
9 September 2024 | 4 replies
As soon as she started to fall behind/be late more than once, I'd not renew her lease especially if tenants aren't communicating with you.If there is extensive mold, tell her to remove her items so you can treat the property.

9 September 2024 | 12 replies
Given your extensive experience, you’re already in a strong position.

10 September 2024 | 8 replies
In my leases tenants are responsible to pay for their own utilities and change air filters.

8 September 2024 | 4 replies
I would also keep the current property you have an maybe look into how you can utilize your equity (HELOC-make sure you connect with a lender about what this will look like for you) to buy additional properties.

12 September 2024 | 32 replies
I have also considered the long-distance option, but my first goal is to utilize my VA loan, which means I have to live within the multifamily property until I have met certain criteria to move on.

9 September 2024 | 28 replies
After expenses and utilities you net $1,000 profit but it cost you $15,000 to furnish the house and you only have a 1 or 2 year lease.

8 September 2024 | 9 replies
These sites require sophisticated contracts, extensive investigation and insurnace.

9 September 2024 | 3 replies
Issues like contractor delays, supply shortages, or unforeseen repairs can extend your timeline, which adds to your holding costs (mortgage, utilities, etc.).Tip: Factor in extra time for delays and have a backup plan to stay on track.Over-Renovating: Many new investors fall into the trap of over-improving a property, especially when they try to bring in their own taste.

10 September 2024 | 13 replies
Make sure to factor in 5-10% vacancy, taxes, insurance, mortgage, repairs & maintenance, lawn care, pest control, management fees, utility costs (goes in your name when vacant), turnover costs, and capex reserves.

9 September 2024 | 8 replies
I'll refi in 12 months utilizing the built in equity plus what I earn this year to avoid a huge down payment.