Jerry Zigounakis
Best Growing Markets To Invest In
29 January 2025 | 14 replies
But if you’re set on going out of state, I’d recommend checking out Detroit.I’ve been investing there since 2019 and currently hold 12 doors.
Eli Ling
The tenant has a roach issue, even though my building has a monthly exterminator serv
20 January 2025 | 4 replies
I just want to check before I proceed.
Calvin Kwan
Convert Duplex to Triplex in Oakland, CA
28 January 2025 | 8 replies
Check out this table: https://www.municode.com/library/ca/oakland/codes/...This is what you're looking for: https://www.screencast.com/t/Xkyp3OZWkI Oakland, for a building with 3 units or more you need to have a lot sized at 7,500 sq ft. --- From the zoning code it says, an RM-2 zoned lot can have "1 unit per 2,500 sf. of lot area"If you don't meet that lot size requirement you'll need to make a request for a variance, then post notice about the desired change in front of the building.
Dylan Watts
Single family rental unit with a pool
14 January 2025 | 7 replies
Some days are pretty minor, but you need to skim, check filters, check ph, check cholrine, etc.
Juan Mendoza
Does a room need to have closet to be considered a bedroom?
9 February 2025 | 32 replies
However, the MLS in San Diego as well as the appraisers I've worked with do.You'll definitely want to check to see how the topic is addressed in the particular locale the property is in.
Brice Alef-Torrisi
Managing finances between multiple properties
14 January 2025 | 7 replies
You do not need separate checking accounts for each property if the ownership is the same.
Sherylyn Holden
New Short Term Rental Rules in San Antonio, TX
25 January 2025 | 15 replies
All this to say they are getting serious about permitting so if you are planning to invest in San Antonio in the short term rental space, MAKE SURE to check that the property is eligible for a short term rental permit given the density limits above and have a Realtor experienced with the San Antonio permitting requirements and rules.
Timothy Hilario
Real Estate Advice
28 January 2025 | 2 replies
But it’s crucial to double-check NYC’s rental regulations to make sure you’re in the clear.
Jonathan Ludizaca
BRRRR Single family or multi family
3 February 2025 | 7 replies
Last time I checked, the prices did go up.
Chris Core
Everything needed to start, can't find a cash flowing property.
8 February 2025 | 13 replies
Deduct NEW property taxes after you buyDeduct home insurance costsDeduct maintenance percentage, typically 10%Deduct vacancy+tenant nonperformance percentage(we recommend 5% for Class A, 10% Class B, 20% Class C, good luck with Class D)Deduct whatever dollar/percentage of cashflow you wantNow, what you have left over is the amount for debt service.Enter it into a mortgage calculator, with current interest rate for an investment property, to determine your maximum mortgage amount.Divide the mortgage amount by either 75% or 80%, depending on the required down payment percentage - this is your tentative price to offer.If the property needs repairs, you'll want to deduct 110%-120% of the estimated repairs from this amount.Be sure to also research the ARV and make sure it's 10-20% higher than your tentative purchase price.As long as the ARV checks out, this is the purchase price to offer.It is probably significantly below the asking price.