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24 October 2024 | 13 replies
Can try to reposition to Class B, but neighborhood may impede these efforts.Vacancy Est: Historically 10%, but 15-20% should be used to also cover tenant nonpayment, eviction costs & damages.Tenant Pool: majority will have FICO scores of 560-620 (approaching 22% probability of default), many blemishes, but should have no evictions in last 2 years.
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21 October 2024 | 18 replies
Open a coffee-trailer or a roof cleaning business, or sell tools on TikTok... and then invest in real estate.I have been investing in Milwaukee for 15 years, which is probably one of the better cash flow markets and I am in the same boat as everyone else its hard to find deals worth buying.
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25 October 2024 | 6 replies
In the process, you will be covering the tab for some nice family vacations for whomever you hire to set up this structure.....My advice to anyone who wants to spend on anything beyond an LLC in the state in which they live or where the property is located should first be able to articulate the following:1.
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22 October 2024 | 4 replies
JAX: Built 4 townhouses (built a 4plex of townhouses so we don't share roof, etc. with other owners); 1 SF; then acquired 3 SFs from another investor during COVID.
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25 October 2024 | 12 replies
Damn, wait just so I understand -- Buyer's agent stuck with 3% and buyer paid $10k more to cover that.
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23 October 2024 | 5 replies
I’ve created a spreadsheet with prices for major items such as water heaters, roofing materials, appliances, and other big-ticket repairs.
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24 October 2024 | 19 replies
Insurance would cover it, I would pay the deductible, and no assets would be lost.If you are in an area like San Diego where people are more likely to sue, a judge is more likely to find you guilty, and the payout is likely to be higher, then you may consider an umbrella insurance policy.
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18 October 2024 | 5 replies
Two of my rentals have some leaking from the ceiling in the rooms and don't see much actual damages on the roof itself.
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15 October 2024 | 24 replies
Its an LLC so I probably wont be able to make them pay for the roof repair, right?
21 October 2024 | 1 reply
The inspector checks the plumbing and electrical systems, the roof, the foundation, the HVAC system, and the general structural condition.