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3 January 2025 | 1 reply
If in the future they try to buy a house, the lender may require it to be paid but that's a long shot.
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3 January 2025 | 1 reply
What do you want to be , a house flipper , or a landlord ?
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3 January 2025 | 2 replies
I do think house hacking and small multifamily are the best plays at the moment.
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3 January 2025 | 12 replies
They just moved out and the house needs some cleaning up.
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31 December 2024 | 4 replies
As it stands now, the sweet spot in that area in the market for rent seems to be a little larger 2/2 house with large living area for guests.
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2 January 2025 | 13 replies
--reach out and thank them upon getting the booking and ask if they have any questions--send a "Welcome" email or automated message during the week prior to arrival--reach out the day after arrival to ask how everything was the first night and ask if there is anything that the property needs--reach out at the end of the stay (that morning or within 24 hours) and ask how everything was, anything to improve, anything to add to the house and then offer an incentive for returning guests.My 2 cents,Mike Absolutely stay in your place as Mike said.You will see things the cleaners will never let you know about.We stayed in our PF will putting up the Christmas decorations and found a cracked plastic shelf in the fridge.
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8 January 2025 | 7 replies
Used what I know from wholesaling to come up with the estimations The numbers is used are based on a these assumptions:- Cost to build* (2024) = 150/sqft National average, 141/sqft Tennessee Average (Source: Houzeo https://www.houzeo.com/blog/how-much-does-it-cost-to-build-a-house-tennessee/#:~:text=The%20average%20cost%20per%20square,idea%20of%20the%20construction%20costs.)- All in Cost = Cost to build * Square foot - Sales Price = All in Cost + (All in cost * 20%)* Covers contractor and soft cost on either fee based or cost+- Profit = (Sales price - (Sales Price * 7%))* - All in Cost accounts for agent fees and closing cost- Initial List Price = Sales price + 10% A buffer to test market absorption- Break Even being All in cost, point where everyone is paid except me. - List price is to test the market absorption at "x" price. 250k land + build.
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6 January 2025 | 4 replies
Adhere to the Fair Housing Act and ensure that all applicants are treated equally.
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19 December 2024 | 10 replies
I think house hacking with a VA is still well worth it.
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1 January 2025 | 22 replies
However, it's fair to question the integrity of the management since it's in-house.