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5 January 2025 | 2 replies
DM me or comment below.Thanks in advance for any help!
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18 January 2025 | 36 replies
In our student houses we use a programmable thermostat, but our building monitoring system has its own sensors and can override the wall thermostat and will not allow the temperature to get below 10C (50F) ... we are presently testing a new software load that will also prevent them from cooling the house too far in the summer.
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7 January 2025 | 16 replies
Just know that the majority of those in the 'education segment' of real estate are presenting you their information to make the speaker money... and if you happen to benefit too... that 's great!
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15 January 2025 | 11 replies
If you see any holes in coverage or other followup items, please comment.
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11 January 2025 | 12 replies
Be professional in your communication & in-person presentation.
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11 January 2025 | 12 replies
@Arthur Savery there are some great comments already provided.
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9 January 2025 | 10 replies
Thank you, everyone, for your comments here.
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19 January 2025 | 56 replies
The boot camp is great for anyone looking to become an operator in the space, although it’s also a good general overview over the course of a weekend (I believe it’s Friday Night to Sunday Night).To address the @Marty Sellis comments – we were a virtual company up until about a year ago, with employees around the country.
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18 January 2025 | 10 replies
@Jennifer Fernéz I run sum numbers for you with our tool, see comments and pics below before refinancing and post refinancing .Financial Breakdown: Purchase Price: $200,000 Mortgage (LTV 80%): $160,000 Interest Rate: 6% (30-Year Amortization) Mortgage Monthly Payment: $959Upfront Costs: Down Payment (20%): $40,000 Closing Costs (3.5%): $7,000 Renovation Costs: $15,000 1 Month of Carrying Costs During Renovation: $1,548Total Upfront Required: $63,548Year One Rent: Monthly Rent Income: $2,000 1 Month Rent Losses during renovations (-$2,000): -$167/month distributed over 12 months Total Rent Income: $22,000 per year => $ 1,833 per monthMonthly Expenses: Mortgage Payment: $959 Property Tax (Assuming $3,000/year): $250 per month Property Insurance (Assumption): $100 per month Utilities (Hydro, Gas, Water): $275 per month Assuming 5% Vacancy: $92 Assuming 0 % Repairs & Maintenance first year because unit has been recently renovated Total Monthly Expenses: $1,676Monthly Net Cash Flow: $157Post-Renovation Refinancing Strategy after 12 months:So far, we’ve purchased the property, completed renovations, and rented it out.Next, you can approach the bank for a refinance to consolidate a portion of your initial investment into a mortgage.
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14 January 2025 | 4 replies
Locally some investors say that Niagara county is actually a little more landlord friendly than Erie, but I do not have experience in both counties so I can't comment on that.