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27 November 2024 | 8 replies
In current market conditions, rents have generally increased, making house hacking a viable entry strategy.
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25 November 2024 | 4 replies
Adding amenities like power, water, and a barn or pavilion could increase its value as an event space.Farm-to-Table Experiences: If agriculture is possible, create an on-site farm-to-table business where people can visit, harvest, and eat fresh produce.
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21 November 2024 | 4 replies
Here are a few simple and free ways to learn: Go to real estate meetup groups, attend open houses and speak with the agent there, inspect FSBOs (for sale by owner), walk your area, and speak to people tending their yards.The idea is to engage with other people and ask, Ask, ASK questions about their experience with the local market.Some other ideas: find a home inspector who will let you tag along in a property inspection, and absorb what they are looking at and why.Your mindset and enthusiasm for learning about real estate will open many doors for you.Good Luck!
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25 November 2024 | 11 replies
The shorter the prepayment term has an impact on increasing the rate.4.
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24 November 2024 | 10 replies
Year 3 we achieved a 10% rent increase across the portfolio, but have incurred high turnover and vacancy costs.
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27 November 2024 | 48 replies
you're trying to increase the ARV as much as you can and then refinance and with rates high, you'll probably be at break even or even negative.and it's very risky to use 100% leverage.
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19 November 2024 | 5 replies
If you want to JV your wholesale deals you want to do it with someone you know, like, and trust over time and have met in person.There’s nothing more wasteful and inefficient (in the private sector) than financial intermediaries engaging in a “daisy chain” to try to close “undoable” deals.
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26 November 2024 | 3 replies
Since I will have owned it only 3 years, the property value increase is minimal ($35K) and closer to $15K once I pay a listing agent and closing fees.2) Gift it to #2 son now and let him pay the Capital Gains tax at his rate (0%) when we sell next year.
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23 November 2024 | 2 replies
Monthly rent is $1,850 and plan to increase next year.
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28 November 2024 | 5 replies
There should be other options, however with an LLC and fourplex - yes, DSCR is by far most likely to be your best option unless you do the heavy lifting with local banks and credit unions (and these are increasingly not great options for this type of stuff as they move painfully slow and are under lots of regulations and restrictions)2) I haven't yet reached out local banks, but seeing the quotes from brokers makes me wondering if Banks may be better?