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10 February 2025 | 59 replies
Several hours of work to reach out to Obie’s agent and zero answer from the phone or emails left us unable to confirm the information requested.
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4 February 2025 | 13 replies
Be sure to factor in repair costs to keep things profitable.
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2 February 2025 | 9 replies
This is typically done 3x a year.Hire a company to deep clean the washing machine, drier, and dishwasher.Reimburse us for the combined 8 hours we have now spent on cleaning the home.Repaint the walls, at minimum in the basement.Prorate our rent for the days we are unable to be in the home due to the current issues and any repair time.Please let us know how you would like to proceed.Thank you,Sindy and Cary"You need a professional property manager!
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1 February 2025 | 3 replies
Repairs and maintenance was $3492.50 for the year.
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23 January 2025 | 9 replies
I would recommend that you don't ignore it; repair the drywall, monitor it and see if the drywall cracks in the same locations again.
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12 February 2025 | 6 replies
Keep reserves. 80% of buyers experience a major unexpected repair in the 1st year of ownership.4) Talking with an agent who can help increase your knowledge of the process and owning a home.
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24 February 2025 | 37 replies
Hi Zoe in Milwaukee, Wisconsin-You have $25,000 to invest and you would like to scale your portfolio efficiently and wonder what the best approach would be to do that.First off, congratulations on starting your investing journey and having $25,000 to invest.If you could find something near you with equity when you buy it, then house hacking will get you into a property with the lowest amount down--make sure to leave room for reserves and repairs in your budgeting and then refinance as soon as you can to pull money out to buy the next house the same way and keep the first and so on.If that is not possible near you because of prices or other factors, then I would look at buying a BRRRR in a market like Lansing, MI.
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28 January 2025 | 10 replies
HI @Amir PortalWe connected the other day on bigger pockets and we spoke on the phone.
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30 January 2025 | 2 replies
Mainly the panel is in the basement and it would require a ton of work and paying for labor hours + repairs.
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19 February 2025 | 26 replies
Aside from downpayment, you want to have a solid emergency fund in place, something that can cover unexpected repairs, vacancies, or any other random costs that pop up.I’d also recommend saving more than you think you'll need and keeping a close eye on your expenses.