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5 August 2024 | 3 replies
I've never been the landlord for a commercial property but have leased commercial property before - I leased through a commercial real estate agent who was acting as a leasing agent for the property owner, and the property owner was the one who collected my rent and is who I made repair requests to so personally haven't dealt with a Commercial PM before but will continue to follow this thread to learn more!
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5 August 2024 | 2 replies
Would it be a beneficial/does it make sense to run the "business" transactions through the LLC (collecting rent, maintenance/repairs, etc)?
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8 August 2024 | 28 replies
.#6 Lower Maintenance Costs:In comparison to small multifamily properties, single-family homes with ADUs often have lower maintenance and repair costs.
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5 August 2024 | 16 replies
Additionally, if you are looking to hold long term, having new construction is going to keep your repairs, maintenance and capex lower for quite a while, typically.
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5 August 2024 | 8 replies
@Kayla Palmieri read the contract or have your buyer’s agent explain thoroughly as some inspection contingencies require a licensed home inspector actually inspect it, and some even require approx cost of repairs and if seller agrees to that amount then you cannot exit for inspection contingency.
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5 August 2024 | 21 replies
I posted a lot about my experience with investing in Indy - cash flow is difficult right now and any cash flow on paper is much different on paper, especially with Class C (repair issues, crime with stolen AC units and attempted break ins with my Class C).
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5 August 2024 | 6 replies
If they are able to sell to a home owner, its usually the home owner who can barely qualify for an FHA mortgage, turns over extensive repair addendums because they recognize they don't have the means to handle home repairs on their own and must have the home 100% move in ready.
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6 August 2024 | 5 replies
What I did: Purchase a duplex -> force equity with repairs -> increase rent to make more cashflow -> refinance based on the increased value and lower my payments Basically a BRRRR except as a primary residence there wasn't all that much cash put in so I only got $7k back out.
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4 August 2024 | 1 reply
It's a fixer upper but not too much room for big repair dollars given comps so would want to get some concession on purchase price if possible.Thanks!
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4 August 2024 | 1 reply
When the lease is fulfilled, the security deposit will be returned to the LEASE SIGNERS, less any repair costs and unpaid charges.