John Williams
Downside of the 1% rule...
23 December 2024 | 34 replies
That's about what I'll get in the stock market plus I'll be liquid (as opposed to underwater the first couple of years) and it's just push button.
Carl Rowles
Is it worth it? Mobile Homes?
16 December 2024 | 17 replies
You can look at a mobile home and see it as an easy rental with new carpet, trim and some paint but there are other bigger uglier expenses that can come up.Roof Replacement, soft floors (water damage) in kitchens and bathrooms- most floors are particle board, exterior door replacement (special order), underbelly insulation falling, bad hot water tanks with rotten floor underneath (real joy), bad windows (water again), bad bloated siding (water), water damaged base frame around perimeter of home, cracked tubs (special orders) and frozen pipes (Good luck finding a plumber to come work on a mobile home- they do not exist).
Albert Hepp
Are you seeing Flat Fee Buyer Agents in your market?
3 January 2025 | 26 replies
Less transparency generally hurts consumers as opposed to helping them.
Kevin Collins
REI Nation Experience
31 December 2024 | 32 replies
@Kevin Collins I apologize; my response came out a little rough around the edges and I assume that you certainly have done your homework prior too.... but that is a bit of my point... nothing will change when you go and work with a realtor and find investment properties yourself... figuring out what the property is worth IS PART OF THE ANALYSIS (if that's important to you) and because of this it is no different than other than you should now be verifying what the realtor will tell you it's worth as opposed to what the turnkey is telling you.
Connor Williams
Lender to offer low financing for new construction builds?
12 December 2024 | 6 replies
Definitely what I was thinking and sounds like it can be done. 5.25-% rate on a 1.2$ house is definitely more appealing and opens doors up as opposed to 6.7+ rates.
Jewell Arceneaux
BRRRR- My first home investment
11 December 2024 | 6 replies
There is no given answer here, because the whole property needs to be relatively consistent.Kitchens and baths are the common answer, but if they are passable and you choose to invest in them anyways at the expense of peeling paint (or off putting exterior color) and overgrown landscaping, the appraiser and tenant will be walking up with a bad taste in their mouth, thereby not valuing the interior work you have done.But think about the general flow of someone looking to rent: more bedrooms will typically dictate more rent.
Lorraine Hadden
Should The Seller Reimburse Buyer For The Inspection Costs - Fixer Not Move-in Ready!
11 December 2024 | 5 replies
We (the buyers) notified our agent that the property must also be move-in-ready.We received images of the interior and exterior which showed the property in move-in ready condition/what appeared to be minimal to no deferred maintenance issues, the listing said "property inmove-in condition/turn-key".
Matthew Morrow
4 out of 5 new tenants evicted or arrested....
17 December 2024 | 16 replies
IMO Most of the time, people lose lawsuits or settle for much less due to laziness and lack of rock-solid knowledge about the illicit/illegal acts the opposing side committed.
Catherine Javier
Keep, refinance or sell?
18 December 2024 | 15 replies
Exterior attachments like decks and stairs are always HOA issues so I can't fathom how the driveway is not.
Dakota Williams
Please help new investor!
10 December 2024 | 8 replies
You could make exterior improvements while it is rented.