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16 May 2024 | 74 replies
The tenant occupied side is $950 a month.I am actively looking for more opportunities via MLS, direct mail, and client referrals.
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16 May 2024 | 18 replies
Whether that is okay for you or not is up to you, but it is very common to be negative cash flow, given that it is not accounting for what you are gaining in illiquid equity via amortization or appreciation. 7.5% is probably about right if that is what your lender was saying.
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16 May 2024 | 17 replies
Happy to chat more during your process via DM if you'd like, I think you have a lot of potential!
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15 May 2024 | 17 replies
I would second Bonnie, If we could look at the listing via link we can provide some more productive and effective feedback.
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14 May 2024 | 2 replies
Happy to discuss further via DM if you'd like.
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15 May 2024 | 16 replies
I literally just joined their investing club a few days ago, joined one of their club meetings via web call...
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15 May 2024 | 20 replies
I finally sent a text that there was to be no more communication via phone or text unless it was a maintenance issue.
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14 May 2024 | 6 replies
Anyone have thoughts on moving the two thermostats to the hallway, putting them on my phone for monitoring via wifi with a lock of of xx degrees, and including it in the rent?
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14 May 2024 | 13 replies
The only platform to buy and sell these is their own marketplace here: https://www.lofty.ai/marketplacethey send out property updates, repairs etc, via discord channels.
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12 May 2024 | 1 reply
Research comparable properties in the area to gauge pricing, rental rates, vacancy rates, and demand.Property Insurance: Obtain quotes for property insurance to understand the potential costs and coverage options.Survey: Consider getting a property survey to confirm boundaries, easements, and encroachments.Due Diligence Contingencies: Include due diligence contingencies in your purchase agreement to allow time for inspections, assessments, and resolution of any issues uncovered during the process.Risk Assessment: Identify and assess potential risks associated with the property, such as market volatility, tenant turnover, maintenance costs, or regulatory changes.Exit Strategy: Develop a contingency plan or exit strategy in case the investment doesn't meet your expectations or unforeseen circumstances arise.By thoroughly conducting due diligence, you can minimize risks and make an informed decision about purchasing the property.