
11 November 2024 | 10 replies
I actually have two options for this property: 1) Rent out the existing 25 storage units AND rent out the building plus add the 25 additional units out of pocket.OR 2) Rent out the existing 25 storage units and added the 25 additional units out of pocket to rent them out BUT keep the metal building for my GC business to where we have offices and storage for building materials.

9 November 2024 | 5 replies
I think this would make sense in the long run for the rental property as it will extend the life of everything it touches like the Sink, faucets, showers, water heater, dishwasher, and Clothes washer while also providing clean drinking water in addition to the reverse osmosis drinking water system I already have installed.The main problem with this hardness level is that we get a major deposit buildup on all of these items, which will eventually clog up the faucets for tenants and lead to rusty shower enclosures that take forever to clean.In addition to this, it looks like we could likely have the salt added every couple of months by the property managers in addition to that it would allow for a quick inspection from them, and then also we would instead bill the cost of the service onto the ledger for the tenants.For reference, it does not look like the landlords in the area have water softeners.Thank you everyone for your input ahead of time.

11 November 2024 | 3 replies
We plan to take all extra income after that and pour it into real estate investing.

14 November 2024 | 13 replies
Or is qualification your main preference 1-4 unit fha conventional loans will qualify off DEBT to INCOME or DTI while commercial portfolio loans will qualify off DSCR or debt coverage service ratio (this assume you’re not going to live there if you’re going to a credit union).So you asked a loaded questioned but I gave you some questions/answers to think about if you could provide more information perhaps more commentary can be added further.

13 November 2024 | 8 replies
I see your point; adding more units could be worthwhile.

11 November 2024 | 4 replies
With this set up, we were able to get a DSCR loan through Kiavi with only a few extra steps compared to an LLC.

11 November 2024 | 4 replies
I'm getting good results for our clients with postcards and some paid ads, but I'm looking at implementing cold email and cold calling as well.Any good companies to buy lists from?

17 November 2024 | 33 replies
That is basically an extra tax return, legal fees for setup, bookkeeping costs (if you aren't doing it yourself), possibly an umbrella policy.

11 November 2024 | 19 replies
I am working on what to fill the extra time with at the moment.

6 November 2024 | 54 replies
Maybe they are adding in Earthquakes that would change things a lot..