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12 September 2024 | 3 replies
If not, then it's probably a common thing there.
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18 September 2024 | 67 replies
Its common place and I just dont have the time to combat the bad reviews or expend the energy.
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13 September 2024 | 3 replies
This is a very common mistake that investors make and it will cut into your rent and days on market by a lot.
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12 September 2024 | 6 replies
A common mistake I see for new STRs is making sure to fully understand what your property manager does.
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13 September 2024 | 16 replies
Here's some guidance on buying your first investment property in Southern California or Columbus, Ohio:Down payment:For investment properties, lenders typically require 15-30% down payment on your first investment15% down is possible with excellent credit (700+ score)20-25% down is more common, especially for multi-unit propertiesSection 8 considerations:Pros:Guaranteed portion of rent from governmentPotential for longer-term tenantsMay be easier to fill vacancies in some areasCons:More paperwork and inspections requiredRent amounts set by local housing authorityPotential property damage concernsOther tips:Research local markets carefully - price trends, rental rates, etc.Factor in all costs - taxes, insurance, maintenance, vacanciesConsider starting with a single-family home or small multi-unitBuild a team - real estate agent, property manager, contractorsHave cash reserves beyond just the down paymentUnderstand landlord-tenant laws in your chosen locationI'd recommend talking to local real estate agents in both areas to get more specific market insights.
14 September 2024 | 10 replies
Its best to discuss your scenario further with a investor friendly lender so they can best advise and help you plan to build your investment portfolio because if you make one bad investment that can derail your progress.
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13 September 2024 | 11 replies
Though accidents could happen, 99% of the time these issues that most people need to get policies for are due to the lack of common sense or for someone accepting responsibility for their actions.
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15 September 2024 | 61 replies
The tenant threats scenarios are too funny.
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13 September 2024 | 9 replies
While there is always a chance they are not disclosing things, i.e. doing the maintenance work themselves and not booking it, the more likely scenario, at least in my case, is nothing needed repaired that year at that property.
15 September 2024 | 33 replies
I have read so many contradictory things about this scenario.