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30 December 2024 | 5 replies
Using the same concept, your goal is to offset daily average balance.
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6 January 2025 | 28 replies
any advice on paying mortgage off or faster With a standard mortgage, your monthly payment will remain the same for the life of the loan.
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9 January 2025 | 12 replies
Personally, I follow this standard for every application I receive:- Income of at least 3 times the monthly rent (verified through the employer)- Credit score of 580+- Rental verification with past landlords (no outstanding balances, no late payments, and the property left in acceptable condition)- No history of collections, evictions, or criminal offenses- No overdue debt (except medical debt)This process has helped me place quality tenants over the years.
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22 January 2025 | 31 replies
Regardless, you might find the copy & paste info below helpful:)--------------------------------------------------------------------------------------------------Recommend you first figure out the property Class you want to invest in, THEN figure out the corresponding location to invest in.Property Class will typically dictate the Class of tenant you get, which greatly IMPACTS rental income stability and property maintenance/damage by tenants.If you apply Class A assumptions to a Class B or C purchase, your expectations won’t be met and it may be a financial disaster.If you buy/renovate a property in Class D area to Class A standards, what quality of tenant will you get?
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16 January 2025 | 19 replies
My brother in law told me a few years ago that I was the luckiest sob he had ever known but it took me 33 years of living below my means and working hard to buy enough rentals to retire with the same standard of living that we were used to.
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31 December 2024 | 11 replies
I like the concept of making investing accessible and achievable.
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30 January 2025 | 48 replies
One of the others is 200 lots plus with townhouse lots which are popular.and the 3rd one about 110 lots its a land assemblage so layout is not standard.
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4 January 2025 | 23 replies
As a result, I've increased the rent to my standards and past other landlords' standards who are afraid to go past 10%!!!
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23 December 2024 | 3 replies
I've exchanged our place with another host by on a 1-1 bases.Host share seems to have an interesting concept of exchange available nights but within 5 days.....so what typically is not rented.
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2 January 2025 | 7 replies
Expectations for a higher standard of decor and theming has infiltrated this industry and those are the ones that do well.