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10 July 2024 | 11 replies
I have concerns over a tenant prospect and I consider ending a lease and easier option than evicting.
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9 July 2024 | 6 replies
I am liking what I am reading as far as the terms and options are concerned with Quickline Capital.
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11 July 2024 | 24 replies
I'm in a similar boat and really want a partial STR, partial vacation home in CA, but I'm concerned with all the regulation and comments.
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8 July 2024 | 35 replies
However, being close to the National Park makes typical travel time longer and being closer to the Four Seasons Resort can be accompanied by high HOA fees.
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10 July 2024 | 18 replies
Property is a C class area, so I am concerned about the quality of tenant I will get but I am close to Ohio State University, a hospital, and short north/downtown columbus so I am hoping as long as I screen tenants I can find some promising people.
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10 July 2024 | 50 replies
In our Guide, one of the sections concerns starting up your own business and working from home.
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10 July 2024 | 11 replies
If you're concerned with interest, you could do a consolidation exchange and purchase fewer properties for cash using the proceeds of several old properties sold for cash without taking out a loan and let those work for you till interest rates are in your favor.
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10 July 2024 | 256 replies
Google searches such as "[first name] [last name]" accompanied by "fraud," "ripoff," "scam," lawsuit," "judgment," etc. are good to run as well.Search for podcasts featuring Jeremy Roll where he discusses due diligence and underwriting.
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9 July 2024 | 8 replies
Quote from @Deepak Wontakal: My concern is that you're asking us these questions at all.
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9 July 2024 | 5 replies
The current market value of the home is about $645,000.Key Details:Purchase Year: 2020Purchase Price: $415,000Current Market Value: $645,000Mortgage Interest Rate: 2.99%Equity: $320,000Current Monthly Cash Flow: $1,450Return on Equity (ROE): 5.44% (without variable expenses)Return on Investment (ROI): 14.5% (without variable expenses)However, I've noticed some trends that are starting to concern me:- Home prices in my area are slightly reducing, and rental prices are also on the decline.- There are more houses listed for sale and rent in the neighborhood, which is pushing rent values down.- My current lease is up in September and the tenant is leaving, and I expect my monthly cash flow to reduce to $950, lowering my ROE to 3.57% and ROI to 9.5%, again, without variable expenses.- Homes are staying on the rental market for a few weeks, sometimes months, even at lower prices.