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21 January 2025 | 10 replies
Costs before that (during remodeling) are added to the basis.2.
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4 February 2025 | 7 replies
Aloha Joshua, I deal with clouded/messy titles often and it's not my first choice as its froth with a lot of time, costs and risks.
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8 February 2025 | 12 replies
You end up with Hotel Quality sheets / soaps for the cost of Amazon or even less.
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30 January 2025 | 10 replies
I have found that they worked really well when it comes to getting better tenants and better rents, and having less hassle, less headaches, and then getting a higher sales price; without paying closing costs or realtor fees.
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25 January 2025 | 3 replies
Evicting them, even after purchase, could be a lengthy and costly legal process.
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4 February 2025 | 2 replies
"the typical home warranty costs $450 annually, and only 25% of premiums are paid to homeowners.
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6 February 2025 | 58 replies
Can try to reposition to Class B, but neighborhood may impede these efforts.Vacancy Est: Historically 10%, but 15-20% should be used to also cover tenant nonpayment, eviction costs & damages.Tenant Pool: majority will have FICO scores of 560-620 (approaching 22% probability of default), many blemishes, but should have no evictions in last 2 years.
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28 January 2025 | 1 reply
For those who’ve used it, what strategies or sources have worked best for you when covering the difference between your loan and the total project cost?
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30 January 2025 | 1 reply
Renovations can cost more than you expect, add 10% to your overall number.
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1 February 2025 | 9 replies
To offset costs, I’m planning to buy a duplex and pursue a house-hacking strategy:1.Rent out one unit as a long-term rental.2.Live in the other unit and rent out the bedrooms as short-term rentals (STRs) through a furnished rental approach.Before diving in, I have a couple of questions:1.Can I use a property for both short-term and long-term rentals?