Noah Bacon
Which professional is the hardest for you to find?
13 July 2024 | 13 replies
In my field of work, we collaborate with different tax professional all over the country and I personally have a few favorites with various knowledge and insights!
Matthew Shanks
Book or learning resources
12 July 2024 | 9 replies
Check out my personal favorite, Set For Life by Scott Trench , or The Total Money Makeover by Dave Ramsey.3.
Brian Leseberg
Where do you collect your rental income?
12 July 2024 | 10 replies
I've tried 5 different rent collection platforms and Turbotenant is by far my favorite.
Anthony Swain
REAL House Hacking Numbers
12 July 2024 | 10 replies
Rent $2,600/month as MTR Vac (5%) -$130 Main. (5%) -$130 Insurance $97Cap Ex (10%) -$260 Taxes $240Utilities -$175 NOI $1,905 PITI+PMI= $3,846Net Income as HH (aka our cost per month)= $1,905 - $3,846 = -$1,941 My wife and I essentially split $1,941/month to live in our duplex in one of our favorite neighborhoods.So you may ask, "What about your ROI?!"
Marika Aubrey
New member looking to BRRRR upstate NY
12 July 2024 | 16 replies
I understand the capital region, the Adirondack region, and Western New York (Rochester and Buffalo) have their strengths and weaknesses, but I'm going to focus on this central part of the state.Binghamton is my favorite investment market for a few reasons, but it's not for everyone.STRENGTHS- low prices- blue collar overall, meaning lots of resources for contractors- growing university, consistently growing rents- I expect to see an actual 10% cap rate here, higher if the property needs work- compared to downstate, permitting, evictions, etc. are simple and quick- no code compliance inspections required on existing multifamiliesWEAKNESSES- no. natural. appreciation.
Tori Trent
What are house hacking strategies that others overlook in an expensive area?
14 July 2024 | 27 replies
Otherwise, you can use a source like Propstream or TitlePro247 from a you favorite local title company to research homes on the market with assumable loans.
Greg Teplansky
Should I use a professional designer?
12 July 2024 | 12 replies
They have expertise in selecting furniture, decor, colors, and layouts that complement the property's style and appeal to potential guests.Optimized Space Utilization: Designers can maximize the functionality of your rental property, ensuring that every space is utilized effectively.
Ruben Fairman
Best way to sell updated SFR with tenant in place
11 July 2024 | 2 replies
This is not my favorite option as most real estate agents wouldn't know how to handle the marketing of a property with a tenant currently in it. 2) Find an investor friendly agent who might already have buyers looking for that type of property.
Patrick McGhee
Breaking in to Real Estate investing
11 July 2024 | 2 replies
Particularly be sure to include your goals for real estate investing so that folks can help you. 2) Follow your favorite forum topics and set up keyword alerts!