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16 January 2025 | 10 replies
I know you are dealing with a 3 month lease rather than a 12 month lease, but for example....Say I rent my home for $2,500 per month and have to lower my rate by $100 to find a quality tenant that is a loss of $1,200 over 12 months compared to a loss of $2,500 for each month it remains empty.
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11 January 2025 | 14 replies
I know you mentioned other units are listed comparably but asking price is not the same as rented price.
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29 January 2025 | 32 replies
I understand it can be harder to gain experience with larger multifamily properties compared to single-family homes or duplexes, where someone might complete 5 deals in 1-2 years.
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2 February 2025 | 22 replies
Financial Freedom Network I laughed at -- after reading the agreement, no comparable value for that monthly price -- 3 or so years ago, if value has changed now, my time-based disclaimer is as aforementioned -- and Legrand would do well to disconnect FFN from his name, as I believe FFN is now out-sourced, whatever.I empathize with you , Joe and the other responders, but when I read Legrand’s, and most of the other guru’s, contracts prior to trying a teaser product, it clearly stated in the agreement that if customer did not want the upgrade service for which the teaser/free product, free video, whatever, was being given away, then customer must cancel within the stated period of time, which almost always range from 30 to 90 days [60 days is becoming more common, as more folks forget to cancel]So long as terms to cancel are clearly stated prior to contracting, I don’t find it unethical, -- and real estate gurus have merely adapted a teaser or rebate marketing technique used in most every industry -- recently even Chrysler cars [try our minivan for 60 days!
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8 January 2025 | 11 replies
**Maintenance**: Be prepared for a bit more wear and tear compared to market-rate rentals.
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5 January 2025 | 13 replies
Quote from @Tove Fox: What are the pros and cons of each when compared?
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14 January 2025 | 28 replies
This has been well worth it compared to the 40+ hours I was previously spending doing this myself come tax prep time.
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11 January 2025 | 49 replies
I often see him comment on threads where Costa Rica is mentioned saying that Costa Rica isn't a good investment compared to the investments that he does for himself and others in countries like Mexico.
9 January 2025 | 7 replies
P&L, Bank Statement, DSCR etcVery common for investors to make the switch when they need to or when the cons are no longer greater than the pros compared to conventional loans.
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11 January 2025 | 8 replies
I recommend comparing lenders to make sure you get some good terms and financing options for your next investment!