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15 December 2024 | 59 replies
Rent out to roommates so I employ the "rent by the room" essentially.Pros:insane cash flowif your room offer is much better value than other places to live, tenants will stay awhilea small community can be built when your tenants become friends with eachothernever ending supply of tenants (at least in my area)Cons:CAN BE management intensiveWILL BE management intensive until you gain experience and know how to manageIf you employ this strategy, the BIGGEST risk/liability mitigator is being VERY clear from the start about your expectations and that you will evict if new tenant doesn't follow your rules.With my setup - I furnish the rooms and have all utilities covered.
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11 December 2024 | 6 replies
If you can qualify with your income, DTI and employment history, conventional may offer better terms.
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12 December 2024 | 6 replies
We fee like a conservative approach will let us go through the growing pains of better understanding real estate investing without the worry of being over leveraged to add to the stress while we are both still employed full time in our careers and do not plan on quitting our jobs to go fully into real estate.
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10 December 2024 | 4 replies
Conventional at 5% down would cap you at 3% concessions, but generally is more lenient with employment history and property condition.
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10 December 2024 | 10 replies
Growing population, great employment opportunities, steady appreciation etc.The best amenity has been location.
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8 December 2024 | 1 reply
Here are two lessons: The property was about an hour away and at the time I worked for an employer full time, so it was hard to get over there each weekend to work on it.
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12 December 2024 | 10 replies
There is not chart, there is a website called Vyzer that tracks this if you are an investor and use their platform.I know this does not give you a specific answer of XYZ, but I hope this helpsPS:As a moderator I am not employed by BP but volunteer to moderate the posts to make sure they meet community guidelines.
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7 December 2024 | 1 reply
Does anyone have any insight on how to branch into government-commercial leasing or gaining employment with JLL?
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13 December 2024 | 32 replies
But the other side of the coin your expenses go way up when your employer is now not paying you any bene's and you have to pay all your own health retirement self employment tax AMT tax etc etc. trying to do this with max leverage is going to be a long slog to replace a 150 to 200k a year job with bene's.
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11 December 2024 | 37 replies
If you go through RTR, I would ask to see the employment and rental history of potential tenants so you can weigh in.