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9 September 2024 | 5 replies
It’s a bit of a fixer upper, but in a great location.
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5 September 2024 | 2 replies
We bought a home 6 years ago to fix up. Life happened and now 6 years later, we need to do something about it. It's our primary residence. It's a 1972 ranch with a superb location with elevation and views of almost th...
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6 September 2024 | 3 replies
Loan Balance $295,000Loan Maturity Date 11/1/2051Property Specifications:SFHBedrooms 4Bathrooms 3Square Feet 2316Year Built 2021Garage Size 2Schools Rating (scale 3-30, 30 is best) 18Lot size (sq ft) 7,631.0Purchase price: $330,000Market Value: $350,000Estimated Financial AssumptionsMonthlyYearlyRent (upper)*$2,350$28,200Rent (lower)*$2,250$27,000Property Taxes$425$5,100Insurance$200$2,400Repairs$65$780Property Management Monthly (%)0.00%Property Management Monthly ($)$75$900Leasing Fee$95.80$1,150HOA$146$1,752Vacancy Rate4.00%Total Fixed Expenses$1,096$13,150Total Expenses (Fixed + Mortgage)$2,620$31,437
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7 September 2024 | 5 replies
Use the search feature (magnifying glass, upper right) and search for "tenant occupied property" or "tenant occupied rental" to find a ton of discussions.You need to know what you are doing.
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11 September 2024 | 69 replies
Not 1 time has a standard rental poo-decorated a unit, not 1 time have I had dead bodies at a standard rental.
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6 September 2024 | 6 replies
The property features two 1,400 sq ft suites on the main level (one currently leased) and over 3,000 sq ft on the upper level, with 750 sq ft already occupied, 3 small office spaces (+/- 250 sq ft each), and a basement tenant with 1,400 sq ft of storage space.The building generates $6,000 in monthly gross income from its five tenants, but with full occupancy and market-rate rents, it has the potential to bring in $10,000+ per month.Given its historical significance, stunning architectural details, and location, I’m curious about your opinion: Would this property be more marketable for sale with or without the current tenants?
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6 September 2024 | 9 replies
I believe it still would be.Finding properties that meet the ADU requirements can be hard, as they occur more in the upper price points.
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10 September 2024 | 43 replies
I don't have a problem with reasonable protections for tenants from slumlords but those should always be arbitrated by either a court, or maybe an extrajudicial body to free up the courts and hear issues.
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6 September 2024 | 32 replies
I feel the Bowie/Upper Marlboro area offer great value for flipping and/or rentals because the costs are lower yet you can sell to the DC buyer.
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4 September 2024 | 7 replies
Expensive and waste to replace all since upper cabinets are all good, having all cabinets painted would cost $1500 - also not cheap, the paint may get chipped easily. 7.