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30 August 2024 | 3 replies
Landlords/owners feel their rental apartment will be vacant for longer while others prefer to wait until more inventory arises in the warmer months.Astoria RentalsWhile New York City’s metro area as a whole, especially desirable areas like Astoria, is not considered to be a ‘cashflow’ market, there is upside to purchasing rental properties here.Median rent prices have risen from 2022-2024 as follows:Studio rents up 30%1-bedroom rents up 19%2-bedroom rents up 18.5%3-bedroom rents up 21%* While 4+ bedroom rents have increased as well, the findings are insignificant due to limited data/inventory for this apartment type.
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30 August 2024 | 29 replies
Depending on how everything is set up, what you consider a max for retirement account contributions may only be the 20k limit whereas you can go up to ~$70k in total with other methods.
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27 August 2024 | 5 replies
I am looking to purchase my first rental property. Love the idea of house-hacking and the ability to use FHA loan. However, my area of CT has minimal options for multi-family homes. I am at a point where living with r...
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29 August 2024 | 11 replies
Landlords of section 8,Do you have any tenants who pay you the difference between the local housing authority's voucher limit and your market rent?
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29 August 2024 | 38 replies
I'd bet any local University has classes applicable to commercial RE investing and management, audit the course instead of attending for a grade, much cheaper
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30 August 2024 | 6 replies
One issue is the challenge of qualifying, as conventional loans will have DTI requirements, income requirements, loan size limits, and loan amount limits that investors looking to scale a portfolio run into as soon as the financial freedom snowball starts rolling.
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29 August 2024 | 4 replies
We chose to limit our liability, especially coming out of the pandemic situation by rebuying a rental closer to where we'd be in a market more favorable to landlords, so we bought in the Phoenix area.
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29 August 2024 | 6 replies
The same type of property usage needs to be maintained to qualify for the 1031 exchange.Also, be aware of the time limits involved in a 1031 exchange.
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30 August 2024 | 12 replies
I would bet dollars to donuts he's still doing drugs.
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28 August 2024 | 1 reply
I'd say that's your best bet to make anything cashflow in Port St.Lucie.