7 February 2025 | 5 replies
The property is in the Jade District if anyone has particular insight on the area.4) I have some contacts for real estate agents, but I feel like they're better suited to assisting buying and selling SFR.
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6 February 2025 | 3 replies
Maintenance and potential repairs will also require a long-term financial plan and setting aside a contingency fund for such expenses.The steady cash flow, appreciation over time, and tax benefits can make a meaningful difference to your wealth in the long term, especially with the principal paydown on the mortgage.However, if managing the property from a distance feels too burdensome, or if you’d prefer the certainty and flexibility that comes with having less debt (especially given the high mortgage rates), selling and using the $100,000 in equity to reduce your loan for your next home may be the smarter move.
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31 January 2025 | 24 replies
Plenty of free resources to assist with this.
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15 February 2025 | 9 replies
You would spend far more on Marketing, background checks, tenant placement, repairs, and possibly legal fees with the eviction process.
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26 January 2025 | 4 replies
I recommend you budget 5% of the gross rent (for the whole place, even what the rent would be if you were living in it as a tenant) for repairs and 5% for capital expenditures.
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31 January 2025 | 0 replies
$3500 in repairs with little downtime in getting it fully occupied.
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31 January 2025 | 44 replies
Even if you do find such a deal, getting it to cash flow after repairs and a cash-out refinance is extremely difficult, especially for single-family homes.
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27 January 2025 | 10 replies
Current owner is willing to break even on the purchase price however, in my opinion I think he should consider 5 or 10k less then the purchase price considering the amount of repairs he neglected over the length of ownership.
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28 January 2025 | 1 reply
I suspect there would be massive blow back if the feds attempt to lower sec 8 rental assistance.