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3 December 2024 | 9 replies
@Tom StevensonHELOC money is extremely expensive - if you buy something that is 100% financed, either entirely with the proceeds from the HELOC, or with HELOC money for the down payment and a conventional loan, you will lose money.
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2 December 2024 | 21 replies
The amount of cash-flowing deals in your market is extremely low, so when you get one you should hold on to it as long as you can so you can reap the benefits of that LA appreciation especially if the property is in a good location.
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2 December 2024 | 7 replies
You can probably find an online link about how extreme temperature changes are not the ideal way to heat a home and cost more in the long run.I don't know what the local rental rules are where you are, but look them up and see if you can give her notice.
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27 November 2024 | 10 replies
Although it also depends on your projected usage and average length of stay.
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27 November 2024 | 7 replies
If you aren't doing it, you should use the average amount with the oil company based on other year's usage and they will average it so it's not $500 in one pop (depending how big these tanks are).
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30 November 2024 | 6 replies
I've personally done 60 deals in Detroit this year and I've seen monthly property taxes anywhere from $20/mo (extremely rare) to $350/month.
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30 November 2024 | 12 replies
Quote from @Kar Sun: My tenant's lease is coming to a close and I am relieved she will be moving soon.She has been paying on time but has been extremely unpleasant and rude.While the money does not smell my mental sanity is more important than money in this case.She sent me a registered letter stating that she feels "unsafe because we have not done the fixes the way she wanted it".She requests to have her witness for a walkthrough.In my state a walkthrough is required but I am not about to grant it to her to bring any witnesses as that is not in my contract.If she feels unsafe she does not have t be present.I also do not treat a final walkthrough with a tenant as a final sign off.This walkthrough does not include a detailed inspection of the plumbing and the appliances that will be done after she departs.This is simply for the visible cosmetic issues and should take less than 1 hr.
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6 December 2024 | 12 replies
Any advice on this would be extremely appreciated!
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25 November 2024 | 2 replies
Almost 100% of all Self Storage buildings are made out of recycled steel, since their usage is not technically demanding.