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14 January 2025 | 4 replies
The violations would include 'the personal occupation of a garage as residence' while asserting to police that he didn't live in it, along with the power overloads due to use not in keeping with a garage rental.
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11 January 2025 | 2 replies
@Polat CaglayanI've never seen a formula but here is a general rule of thumb for multifamily:The class of an apartment refers to the quality of the building, which can be determined by a number of factors, including age, location, and condition: Class A: These are the highest quality apartments, typically built within the last 15 years.
8 January 2025 | 3 replies
Challenges include depreciation in market value (i.e., mobile homes often lose value over time unless they are situated on owned land) and tenant turnover.However, tax advantages include depreciation deductions, which allow you to offset rental income by writing off the property's value over time, and cost segregation, which accelerates certain deductions.
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14 January 2025 | 6 replies
@Adonis Williams, you've received great comments: It depends on so many things, including FICO, LTV, type of loan, etc.
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13 January 2025 | 15 replies
Quote from @Brandon Croucier: Quote from @Chris Seveney: They are more than a one man show - they are doing $10-12MM a year in lending (also have other parts of business) and have the people and systems in place includin g all above except the deal flow.How does one profitably run a PML company with numerous people only funding 10-12M a year?
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18 January 2025 | 36 replies
I would notify her in person and in writing (big note on her door) including quoting the clause in the lease where she is responsible, and tell her you will be inspecting to insure the heat remains on, high enough to protect your unit, or she will be breaking the terms of her lease and also liable for any damage done in the downstairs unit as well.
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11 January 2025 | 7 replies
The law allows you to charge for ALL cleaning, including trash removal.
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14 January 2025 | 11 replies
Books like “The Millionaire Real Estate Investor” by Gary Keller, “Rich Dad Poor Dad” by Robert Kiyosaki, or “The Book on Rental Property Investing” by Brandon Turner can give you a solid foundation in REI strategies, including wholesaling.Most of the content offered in coaching programs can be found in books, free webinars, forums like BiggerPockets, and YouTube channels.
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12 January 2025 | 12 replies
I'd be happy to provide some recommendations and suggestions for your situation as a foreign citizen living in Miami.First, it's important to have a good understanding of the local real estate market, including pricing trends and neighborhood dynamics.
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8 January 2025 | 3 replies
Screening: Includes income verification and rental history verification.