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16 December 2024 | 19 replies
Just provide notice that the inspection will occur on X date at X time and and then send the inspectors in.
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2 January 2025 | 12 replies
This provides extra peace of mind in case your upleg does not work out or the seller or lender will not deal.4) Truly retire for real estate ownership.
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30 December 2024 | 12 replies
Finding an agent that knows the market and can find you properties that provide a profit (for both of you) is worth the effort.One more thing about the contract . . . be sure to read the ENTIRE document and ask for clarification is needed.
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25 December 2024 | 11 replies
If one or more units are vacant, the remaining units often don’t provide enough cash flow to cover expenses, making it harder to meet operating costs.Maintenance costs: A fourplex comes with four times the appliances, plumbing, HVAC systems, and other components to maintain, leading to significantly higher repair and maintenance expenses than single-family homes.If you want to see the detailed calculation, read this BP blog - More Units Doesn’t Mean More Money—Why a Single-Family Home Can Beat a Fourplex.Resale value: Multi-family properties have a limited buyer pool—mainly investors—who base their offers on CAP rates.
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29 December 2024 | 24 replies
And you can provide a good value by charging a lot less than the big operators.
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23 December 2024 | 9 replies
Ensuring transparency and efficiency in managing owner resources is critical1.Clear Communication on Costs: Provide owners with detailed breakdowns of repair costs and explanations for necessary expenses.
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7 January 2025 | 16 replies
I was able to rent it right away through insurance providing temp housing.
29 December 2024 | 9 replies
If the building cannot be salvaged, a lender could still provide financing for land value less demo cost.
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25 December 2024 | 2 replies
I worked with a company providing turn-key rentals.
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30 December 2024 | 16 replies
The operation of an STR has almost nothing to do with real estate and 100% to do with hospitality, that is where you can distinguish yourself from other operators, provided you made a good decision in your initial purchase.