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15 January 2025 | 11 replies
Most lenders who order appraisals are required to order them through a 3rd party AMC, which can add additional costs to the appraisal but ensures that there is no lender (Or borrower) bias in regards to the values.
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6 January 2025 | 17 replies
Do you have additional capital to add?
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16 January 2025 | 38 replies
Thank you Eric.In addition to the rental properties, my wife and I have a paid off house, paid off car, and about $1.4m in retirement accounts, brokerages, and savings.We live in a HCOL area and our expenses are $9.5k per month even though we live pretty modestly.I set out initially to have real estate pay for at least some of my expenses in order to give me more freedom and financial security.Is your wife quitting too?
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16 January 2025 | 40 replies
Additionally, would love to hear how others manage multiple listings with the help of others.
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10 January 2025 | 4 replies
Might be an additional cost there.If units are updated, capex items look good, leases and tenants look solid, and there are no other regular expenses besides the 5200 in insurance/property taxes then I like this deal.
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9 January 2025 | 4 replies
Feel free to share updates or ask additional questions.
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11 January 2025 | 15 replies
These are professionals with additional training and a stricter code of ethics.
9 January 2025 | 0 replies
Additionally, those forced to relocate due to the fires should update their address with the IRS to ensure they continue to receive relevant communications.
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6 January 2025 | 8 replies
Accessory Dwelling Units (ADUs) are an increasingly popular way to generate additional rental income on an existing property.
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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.