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15 July 2024 | 19 replies
The right property manager can be a valuable asset for your investment and can help you find the other resources you need.Realtor – Look for one who knows the market, understands your needs, and hopefully has a good relationship with your property manager.ContractorLenderAttorney – A local attorney or someone knowledgeable about the specific market can be a great help when it comes to local ordinances and laws.
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12 July 2024 | 5 replies
Assess if you have enough time for tasks like tenant screening and maintenance.Expertise: Professional managers know landlord-tenant laws and property maintenance best practices.Cost vs. benefit: Weigh management fees against potential savings and efficiencies professionals might offer.Property location: Distance from your home to the property matters.Number of units: More properties increase management complexity.Stress tolerance: Consider your comfort level with tenant interactions and problem-solving.Long-term goals: Professional management can free you to focus on expanding your real estate portfolio.
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15 July 2024 | 9 replies
Yes, our one house with them has been basically trouble free for 8 years.
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15 July 2024 | 11 replies
I'm open to hearing all perspectives, hence why i'm reaching out to different platforms and taking in as much knowledge as i can.
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14 July 2024 | 7 replies
I would get very close to breakeven, but you are still living for practically free (not counting repairs, maintenance, and management) while paying down the mortgage on a monthly basis.I have never purchased a new property to house hack, but I would run the numbers like any other investment property.
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16 July 2024 | 33 replies
My expectation for cash flow from this property is $33,000 less than the inexperienced investor and with this knowledge I become more conservative in the amount I’m willing to take on for servicing debt.in smaller property deals the prices are being bid up too high by inexperienced investors not accounting for these expenditures when calculating expected cash flow.
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13 July 2024 | 2 replies
Wealth of knowledge - It's easy to quote a loan, it is much much harder to get one closed.
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14 July 2024 | 12 replies
Most people assume house hacking means you have to live for free but that isn't true at all.
13 July 2024 | 1 reply
I also know there are side hustles, wholesaling etc, but I am not looking for ideas that will delay the purchase process time wise.Can anyone share some knowledge or experience tailored to my scenario, if there is a way to purchase a house asap in this case?
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10 July 2024 | 4 replies
You can get:-$10,000 per unit for mini-splits - $5,000 per unit for knob and tube removal - 75-100% off insulation- FREE light bulbs and light fixture- FREE thermostats- FREE Shower HeadsWe just got $20,000 for knob and tube removal at a 4 unit and $30,000 to replace this shared boiler at a 3 family we own.