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30 December 2024 | 5 replies
Better still, the recessed handle trim is visibly chipped (stands out as bad.)
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4 January 2025 | 23 replies
Congrats on getting the property early and for putting in the grind to get the property in a better place.
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5 January 2025 | 13 replies
@Tove Fox - Residential Real Estate InvestingPros:Lower Entry Costs: Easier to get started with less capital required.High Demand: People always need homes, making demand relatively stable.Easier Financing: Mortgages are generally easier to secure with favorable terms.Simplicity: Easier to understand and manage, especially for beginners.Flexibility: You can use it as a personal residence or rent it out.Cons:Tenant Turnover: More frequent turnover leads to vacancy and more management.Lower Cash Flow: Income potential can be modest compared to commercial properties.Emotional Buyers: Residential prices can be influenced by emotions, leading to price volatility.Maintenance Burden: Landlords often deal with repairs and maintenance, which can be time-consuming.Commercial Real Estate InvestingPros:Higher Income Potential: Stronger cash flow and higher returns are common.Long-Term Leases: Tenants often sign longer leases (3-10 years), reducing vacancy risk.Professional Tenants: Business tenants tend to take better care of the property.Valuation Based on Income: Prices are based on the income the property generates, not market emotions.Shared Costs: Tenants often cover property expenses like taxes, insurance, and maintenance (via triple-net leases).Cons:High Entry Costs: Requires more capital or partnerships to get started.Complex Management: More expertise is needed; you may need a professional property manager.Economic Sensitivity: Commercial properties are more sensitive to economic conditions.Challenging Financing: Securing financing can be harder, with stricter terms and higher interest rates.Zoning and Legalities: More complex regulations compared to residential properties.Key Differences:Risk: Residential tends to be lower risk, while commercial offers higher rewards but with greater risk.Management: Residential is easier for DIY investors, while commercial properties usually require a team.Scalability: Commercial properties are easier to scale, offering more potential for significant cash flow increases.
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30 December 2024 | 10 replies
It is sometimes better not to sell to this buyer than deal with the year long headaches that follow.
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17 January 2025 | 24 replies
Oh, and in today's mail I found out they are transferring my SDIRA to Inspira as well, because they say I will be served better.
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30 December 2024 | 7 replies
- Would it be better to send my proposal and negotiation request via email first?
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30 December 2024 | 1 reply
It is still better than putting 20-25% down and not forcing equity appreciation though.In reality, before you start getting investors lining up to fund 100% of your deals you will probably need to prove yourself in some way.
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31 December 2024 | 57 replies
In person is always better than sending a contractor, because you get to see the unit and talk to the tenant.Not sure where your property is located.
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5 January 2025 | 18 replies
Their advantages include house hacking which includes better finance options and hustle.My last purchase was so large cash negative that the rents were $3k less than PITI.
31 December 2024 | 15 replies
What you are doing is working quite well, but of course, just like everyone here, we want better, we want more