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5 December 2024 | 11 replies
Definitely start with local meet-ups and as you go along you will find people and maybe companies that align with your vision and goals.
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3 December 2024 | 3 replies
Phase #1 - Recovery - characterized by high vacancy rates and no new construction- rent, during this phase, is flat or declining- owners offer rent concessions to avoid their property occupancy rate from decliningPhase #2 - Expansions- characterized by declining vacancy and the start of new construction- occupancy improves, concessions are not being offered, and rental rates being to growPhase #3 - Hyper Supply - characterized by new construction and vacancy rates beginning to rise - rental rates begin to grow at a slow rate- rent concession are being offerred due to the new construction in the area [in the hope of retaining current renters]Phase #4 - Recession - characterized by the completion of construction and a decline in occupancy rates - concessions are abundant to avoid high move-out rates Here are some foundational truths about optimizing your investments:#1 sow seeds of success in the down times - "The season of failure is the best time for sowing seeds of success."
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3 December 2024 | 40 replies
Our other rentals in completely different areas, we have a duplex in Penfield (east side suburb, our primary residence) and a duplex in the south wedge.
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4 December 2024 | 6 replies
I figured as much since you had a bunch of question marks and exclamation marks in there and a few incredulous capital letters :) .
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3 December 2024 | 5 replies
I have used Hero mortgage for a portfolio of houses in Texas and a STR purchase in FL.
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7 December 2024 | 18 replies
Then moved out and we're sharing another house hack with less than $200 out of pocket monthly for utilities and internet while using 3 bedrooms and a bonus room for ourselves.
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5 December 2024 | 34 replies
Although solar is a fun idea and a cool concept, it has yet to really be 'figured out'.
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5 December 2024 | 10 replies
For example, certain states like CA and MA have "claw-back" provisions, some states have withholding requirements, PA has some funky 1031 exchange laws, etc.Work with a rockstar QI (like @Dave Foster) and a real-estate-savvy tax professional to ensure you don't fall into any traps.
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5 December 2024 | 554 replies
And a lot of reasons why Ethereum is good.
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4 December 2024 | 10 replies
The insurance would not be valid for two reasons:1) the insured “individual” is no longer the owner2) the insurance was for an owner occupant, not a rentalMost people DO change the insurance to reflect the llc as owner and as a rental.