Have you ever wondered why builders risk insurance is more expensive?

Yes, there are programs that are cheaper and there are programs that are more expensive- that’s with anything in a free market and we can all make a decision on what’s worth our time/money to yield the results that we are looking for.

You still want to know the balance sheet, rent roll, and expenses, but most people who talk about CAP a lot are over-using the metric and not seeing enough properties in real life.

Many investors want to invest in real estate, but find it too expensive where they live, so they turn to our market in Memphis, TN (Workforce City), attracted by the low barrier to entry and cash flow potential.

Due to the age of properties here in New England this is always a risk if you aren't prepared to deal with the work or expense. 

House hacking is a cost-effective way to reduce housing expenses, manage tenants, and build equity.

They anticipate small increases; these are always less that CPI so unless a landlord here is willing to go to the expense of petitioning the board the rents will in time always fall significantly below market value.

Even though pricing was a lot less expensive back then, you hear the same objection as you do today: Where do I get the money for the downpayment?

In addition you need to budget for maintenance/repair, capital expenses, and also to cover the vacancy/turnover the next time a tenant leaves you.

But then I discovered Baselane, and it's been a game-changer.One of the things I love most about Baselane is how easy it is to track income and expenses.