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4 February 2025 | 18 replies
This is helpful guidance going forward!
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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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25 January 2025 | 6 replies
Quote from @Sarah Ali: The seller has a contract with the agent, which means they can't legally sell the property without compensating the agent.
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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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6 February 2025 | 11 replies
(This is the only time it is legal to screen 2 applicants at the same time here.)
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16 January 2025 | 7 replies
No one's perfect and honest mistakes happen and a PMC often needs guidance as to what level an owners wants to maintain their property.Wasn't trying to solicit your business,so I'll respond via DM about the rest of your questions:)
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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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29 January 2025 | 18 replies
I sincerely appreciate your guidance and will certainly look into local REI meetups to enhance traction.
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31 December 2024 | 2 replies
I’m willing to put in the time and effort to learn and grow in this industry, but I could really use some guidance on where to start.
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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.