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21 January 2025 | 11 replies
.: I haven't passed this past legal review so for what its worth: Part of my standard requirements for everyone include income is at least 3X rent, minimum credit score, say 640, Clean record and no evictions as well as deposit is paid in full at signing of lease and 1st month rent is paid in full prior to handing over the keys.
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12 February 2025 | 1 reply
Definitely come to the Midwest with no debt
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27 January 2025 | 7 replies
. - Taxes are on the higher side at $6,000 yearMy Numbers: $115,000 putting 20% of my money $23,000 and finance the rest with total expense of $1,834Monthly expense numbers: Future Maintenance 13% $273 - Vacancy 5% $105 - Property Insurance 5% $105 - Property Taxes 23% $500 - Property management 10% $215 - Office/Travel/Legal 4% $84 - Mortgage 26% $552 - Monthly Cash Flow - $316 per month or $3,792 per year so Cash on Cash = 17%I think this looks like it is a deal worth doing and I also believe I can bump the total rent up by $50 each tenant which I think make it even better.
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2 January 2025 | 18 replies
Maybe they've been burned by landlords in the past and are being very careful.You can legally reject them based on personality, facial tattoos, body odor, or other factors, but you better make sure you can prove that it wasn't based on any protected class like race, religion, familial status, etc.
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10 February 2025 | 24 replies
Not wanting to sound like an attorney, but companies like the teaser because they are on firm legal ground: so long as company clearly tell consumer prior to purchase when they must cancel by [knowing statistically enough will not comply in time to make the teaser marketing profitable] be it rebates on computer software that many folks will fail to mail in, or real estate CD w/â€mentoring†or whatever that some unfortunate folks will not timely cancel, or Chrysler minivans forget to return….Legrand was very ethical each time I or my partners have tried his teasers [no Mr.
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26 January 2025 | 2 replies
I am obviously conflicted with the moral side of pursuing legal action here, but understand that people can do untruthful things when it comes to financial gains.
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31 January 2025 | 7 replies
If you can add a legal ADU at $25k in the Austin area then you should add it.
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12 February 2025 | 12 replies
Your LLC set up in KS is for legal protection only.
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10 February 2025 | 6 replies
You're definitely in the right place to learn and connect with people.
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11 February 2025 | 11 replies
Prospective investors should carefully consider investment objectives, risks, charges and expenses, and should consult with a tax or legal adviser before making any investment decision.