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26 November 2024 | 8 replies
If your goal is to acquire many units, consider looking into more affordable markets such as Akron, Cleveland, Dayton, and Toledo, which tend to be more favorable for this type of investment.
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16 November 2024 | 8 replies
I have a 4 unit in Columbus (4 1 bedroom units).
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23 November 2024 | 3 replies
I'm biased and can provide reasons and data to show that using an agent will protect you, get you more money, less stress and so on.The reality is you can do it yourself, but tenants generally don't cooperate with showings and that causes lots of problems for buyer to access the unit to show, inspections, appraisals etc.
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22 November 2024 | 7 replies
I purchased $4m Dec of 2021 and have one unit left to rehab (starting it Dec 1 and my 22 year old son will be running his 2nd rehab - it will be a live-in rehab so slower than we usually achieve).
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26 November 2024 | 127 replies
This not only creates financial strain for landlords but also results in fewer rental units being available, exacerbating housing shortages for new tenants.Another major challenge is the backlog at the Landlord and Tenant Board (LTB).
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22 November 2024 | 24 replies
Yes -he has done the plumbing drawings as showing one connection that branches to all units .My contractor says and it makes sense-that we should have separate connections for each unit.
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26 November 2024 | 21 replies
Here's what I'm accounting for currently:Mortgage (P&I)InsuranceTaxesElectricWaterTrashInternetVRBO/Airbnb feesGeneral/RepairsCleaning (though these will be passed through)If i'm super conservative on my monthly rate, I will need to rent the unit 10 nights/month to break even, if I am more realistic with the rate (according to my realtor who runs two STRs), i'll need to rent it 7-8 nights/month to do so.
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27 November 2024 | 8 replies
I would also considering buying 2-4 units if you are trying to increase your cash flow.
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22 November 2024 | 4 replies
I don’t know if they have the funds to get her unit in condition for her, but that was mentioned last time I spoke with them.Thanks for the reply, sorry you have had to do this research for yourself.
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25 November 2024 | 2 replies
Currently units run around $4,100 erected and let's say in a C market you rent a 10x20 for $70.