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23 February 2025 | 5 replies
Can you subdivide and sale extra land from these two properties?
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13 February 2025 | 5 replies
But yea I’d have to call and figure out if I would need to pay anything extra for that
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13 February 2025 | 123 replies
I'm living off of cash reserves and burning through it - there is a well dry date looming on the horizon.
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5 February 2025 | 6 replies
Willing to go the extra mile here based on the numbers.Thanks!!
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11 February 2025 | 11 replies
When that happens, it becomes a race to the bottom.I'm not saying don't invest there, but be extra cautious and maybe look for something that makes it unique.
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12 February 2025 | 19 replies
This doesn't seem like it really requires much extra work except on the front end actually getting licensed.
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5 February 2025 | 17 replies
Extra 4 months of carrying costs are up most of the margin.
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12 February 2025 | 4 replies
It's easy to obtain, costs very little, and doesn't require extra, on-going effort to maintain.
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24 January 2025 | 13 replies
Otherwise, they will just end up ignoring you and you'll get frustrated. 3) Naive/newbie investors get burned all the time by only looking at the numbers - w/o fully understanding how the location/property/tenant will affect those numbers.- They often get sold Class C or D properties while using Class A assumptions - then wonder why they are losing money.Here's some copy & paste info that you hopefully find helpful:-----------------------------------------------------------------------------------------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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14 February 2025 | 6 replies
Ensure your contractor has a clear timeline, keep extra cash reserves, and start marketing your rental rooms early.