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21 August 2024 | 8 replies
I'm a bit over budget on those at the moment - looking for ways to bring those costs down though.Todd - Gross revenue for other similar sized units in the area are between $25,000 & $30,000.
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19 August 2024 | 2 replies
Quote from @Jeremy Burnheimer: There are six things required to classify a space as a legal bedroom:Minimum bedroom size: At least 70 square feet, but local code may require more.
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21 August 2024 | 7 replies
This might offer more security but also could complicate tax reporting.Taxation of Y as an S Corp:If Y is profitable, electing S Corp status could reduce self-employment taxes, but it also comes with more stringent IRS rules.
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22 August 2024 | 53 replies
Someone already mentioned Saskatchewan, there are places in Alberta (Lethbridge, Red Deer, Medicine Hat) which are a decent size.
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19 August 2024 | 0 replies
For a more in-depth view of the Las Vegas investment market, DM me for a link to our blog site which contains more information on investing in general and investing in Las Vegas in particular.Before I continue, note that the charts only include properties that match the following profile, unless otherwise noted.Type: Single-familyConfiguration: 1,000 SF to 3,000 SF, 2+ bedrooms, 2+ baths, 2+ garage, minimum lot size is 3,000 SF.Price range: $320,000 to $475,000Location: All zip codes marked in green below have one or more of our client’s investment properties.What we are seeing:The chart below is from the MLS and includes all property types and price ranges.We're observing the typical seasonal slowdown in prices and inventory that starts in July because fewer people are buying properties and moving as school resumes in mid-August.Rental Market TrendsThe charts below are only relevant to the property profile that we target.Rentals - Median $/SF by MonthRents had a slight drop MoM ($1.19/SF vs $1.20/SF).
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23 August 2024 | 181 replies
Everyone seems to be sitting tight thanks to forbearance and PPP/EIDL from their employers.
21 August 2024 | 182 replies
There have been some great studies pointing out how new home building has doubled in size from the previous post-WWII US housing boom.
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19 August 2024 | 4 replies
For a fix-and-flip scenario your max loan amount would be based off your experience and can go as high as a % or purchase although it is more common to get 90% as the loan size is typically restricted by the percentage of the ARV for that program.
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18 August 2024 | 0 replies
There is extra sleeping in the twin-sized daybed in the foyer area or on the comfortable sleeper sofa the Wild Dunes Golf Resort, located just 20 minutes from historic Charleston!