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20 March 2024 | 3 replies
This is probably going to dictate whether or not I take the offer or not.2.
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20 March 2024 | 9 replies
Do you charge and how much.Acceptable Vacancy Rate - we own a reasonable # of doors in the city of Milwaukee - not great areas but not horrible either.Thanks in advance State laws dictate what you can charge for a late fee (in DE we have a 5-day grace period and the maximum allowable late fee is 5% of the rent amount) so look at your landlord-tenant code for this.As far as pet fees, it is also capped per the landlord-tenant code for our state at one month's rent.Too many variables to address your vacancy rate question.
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19 March 2024 | 4 replies
@J Newman how many doors and planned growth will dictate software choice.So, share that info so we can offer more assistance...
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19 March 2024 | 5 replies
As you become more familiar with specific lenders you will also learn specific acquisitions or refinances may fit better with certain banks and will dictate who you send your loan requests.
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19 March 2024 | 6 replies
If you have to, interview a couple until you find one that you "click" with. 2) Let that agent connect you with their network of investor-friendly lenders. 3) Meet with these lenders, have them talk over your finances with you and what loan products you would qualify for at the moment based on your income and assets. 4) Let the outcome of that conversation (#3) dictate your strategy moving forward and take your findings back to the realtor so you can craft a plan.
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19 March 2024 | 0 replies
High Maintenance Costs: Escalating maintenance costs can erode your profit margins.Change in Neighborhood Dynamics: Shifts in the neighborhood that negatively affect your property’s value are a red flag.Better Investment Opportunities: Selling might be wise if you've identified a more lucrative investment opportunity.Cash Flow Necessities: If you need liquidity, selling a property can provide a significant cash inflow.Tax Implications: Sometimes, selling can be advantageous for tax reasons, especially if you can benefit from capital gains tax laws.Personal Financial Changes: Changes in your personal financial situation may necessitate liquidating assets.Retirement Planning: Selling investment properties can be part of transitioning into retirement.Portfolio Diversification: Selling might be necessary to avoid overconcentration in real estate.Legal or Regulatory Changes: New laws or regulations can impact the attractiveness of holding onto a property.Ownership Challenges: If the burden of ownership outweighs the benefits, it may be time to sell.Real Estate Market Trends: Anticipating a downturn in the market can be a reason to sell early.Interest Rates: Rising interest rates can reduce the pool of potential buyers and lower property values.Property Value Appreciation: If your property has appreciated significantly, taking profits might be smart.Lifestyle Changes: Sometimes, personal life changes dictate a shift in investment strategies.ConclusionDeciding to sell an investment property is a complex decision influenced by market conditions, personal circumstances, and future investment goals.
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22 March 2024 | 132 replies
Luckily I invested in a place that will let me hire out my own PM so I get to dictate the rates but I'll make sure to offer something my competitors won't.
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19 March 2024 | 12 replies
To me the primary consideration is ALWAYS business, as opposed to taxes.And here is why business interests dictate the opposite of what these gentlemen suggested.a.
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18 March 2024 | 5 replies
@Russell BrazilI agree in some situations it could be higherQuestion I have is who is paying it and how will market dictate it.For example right now in some areas a seller will get 10 offers so they could basically be like, screw this I will pay my agent but not the buyers agent and probably still get great offersWill that make any difference ?
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22 March 2024 | 88 replies
Your tax situation will dictate much of this, but for me, it all comes down to total ROI.