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23 January 2025 | 1 reply
You'll want to put together a personal financial statement (basically lists of all your assets and liabilities) and have your tax returns ready.
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7 February 2025 | 12 replies
Have the tenants take and send pictures of any maintenance items and video chat with the repair person as needed.If you ever get in a situation where you just feel like you can't do it or don't want to do it, you can always put a PM in place at any time.
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22 January 2025 | 10 replies
I got a deal on labor as I know the contractor personally and helped out a bit with the project.
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25 January 2025 | 4 replies
All the add-ons are a la carte so you can definitely get a lot of value based on what you need.One thing I personally don't like is that when tenants pay rent, they are charged $1 per transaction for ACH use.
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30 January 2025 | 47 replies
I have personally owned over 200 cash flow rentals and sold them as it simply was not worth it..
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6 February 2025 | 6 replies
I personally think there is just not enough comps yet to show the true value of ADU's.
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22 January 2025 | 8 replies
We will shop for used appliances where we can when we need one… or pick up used cabinets if we can, or search eBay for something smaller, but going to the extreme of personally shipping something big in internationally for one-off renovation needs seems like a stretch of reasonable.Just like you mention, the number of unknowns would not seem to be worth it to me.Just my 2 cents.Randy
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29 January 2025 | 5 replies
Personally, I wouldn't offer SubTo or a Wrap, For reasons I've written about fairly extensively. https://www.biggerpockets.com/forums/70/topics/1227199-the-m...However, I would sell on "Lease Option" and that may work for you.
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6 February 2025 | 12 replies
I personally really like the suburbs, and that's where I have most of my rental properties.
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23 January 2025 | 8 replies
This will allow you to remove the person and do the financing on your own.Home Equity Loan/Line of Credit: Since you're looking to access equity, a home equity loan or line of credit (HELOC) can be a good option.