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17 January 2025 | 2 replies
Roads, water, sewer, gas, electric, etc..I'm also here for any discussion on any other items that might be of note, trying to learn as much as possible on this front.
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13 January 2025 | 5 replies
The other business I run is reselling, listing items on eBay & FB.
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28 January 2025 | 19 replies
Make sure that your spouse changes some of the items.
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11 January 2025 | 14 replies
The PM should provide itemized items of what was done.
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16 January 2025 | 6 replies
An example was a line item for alimony (I am single and have never been married).
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16 January 2025 | 6 replies
So using your words "Lockup" the property but make sure your offer includes due diligence items to protect yourself.
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11 February 2025 | 167 replies
It's no different than those who hold stocks, then need to liquidate to purchase items.
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28 January 2025 | 7 replies
With current interest rates, and they are at least 1% higher with potentially additional points for non owner occupied property, it is hard to find properties that will allow for positive cash flow after paying the mortgage, if you are looking for money for the down payment from a private lender, those are normally at higher than market and I am not sure it would be possible to pay it off.... please remember you need to take into account that you may not have a tenant for a certain amount of time, a tenant may stop paying rent, or you will have a big ticket item to fix, so I would wait if I were you and save to have enough for the down payment and closing costs and perhaps some money set aside for repairs. you also want to make sure that you have your own emergency fund outside of the money needed for the investment property because life happens ....
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10 January 2025 | 4 replies
Also, how old are your capex items?
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15 January 2025 | 7 replies
I would highly encourage paying a GC to walk deals out the gate, have them give a scope of work so you can see what items costs.