
22 November 2024 | 7 replies
Currently we have about 135 tenants, not including parents who call/email me whenever they want due to having a bunch of needy, entitled honestly 22ish year olds.

19 November 2024 | 13 replies
They need to do all their due diligence including understanding the value that will be added by the ADU, the finance options available, the consequences of adding the ADU (rent control, property taxes, rental limitations, etc), etc.Good luck

20 November 2024 | 9 replies
Study landlord basics, especially on what to include in your lease (going forward you will ALWAYS have a written lease).(2.5 Learn from mistakes and don't repeat them.)

18 November 2024 | 1 reply
I am planning to include the estimated property value and the funds that will be transferred into the business bank accounts.

26 November 2024 | 35 replies
Everything I own is in an LLC including my residence.

12 November 2024 | 2 replies
We have no ground even do anything even i have a buyers line up now.

20 November 2024 | 9 replies
Those are generally at least 1 of the following:1) Where they currently live2) Where they grew up3) Where they currently have family/friends living (if not included in #1 or #2)4) And as a last resort, an area where they like to travel/vacation frequently

20 November 2024 | 11 replies
Quote from @Carlos Lopes: Gross income doesn't matter.This is the number most people post, and it's 92.7% useless.What you need is NET income, meaning the money left over after all expenses, and that should include a dollar amount for your personal time spent operating the business.

18 November 2024 | 6 replies
Financing options include cross-collateralization, cash-out refinance, and DSCR loans.Good luck!

21 November 2024 | 16 replies
At the end of the day, you'll still need good credit, income (rental income from the property will suffice for DSCR loans), and cash to close, including a downpayment (likely 20%+).