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19 November 2024 | 0 replies
Investment Info:Single-family residence buy & hold investment.
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21 November 2024 | 9 replies
I'd be pretty irritated over the loss of 6k, 4 months of stopped work and the corresponding holding costs.Do you invest in OH, or somewhere else?
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18 November 2024 | 4 replies
Quote from @Hunter Hanlon Taylor: Investment Info:Single-family residence buy & hold investment.
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21 November 2024 | 3 replies
You could structure a win-win situation where Investor A (the seller) gets his proceeds to cover the work on the remaining properties, while holding the note for you.
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11 November 2024 | 5 replies
Or setup one entity for management and a separate one to hold my interest?
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19 November 2024 | 6 replies
Folks will generally have a fantastic rental strategy but they don't fit the lense of regular guidelines.
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23 November 2024 | 26 replies
So, just speculating here, if they bought a slew of notes with the expectation of flipping them within a few months for say a 10% profit, but they have a hypothecated loan against these for say 12%+, and are still holding them 12 months later are quickly underwater.
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18 November 2024 | 4 replies
He does a lot of BRRRR, flip, and hold between Pittsburgh and West Virginia and will surely know the Pittsburgh markets you are considering.
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15 November 2024 | 2 replies
Short term, assuming the real estate lobby doesn't sue this to keep delaying/appealing, once it goes into effect there will be no more broker fees paid by tenant *unless they hire the broker*Some long term effects I can predict already: - Landlords now having to absorb broker fees will bake this into the rent (e.g. how "no fee" units typically are priced a little higher than other units) - Real estate board will require another document (or checkbox) for tenants to sign stating that they're hiring the listing broker and responsible for compensating them for their fee *if* they apply and are approved- Regular New Yorkers will have an even harder time to find an apartment because you cannot legislate/regulate away a housing crises...
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22 November 2024 | 9 replies
I haven't been expanding my business with LMHA since the end of 2016 per my posts above so I don't know exactly what changed, but I expect the outsourcing of inspections to private industry + some executive level leadership + replacement of staff with new faces excited to serve the needs of HUD/Landlords/Those In Need has resulted in an agency I will develop more business with.The HCVP will always be a double edged sword for landlords (See Section 8 Bible discussion) but for now I have discovered it is finally worth the effort to participate in the program.I specialize in Toledo's transition neighborhoods, discounted houses on the edge of nicer areas but also on the edge of trash...the Section 8 program allows me to get long-term tenants who are a good business model provided they are consistently managed and visited/inspected for additional "visitors" (relatives and random dogs/cats) and damage/housekeeping which can destroy a home if left unchecked.You need to know the rules, repair and renovate for long-term durability, prepare for inspections thoroughly and keep a team of contractors who will hold those standards...after 8 years we have been through a hundred inspections.