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11 November 2024 | 5 replies
Finally, confirm if there are any existing service contracts (for landscaping, pest control, etc.) that may need to be transferred or canceled.
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17 November 2024 | 33 replies
Also advertising costs.On loans, I would hunt for an 5 year fixed interest only with low pre-pay penalties that you can refi when rates finally come down (hopefully).Landscaping / snow removal is legit and is more viariable than you would expect.
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12 November 2024 | 26 replies
The majority of states have NOT enacted any rules, regulations or legislation that has altered the “wholesaling” landscape.
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17 November 2024 | 30 replies
Actively marketing the property and handling tenant relationsCost Segregation: allows you to accelerate depreciation by breaking down the property into different components, such as personal property (appliances, carpeting, etc.) and land improvements (landscaping, parking lots, etc.), which can be depreciated over a shorter period typically 5, 7, or 15 years rather than 27.5.
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9 November 2024 | 8 replies
Hey @Sharad Bagri,For cash-flowing small multifamily rentals in Columbus and Dayton, consider these areas:In Columbus:* Northland: Diverse community with solid investment potential.* Southeast Columbus: Dense suburban feel, popular with families and young professionals.* Old North Columbus: Urban-suburban mix, appealing to young professionals.In Dayton:* Patterson Park: Well-maintained with a strong community vibe.* Northridge Estates: Suburban area with various amenities, ideal for renters.* Walnut Hills: Quiet and community-oriented, great for rental stability.Areas to Approach with Caution:* Columbus: Some sections of Hilltop and Linden due to higher crime rates.* Dayton: Certain parts of West Dayton, which face economic challenges.Focusing on due diligence in these neighborhoods can help you identify stable, cash-flowing opportunities.
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11 November 2024 | 22 replies
A situation happened to me recently (my fault completely), I hired a landscaper, did not have a full contract into place and just had text threads between us..
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11 November 2024 | 13 replies
Here are the numbers I know so far:Rents4 units all currently occupied on one year leases- #1: 1/1 $995 monthly- #2: 1/1 $995 monthly- #3: 1/1 $995 monthly- #4: 2/1 $1,100 monthly- Gross rents: $4,085 monthlyExpenses- $12,070 taxes annually- $350 monthly insurance (my estimate, they have liability only right now)- $175 monthly landscaping- $120 water (electrical on separate meters, tenant pays)- Total expenses: $1,651 monthlyNOI around $2,434 before vacancy, maintenance, and management (although i would likely self-manage these)Property needs about $50K in other repairs and udpates from what I can see.
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12 November 2024 | 171 replies
They will be looking at crap dollar store type properties and other junk not worth anything.DST's can give some diversity.
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4 November 2024 | 1 reply
The Alamo City is undergoing a transformation that's set to redefine its landscape and economy.
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8 November 2024 | 5 replies
For both short- and mid-term investors, the market's diversity and relatively lower entry costs make it an attractive option.FYI - Philadelphia has a tenant-friendly legal environment, which can present certain challenges for landlords