Steven Mendiola
How Hard is it to Find Tenants?
31 October 2024 | 18 replies
You should make sure that in the worst case scenario (no rooms rented out), that you will be able to afford the mortgage.Even though it's unlikely all the rooms will be vacant, its equally unlikely that all rooms will be rented out for a long time, room renters tend to move around a lot so you still want to make sure you're prepared for the vacancy, as Koren mentioned above expect leases under 12 months.
James Rowe
Startup costs for STR cabin in Gatlinburg
29 October 2024 | 19 replies
The builders up there are definitely not equal although they will all claim their cabins are all "rental ready".
David Taylor
Wholesale or Bust
25 October 2024 | 10 replies
However, it’s crucial to be ethical and comply with local laws, as some wholesalers give it a bad reputation.
Doug Kirk
Best Strategy for Starting Out in Real Estate
31 October 2024 | 44 replies
Balancing growth and caution is crucial for those leaving their W-2 job.Good luck!
Audrey Scott
First-Time Home-buying Guide
25 October 2024 | 2 replies
As illustrated in the diagram above, the investment city determines crucial factors: rents outpacing inflation, acquiring multiple properties with minimal capital, and the longevity of your rental income.
Mariangela Ciciarelli
Str - vacation home in Orlando
23 October 2024 | 16 replies
A lot of other markets 20 years from now could be ghost towns with little demand.But on the flipside, that safety/security comes with lessor immediate returns, as is a normal balance with investments (more risk traditionally equals more short term gain potential).
Daniel Llauger
Sell property owner to owner (owner finance)
23 October 2024 | 2 replies
You’re effectively acting as the bank, so it’s crucial to vet your buyer thoroughly and possibly require a solid down payment.
Tyler Bilinovic
How important is getting an account for tax purposes when entering long term rentals
23 October 2024 | 15 replies
Hi Tyler,Since you have rental properties, it’s crucial to get excellent advice from your CPA, who can help you minimize your tax liability and save more of your hard-earned money.
Jason Kahan
Structuring a Partnership for 1031 Exchange
23 October 2024 | 4 replies
@Jason Kahan To perform a 1031 exchange, the ownership structure is crucial.
Shannon Brill
Using Ratio Utility Billing System for gas?
24 October 2024 | 6 replies
How to you properly charge the tenants seasonal usage (high in winter/low in summer) and when there's not equal gas appliances between the units?