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2 December 2024 | 3 replies
I was on the fence about whether to rent it out again or put it on the market to sell it.
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5 December 2024 | 9 replies
Quote from @Markus Samuel: I’ve found a “deal” but I’m having trouble understanding if this is a good fit for me.
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2 December 2024 | 4 replies
Net Income: 100k~ depending on overtime workedHere is a breakdown of the potential property we would be looking at buying as a long term investment. 3 Bedroom, 1 Bath, 1000sqft, attach single car garage, fully fenced property, needs no work and would be in a state of immediate ready to rent.Purchase Price: $289,90020% Down payment: $57,980Mortgage Rate: 4.5% Amortization: 25 YearsProperty Tax: $3185 annuallyBi-weekly Mortgage Payment: $592Rental Details:Monthly Rent: $2600Mortgage: -$1184/monthProperty Manager: -$260/monthLandlord Insurance: -$105/monthProperty Tax: -$265/month15% Put Away: -$390Leftover: $396Does something like this make sense to jump on?
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3 December 2024 | 10 replies
If the loan is not getting paid, you foreclose and sell the property to get your money back.The only other way you could get yourself in trouble is by giving the borrower cash before the work is done.
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5 December 2024 | 10 replies
Have seen owners of condo's and co-op's get into trouble running an AIR BNB out of a co-op.
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3 December 2024 | 8 replies
.: Quote from @Molly Hane: I’ve found a “deal” but I’m having trouble understanding if this is a good fit for me.
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9 December 2024 | 23 replies
To me it wouldn’t be worth the trouble to go after the other person or worth the potential liability of it happening again and possibly hurting someone.
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3 December 2024 | 40 replies
zip code 14605. i am in contract with a 6 unit there, it is currently occupied but a management company i briefly spoke to denied to manage the property due to the area. im on the fence wether i should go with it.
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3 December 2024 | 0 replies
I feel the padsplit model might not be that sustainable if it is that easy for the hosts to have legal troubles.
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3 December 2024 | 1 reply
I would decline if they have trouble answering the longer term question and it would probably be for their own good.