the services they cover and, more importantly, what they each DO NOT cover.
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5 October 2024 | 1 reply
This can help reduce the principal more frequently, which means you'll pay less interest over time compared to just making monthly paymentInterest Savings: Bi-weekly payments often result in more interest savings over time compared to a single large annual payment, as the principal is reduced more frequently.Flexibility: If you have a good year financially, making a large principal payment can give you flexibility, but it may not be as effective in reducing interest if the loan has high monthly compounding.If you're looking to pay off the loan sooner and save on interest, bi-weekly payments are generally more effective.
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7 October 2024 | 5 replies
Understand the fees involved and calculate the total cost for an entire year of management so you can compare the different managers.
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6 October 2024 | 8 replies
Criteria can include location, population growth, job diversity, amenities, desirability of bedrooms and bathrooms, size, and comparable rents in the neighborhood.
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7 October 2024 | 24 replies
Both are good compared to all the others (e.g.