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8 January 2025 | 9 replies
Real estate investing has been a passion of mine for time with my mother also having invested early on where I likely have gotten the love and desire to follow similar foot steps.I have taken last 6 months to educate myself and currently own a single family home as primary residence and would like to expand to multi family properties (2-4 units) for additional stream of income, not to mention potential tax benefits for long-term investing.Based on current living situation, I have a fair amount of equity established in my primary residency along with having enough cash to either pay off house completely or use towards investing in a multi family property.Given that I'm the sole source of income for our household with my wife being the home maker for our two kids under 2, trying to weigh out risks with getting started now or perhaps waiting.
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8 February 2025 | 55 replies
Ya have to learn to mitigate multiple hurdles, in addition to making intelligent and educated moves.
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7 February 2025 | 49 replies
Since then I've bought two apartment complexes and will be building additional units on them using knowledge and processes learned for Jerome and his colleagues.
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10 January 2025 | 6 replies
The plan is to use the heloc to purchase additional properties, and basically brrrr and pay back the balance - then repeat.What I didn't realize is how difficult it is to find a business heloc.
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14 January 2025 | 9 replies
Still, this is a poor time in the rental season and 1 months rent can be expected as a cost of vacancy (in addition to the cost to clean and touch up - $900) .Finally and I hope this is is the last one lol - Another tenant is moving out Jan 31st and this unit also requires a full cosmetic rehab.
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13 January 2025 | 8 replies
They offer a $10K repair fund to fix damages in addition to SD plus warranty for appliance repair etc.I have no say in whom they choose to move in, whether there are animals, limit on # of occupants etc. they reserve right to inspect property so i have no idea if they can tell me to remodel, paint etc.does this make sense i have a vacancy coming up in October (bad rental timing).
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16 January 2025 | 6 replies
However, there was a lot of additional paperwork, and I had the capital...So I just opted for the more traditional path instead.
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2 February 2025 | 22 replies
Moderator, we have no financial relationship with any guru :B ] after we canceled promptly there were no additional billings either time.
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9 January 2025 | 6 replies
Similar to the comments above on using FurnishedFinder, also check Airbnb and sort for 30+ day rental options. in addition, I'd recommend talking to the local university and hospitals nearby by calling to their various departments.
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7 January 2025 | 16 replies
An example of that is tenant must pay for additional electric over flat fee / flat limit since now there is 2 occupants in the home instead of originally one.