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12 February 2025 | 5 replies
Using 50% rule (expenses excluding P&i is 50% of rent) here are the numbers;1800 (rent) - $900 (expenses) - 1468 (heloc) = negative $568/monthAt your rent point with that size unit, your expenses will ve less than depicted by the 50% rule, so let’s use a likely more accurate 40%1800 - 720 (expenses) - 1468 = negative $388/monthNow let’s imagine you self manage and you time is not worth anything (I strongly recommend believing your time is worth less or worth less than a quality PM would charge) with 8% further reduction so expenses are down to 32%1800 - 576 (expenses) - 1468 = negative $244/month.
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1 February 2025 | 1 reply
Imagine a 4bed/2bath home with a small ADU in back, a converted garage with a private entrance, or a three-level home with a basement that can be converted into a private apartment.You can get privacy and house hack, but it takes a little more effort.
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20 February 2025 | 8 replies
Depending on your income level, you may be able to take up to $25K of losses.
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8 February 2025 | 42 replies
Obviously you can maintain a stronger presence and level of involvement investing in properties near you.
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6 February 2025 | 7 replies
When it comes to rude and abusive tenants, I'll deal with them on a professional level during their tenancy, but when it comes to renew, BYE BYE.
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19 February 2025 | 7 replies
That will help me know what level to explain things.
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21 February 2025 | 7 replies
Hey @Thanh Lu, so you didn't say where you are located so it is important to check down to the city level what constitutes a tenant vs guest.Most often it is 30 days or more, but there are some that state 28 days or even more vague for squatters rights.
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23 February 2025 | 107 replies
Wickman class's were aimed at helping RE agents get to the next level and since my wife was a top producer and managed 70 agents she was very good at it..
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25 January 2025 | 13 replies
Would this make you question your property managers?
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17 February 2025 | 2 replies
Is the level of selling we’re seeing in line with previous administration changes, or does this have to do with federal workers losing their jobs?