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8 October 2024 | 10 replies
Would switching the property to my LLC help for looking for future investment properties?
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10 October 2024 | 2 replies
Moving forward, I’ll make sure I have a buyer’s agent in future deals.
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9 October 2024 | 1 reply
In my thirty years in Florida, I’ve never witnessed such devastation, which makes me wonder if this is a new weather trend foreshadowing the state’s future, or just a once-in-a-while event.Regardless, there are already websites and news articles discussing the so-called "Great Florida Migration."
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9 October 2024 | 2 replies
The inputs for the image in this screenshot are as follows:500k purchase price duplex.Rent each side for 2k/month (this is after you move out)5% down paymentClosing costs: 7k6.4% interest rateInsurance: $250/monthUtilities (paid by owner): $400/monthVacancy budgeting: 5% of monthly rentMaintenance budgeting: 8% of monthly rentCapEx budgeting: 7% of monthly rentEven though you are negative $312/month after budgeting for future expenses, your net worth ROI is massively positive.
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9 October 2024 | 6 replies
This will hurt the tenant's credit score, it will warn future landlords when they run a credit check, and it will prevent the tenant from qualifying for a personal loan, home loan, etc.
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9 October 2024 | 1 reply
If we did this, it wouldn’t make much sense to include my brother since he has not been involved but I would like to include him as we are planning on acquiring more properties in the future.
11 October 2024 | 27 replies
I cant tell you how many times I've had to explain to investors that there is no magic DSCR wand that eliminates the personal credit risk/impact or allows them to borrow 100% of the purchase price or whatever. 99% of DSCRs require a PG which WILL impact DTI on any future loans, whether SBA, mortgage, consumer, etc.
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8 October 2024 | 0 replies
If a property management company faces a data breach, it can significantly reduce the property’s value, impact lease renewals, and affect the attractiveness of future investments.PropTech Startups:The surge in PropTech (property technology) startups has brought innovation to the real estate sector, including platforms for digital transactions, property management, and AI-powered real estate analytics.
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8 October 2024 | 5 replies
Dear Community/Future Friends,I hope you’re doing well.
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9 October 2024 | 2 replies
I do not want to be cruel and want to give heads up for a future time period.