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5 August 2024 | 3 replies
Our priorities in terms of market is there needs to be- anticipated economic growth (lots of tech companies are moving into Columbus),- prices need to allow us to buy in all cash (400k or less, ideally up to 300k),- we want the area to be safe (when looking into places like Dayton, OH or Memphis, TN for instance it looks like all our boxes are checked on paper, numbers wise but we realized quickly there are a lot of unsafe areas and we could have the potential for problem tenants)- yearly expenses to be relatively low (i.e. we are avoiding NYC and the tri state area, California, etc. for having extremely high taxes).Is our initial analysis on the right track for Columbus?
8 August 2024 | 23 replies
For instance, one property in a tourist hotspot like Miami Beach and another in an urban center like Downtown could offer a balanced portfolio.
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7 August 2024 | 17 replies
The other issue, especially in instances like this, is there's a rental cap/% of building rent at one time so when we loose a tenant we get put on a waiting list to be able to rent again which is on average 3 months of vacancy in-between each lease so it's not loosing a couple weeks of rent.We'll move forward trying to help her get a sublease and make sure we put a termination clause in our next lease.
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9 August 2024 | 39 replies
For instance, if average investment grade properties are priced at $250k in their subject market and they only have $30k in their SIDRA, they will have to wait to fund their IRA enough to put that money to work, which could take years.
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5 August 2024 | 19 replies
For instance, knowing the income limits, family size requirements, and the types of properties that qualify can help you make more strategic decisions.
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5 August 2024 | 7 replies
For instance, a full kitchen cabinet setup costs us 800, the front main door with glass siding will cost us 400 and the windows are costing us 30 a piece.
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5 August 2024 | 9 replies
If this is the only instance then it probably won’t tip the scale.
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7 August 2024 | 17 replies
For instance, in 2021, I did almost 0 cold calling.
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4 August 2024 | 4 replies
Pic 2 has us paying 5 percent down, in that instance the lender will only cover 3 percent of the closing costs.
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5 August 2024 | 15 replies
For instance, with how we set up our bridge product, we convert the house that you will be selling (your old home) into an investment property and payoff the existing mortgage with a bridge loan refi that has a 6 month term and monthly payments that consist of only tax and insurance escrow.