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27 May 2024 | 4 replies
Not all investors share the same goal.If it's strictly positive cash flow, you're going to have a tough time meeting that goal while living in one of the units these days in Belmont Shore.Under the current economic decisions, if you're going to live in one of the units, a more realistic goal might be to subsidize your mortgage with the other two incomes to bring your mortgage payment down, build equity, ride the market appreciation, force some appreciation of your own, refinance when rates are in your favor to crush the mortgage payment down, and keep positive cash flow for a long-term goal.Belmont Shore is a nice area where homes hold their value well and enjoy good appreciation as well as strong rents and in general, the type of renters landlords are looking for.Belmont Shore is also a good area for short-term rentals and you may want to consider renting one unit as an LTR and the other as an STR.Ultimately, your situation is going to dictate whether this triplex is a good investment for you and your husband but as a Long Beach resident, I know that Belmont Shore is an area that people aspire to buy a home in.
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27 May 2024 | 1 reply
Hope everyone enjoying Memorial Day weekend.
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26 May 2024 | 14 replies
I don't enjoy the tedious repair work associated with my own home so I felt it didn't make sense for me to drive myself mad with repairs on rentals as well.
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30 May 2024 | 43 replies
I enjoy reading different viewpoints in BP.
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25 May 2024 | 7 replies
Also lots of small things filter & smoke detector batteries need changed, hardware is missing from one cabinet.
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30 May 2024 | 93 replies
Still have that safe investment and maybe have to wait a little longer to enjoy that money while you make a some more long term.
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27 May 2024 | 32 replies
Enjoy all this crazy awesome content.
26 May 2024 | 0 replies
Outside of real estate, I enjoy spending time with my family (wife of 10 years, 8 year old daughter, 4 year old son, and Bernedoodle), strength training, and playing guitar.Excited to learn and connect with you all!
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26 May 2024 | 4 replies
Also, net negative is ok right now as long as you are getting the enjoyment as @Tanner Lewis said.Think of it this way - uneven is the best option.
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30 May 2024 | 63 replies
The benefit is that you get to enjoy your money along the way with some amazing tax write offs.