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27 February 2025 | 11 replies
Prop tax's there are over the top many times.. and can move drastically from one year to the next.. or if it had a owner occ exemption or was being taxed as a lot and is a new build.
13 February 2025 | 9 replies
Rent in full on time every month with little to no turnover/vacancy.
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8 February 2025 | 5 replies
If at one time the house had gas heat it may still be rated as gas.
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27 February 2025 | 20 replies
The bad ones will want 50% upfront, you'll have to plead for update pics, they'll find reasons to increase their initial bids (multiple times) and will want final payment before meeting you for final walk-thru.Many investor-friendly agents have NEVER owned a rental, so you can't really rely on their advice.
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27 February 2025 | 12 replies
But, we at the same time made the experience of finding meetups on our website way worse with an update a few years back.
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27 February 2025 | 11 replies
You want to make sure your lender understand this as lot do not and you will waste a lot of time if you are trying to borrow more then what you purchased the house for.
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27 February 2025 | 3 replies
**South Mountain** - Still relatively affordable with growing appeal to first-time homebuyers2.
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17 February 2025 | 3 replies
EDUCATE YOURSELF - yes, it will take time, but will lead to a selection that better meets your expectations & avoids potentially costly surprises!
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27 January 2025 | 12 replies
Also, focus on 2 years of job/income stability.Class D Properties:Cashflow vs Appreciation: Typically, all cashflow with little, maybe even negative, relative rent & value appreciationVacancy Est: 20%+ should be used to cover nonpayment, evictions & damages.Tenant Pool: majority will have FICO scores under 560 (almost 30% probability of default), little to no good tradelines, lots of collections & chargeoffs, recent evictions.
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16 January 2025 | 4 replies
A great way to get started if you currently have a W2 job is to buy a house hack like a duplex or a fourplex where you can move into one of the units and continue to rent/manage the other units.