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25 December 2024 | 2 replies
there are of course more creative strategies to reduce that up front outlay, or recoup your capital, like, say, the BRRRR method. but they are time and energy intensive and certainly not hands-off.
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6 January 2025 | 25 replies
We serve plenty of flippers/wholesalers who make around $500k/yr and some are higher.Once your salary is replaced (or a good portion of it), then stabilize the flipping/wholesaling with a great team so it doesn't require as much of your time/energy.
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30 December 2024 | 15 replies
.✅ Secondly, good cause has a max cap on yearly rental increases at a certain margin above CPI or 10%, whichever is less.For those of you who own stabilized, high quality housing like we do, this shouldn’t be a problem.But instead of keeping rents flat because you are a nice person or increasing just a little bit, you could get yourself in trouble when it comes to funding future major repairs and capital expenditures.As long as you are increasing to what the market will bear, you will be in good shape.Also if you are looking at purchasing blighted, dilapidated housing with the intent of raising rents and financing improvements to the property, you will have to take this into consideration and buy accordingly and on in place rents not projected rents.On the implementation side, however that pans out, you might be able to get these necessary rent increases to finance repairs but you may need to go to housing court in order to get the green light but we are just not sure at this point and remains to be seen.✅ Thirdly, in regard to objectionable tenancy and nuisance caused by disruptive tenants, you will need to document these violations with undeniable evidence.Because police reports are not usually able to be procured due to disturbances like drug trafficking or domestic violence, you’ll need to take matters into your own hands on producing that documentation.I recommend getting security cameras installed in all common areas and outside your properties.I’ve used SimpliSafe security cameras but you’ll need to install WiFi service at your properties so that you can maintain recordings in the event of violations and add to your lease that any tampering with said cameras constitutes a lease violation as well.This is still developing and once we get further clarity, we will host a round table with legal experts on how to best protect our properties and residents.
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9 January 2025 | 107 replies
I understand it is a good cash flow market but hopefully someone who is actively in that market who can shed some light.
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31 December 2024 | 32 replies
Same as Isha here...would love to hear how things are going in light of the new market conditions.
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25 December 2024 | 8 replies
For me they've been a great source of ideas, resources, energy, and comradery.
21 December 2024 | 18 replies
None of this is worth an ounce of energy or thought.
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23 December 2024 | 3 replies
If you want to do STR, you want to get as close to the PATH or light rail as possible.
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30 December 2024 | 14 replies
I don't even think its worth a sub-to We had a similar deal last summer that looked like it was on a glide path to closing and then the REAL numbers came to light and the wheels fell off the bus.
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31 December 2024 | 418 replies
So i told him, AWESOME, that makes the answer so simple, DONT SELL, it's just that simple, selling is not an option, so, all energies too leasing it.