
13 September 2024 | 16 replies
Here's some guidance on buying your first investment property in Southern California or Columbus, Ohio:Down payment:For investment properties, lenders typically require 15-30% down payment on your first investment15% down is possible with excellent credit (700+ score)20-25% down is more common, especially for multi-unit propertiesSection 8 considerations:Pros:Guaranteed portion of rent from governmentPotential for longer-term tenantsMay be easier to fill vacancies in some areasCons:More paperwork and inspections requiredRent amounts set by local housing authorityPotential property damage concernsOther tips:Research local markets carefully - price trends, rental rates, etc.Factor in all costs - taxes, insurance, maintenance, vacanciesConsider starting with a single-family home or small multi-unitBuild a team - real estate agent, property manager, contractorsHave cash reserves beyond just the down paymentUnderstand landlord-tenant laws in your chosen locationI'd recommend talking to local real estate agents in both areas to get more specific market insights.

13 September 2024 | 7 replies
All the sweat equity finally dug me out of the hole and I was ready for some rentals.I bought my first duplex in 2021 along with a single family home a few weeks later.

14 September 2024 | 19 replies
I can't fix it if I don't know it's leaking because I don't want to inspect your apartment every single day - you're renting a space for quiet enjoyment....that includes not being bombarded by the landlord daily.

20 September 2024 | 114 replies
So it was not just a single design & setup but one initial design & setup plus another small one.

13 September 2024 | 3 replies
Hey all,I’m currently looking at a mixed-use commercial property that includes some SRO (Single Room Occupancy) units, and I’m running into challenges with financing.

13 September 2024 | 24 replies
Good evening,I'm an investor out of state, the owner of a single family home in Cleveland.My property manager told me that the city of Cleveland has initiated a new lead based paint certification, moreover this certification will be mandatory every 2 yearsIs this true?

12 September 2024 | 29 replies
Lots of options for lots of different strategies.I also own 3 single families in Columbia MO, which is home to the University of Missouri.

12 September 2024 | 0 replies
We were happy that we got a really nice single family home for a cheap price, and the wholesaler made a sizable fee.

13 September 2024 | 4 replies
I would let them know you personally lived there for 30 years and never had a single cockroach, so she probably brought it in with her.

14 September 2024 | 19 replies
When typed on Microsoft Word, the entire letter is kept to a single page.