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24 January 2025 | 0 replies
Typical renovations include:Cosmetic Updates: Painting, flooring, kitchen and bathroom upgrades, and landscaping.Structural Repairs: Fixing any underlying issues such as foundation repairs, plumbing, or electrical updates.Efficiency Improvements: Adding energy-efficient windows, new HVAC systems, and better insulation to increase the property's overall value.The goal of the rehab phase is to increase the property’s market value while making it an attractive place for tenants.
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31 January 2025 | 12 replies
Typically, you can only do one rollover per 12-month period (again, IRS Publication 969 has the details).In the end, having the option to invest your HSA funds is usually a better bet than letting them sit in a basic savings account.
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25 January 2025 | 3 replies
Typically will be rent by rent strategy (which is tough for none owner occupants) or College rental.
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31 January 2025 | 6 replies
@Joshua Martin,If there’s a chance you’ll sell next year, a HELOC might be the better move since it typically has lower upfront costs compared to a cash-out refi.
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21 January 2025 | 1 reply
The average home value stands at $562,718, marking a 5.1% year-over-year rise, and homes typically go pending in approximately 30 days.
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7 February 2025 | 41 replies
We are currently at a low affordability rate, which is typically a leading indicator of slowdown and price trend change.
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7 February 2025 | 12 replies
This will make it a lot easier to manage, will cost you less than buying on the market and typically you can get 1:1 rent returns.
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5 February 2025 | 54 replies
You may not need to visit each property you buy in that area though.4) Unless you are buying Class A turnkey, you should have a PMC.5) See below copy & paste info:-----------------------------------------------------------------------------------------------------Recommend you first figure out the property Class you want to invest in, THEN figure out the corresponding location to invest in.Property Class will typically dictate the Class of tenant you get, which greatly IMPACTS rental income stability and property maintenance/damage by tenants.If you apply Class A assumptions to a Class B or C purchase, your expectations won’t be met and it may be a financial disaster.If you buy/renovate a property in Class D area to Class A standards, what quality of tenant will you get?
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16 January 2025 | 5 replies
What kind of returns are you typically seeing on these deals?
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29 January 2025 | 20 replies
If you hire a PM, they typically charge 15~25% of the gross.