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22 January 2025 | 0 replies
By identifying the right buyer within our network and streamlining the transaction process, we added value without requiring extensive renovations.
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24 January 2025 | 36 replies
You can probably beat $2000/year insurance, but the management fee should be 10%, you need to factor in turnover too and 5% is probably not enough for both maintenance and turnover and I assume you added it, but you didn't mention property taxes (which have been terrible in Jackson County lately since Frank White decided to jack them through the roof).
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2 February 2025 | 13 replies
We are going to focus on small multi-family first, and then get into large multi-family.
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26 January 2025 | 5 replies
If it concerns you that much, adjust the purchase price to take into account this added risk.
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27 January 2025 | 7 replies
But if you lay out your plan to the owner over the phone, it's very hard to get a "yes" because trust is developed with a face to face meeting.Trust can be established by talking about your past record (as an investor) but also if you have something positive about yourself (profession - real estate agent, nurse, teacher, fireman, doctor - any profession that can give you some added credentials).#4 Owner vs.
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23 January 2025 | 10 replies
@Jackson Pudlo I have house hacked both ways, during my 20s and 30s in large SFHs and now as I’m approaching 50 I’m in a duplex where I rent one side and have a tenant in the other.
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1 February 2025 | 16 replies
This can put a significant strain on your finances and cash flowThey also often require a large down payment themselves and may have a strict repayment schedule that can be difficult to meet, especially if there are unforeseen circumstances or delays in renting the property or generating income from itIn addition, relying on this type of loan may expose you to higher financial stress and the possibility of default if you are unable to meet your loan obligationsThe final decision depends on your overall financial situation, risk tolerance, and your ability to manage the associated costs and obligations
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21 January 2025 | 13 replies
We I purchasedthe property, the previous owners updated the plumbing, adding HAVCand updated the electrical.
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24 January 2025 | 6 replies
Consider starting small by house hacking a single-family home, renting out rooms, or adding an ADU if possible.