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22 January 2025 | 0 replies
Future enhancements include the planned Silver Line rail alignment with nearby stops, as well as potential commuter bus services, pedestrian paths, and bike lanes.The development benefits from proactive rezoning by the city, transitioning the land from industrial to mixed-use urban development.
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12 January 2025 | 2 replies
I walked to the house and met a man who says he was cleaning out due to the loss of their mother in some few weeks back.The guy told me she is left with 12 years mortgage on the property to pay the bank.
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11 February 2025 | 0 replies
However our smaller communities are being left behind, our properties are not up to current building codes, roads & utility infrastructure are aging.
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17 February 2025 | 15 replies
Do some research into both areas to see which aligns best with your financial goals.Good luck, and feel free to reach out if you need more help!
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3 February 2025 | 4 replies
That leaves $400 to cover taxes, maintenance, vacancies, etc.Now, let's pretend ALL your expenses come to $2,600 and you have $400 left over.
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19 February 2025 | 4 replies
and also like what I do Utilize as STRs: You furnish and list these properties as short-term rentals (STRs) on platforms like Booking.com or Airbnb.Generate Cash Flow: The higher rental income from STRs, compared to long-term rentals, allows you to cover your mortgage/lease payments, generate positive cash flow, and potentially have funds left over for further investments.Positive Cash Flow: STRs often generate higher rental income than long-term rentals, allowing you to cover your costs and potentially profit.Tax Advantages: You can often deduct expenses related to your STR business, such as mortgage interest, property taxes, and maintenance costs.
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5 February 2025 | 54 replies
(I have $80K left on mortgage)My newest property, I bought this year for $125K, I put $60K into it but with a HML, so cash out of pocket was about $20K, I just refinanced it and am putting up for rent for $1800, my PITI is $1600.
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23 February 2025 | 16 replies
I had to redo a bathroom last year in a 2/1 in an occupied duplex I own and I spent $6,004 in labor and materials (10% off at HD/Lowes as a veteran, just didn’t do flooring and left the old vanity, doesn’t include the damage the leak did in the lower unit).
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29 January 2025 | 32 replies
The last of the most important criteria is that the sponsors interest be aligned, to the greatest extent possible, with the interests of the investors.
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23 February 2025 | 3 replies
I ask because the price bubble we are in has left rentable house prices elevated compared to rental rates.