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13 September 2024 | 4 replies
Tenant shall keep the Premises free of all pests, including without limitation, rodents, fleas, bed bugs, ants, cockroaches, gnats, flies, and beetles.
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12 September 2024 | 7 replies
Looking for a 3 bed at minimum (SFH or Townhome) in really any safer part of Houston.
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11 September 2024 | 1 reply
Currently, my wife and I own a house that we purchased for $346,000 (4 beds, 3.5 baths) 7 years ago in California, which is now worth $606,000.
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12 September 2024 | 58 replies
The units are fully furnished, including bedding and all utilities included.
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12 September 2024 | 9 replies
My tenant moved out a couple of days ago, and when I walked through the unit, I discovered that he had removed the curtain and curtain rod, detached the room air conditioner, and caused significant scratches on the hardwood floor from the metal bed frame legs.
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11 September 2024 | 2 replies
So the current situation I have is what route to take, I am currently looking a potential townhome for 500k in the salt lake valley 5.1% interest rate on a FHA with 3.5 down. 3 bed 3 bath, unfinished basement.
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12 September 2024 | 4 replies
The $750 market rent for a 2-bed is also relatively low. - Is this property in a Class C or D area?
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11 September 2024 | 8 replies
Basement unit fits 3 bed 2 baths.
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12 September 2024 | 6 replies
Impressive Rent-to-Price Ratios: Average rents for 3-bed homes are about $800-$900/month, potentially yielding 12-15% gross returns.Economic Transition: While historically industrial, Bay City is diversifying into healthcare, education, and service sectors.Revitalization Efforts: Downtown redevelopment and community initiatives are breathing new life into the city.Strong Cash Flow Potential: Low property taxes and insurance costs contribute to robust monthly cash flows.Let's crunch some numbers on a hypothetical deal:Purchase Price: $75,000Down Payment (20%): $15,000Mortgage (4.5% interest, 30-year fixed): $304/monthProperty Tax: $100/monthInsurance: $60/monthEstimated Repairs/CapEx: $100/monthProperty Management (10%): $85/monthTotal Monthly Expenses: $649Potential Rent: $850/monthEstimated Monthly Cash Flow: $201Cash-on-Cash Return: About 16.08% (not including appreciation or tax benefits)These are rough estimates, and individual properties will vary.
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14 September 2024 | 26 replies
Most often it was out of need for a specific location and space, so I first concentrate on the location, then #beds (typically), once I've narrowed it down, then I go to budget.