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11 April 2024 | 15 replies
I have a few stubborn tenants who insist upon paying in cash and I make them take the money to my bank with a pre-filled out deposit slip with my name and the last three digits of the account number and then they fill in the date and the amount of the deposit.
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10 April 2024 | 3 replies
Each platform offers unique features that I find intriguing and that align with my requirements, such as no monthly fees, interest-earning potential, and robust digital tools for financial management.Before I make a decision, I wanted to ask if any of you have experience with these banks or if you have other recommendations that fit the bill.
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11 April 2024 | 10 replies
@Samuel Metcalf- Most HELOC lenders only lend on primary homes ...the few lenders that do HELOCS on rentals will likely have a low CLTV ( and a high margin over prime which will lead to a rate in double digits ) .. check with the banks / credit union located close to the property and also maybe there will be some feedback on this thread pointing towards lendign sources that might work
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11 April 2024 | 3 replies
Up, down, flat, up, flat, down, down, repeat…And to quote Economist Mark Zandi for the third time today, “[The Fed’s] got everything they need to start cutting rates…It’s just a question of precisely when.”The housing market is improving, the supply of homes on the market is up double digits this month, and in my business I am seeing a healthy spring flow of demand for both homebuyers and investors.
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11 April 2024 | 19 replies
I imagine you'd find plenty of digital nomads in your area as well.
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10 April 2024 | 7 replies
Rest assured if that happens you won't have to inquire about that one they stay pretty on top of that sort of thing. in our area even with an increase they tend to trail market rents at least double digits.
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9 April 2024 | 21 replies
In this instance, just go address it And in the future, don't let this happen.For your vacation rentals, make sure there's a system in place where when any service is done there's photo proof, a timestamp, property manager digitally acknowledges, and a physical receipt there.
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9 April 2024 | 21 replies
all the time, so I try to every now and then share it with others and answer any questions.Location: Metro DetroitPrimary target: Purchase: $80k-$130kRent: $1100-$1500 (no rent control in MI)1% rule: 1%-1.4% rule dealsROI: 8-14%Cash flow: $150-$300/door (after all expenses and budgeting for maint, capex, vacancy)Appreciation: 3-7%+ (has been double digit for last decade)Location: C+, B- Some Notes:- I don't actually save 15% for vacancy, maint, capex any more.
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8 April 2024 | 14 replies
I don't want to get into a loan paying double digit interest.
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8 April 2024 | 2 replies
Leading this transformative wave is Bruce Hiatt, a forward-thinking broker nestled in the heart of Las Vegas, who's rewriting the rules of real estate navigation.Picture this: with the technological brilliance, Hiatt is intricately weaving AI into the very essence of Luxury Realty Group, his cherished brainchild, with ambitious plans to share this digital metamorphosis far and wide across the expanse of the United States and Canada.