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27 January 2025 | 4 replies
I imagine there is a good level of demand for your services in a city like Nashville!
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3 February 2025 | 27 replies
Buy in a market not too far away, 30 to 1 hr from a decent city center where values are reasonable and a city push out with help your rent and appreciation.
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28 January 2025 | 14 replies
None I could say with confidence without knowing more details on the borrowers experience, property type, city, and project numbers (PP, Rehab, ARV).
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23 January 2025 | 9 replies
Quote from @Jim Stanley: You should reserve insurance for large claims.Contact the city and report the issue to them.
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31 January 2025 | 11 replies
Hey @Mike Nelson, never assume anything about STR rules and regs.Here is the STR rules for Oak Park - https://codelibrary.amlegal.com/codes/oakparkil/latest/oakpa...I would call the city and make sure it is legal for a specific property.Now regarding the famous person angle, sure it can add value to the property or as a STR, but for STR use, I would think you would need it to be in original condition with a lot of the furniture and knick-knacks that were owned by the famous person along with a bunch of photos etc featuring the famous person.If you buy a place that has been totally redone but was owned by someone famous but has no features or things that were theirs, then I don't see it being a draw.
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24 January 2025 | 42 replies
However, I happen to own 2 houses already on that street of older small 2/1s including the one next door that I purchased last summer in updated condition with a good long term tenant in place for $25k!!!
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24 January 2025 | 4 replies
If mass deportations were to actually happen, it could slightly ease demand, mainly in larger cities, but probably not enough to change rent rates.
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27 January 2025 | 12 replies
If you are looking at multifamily in Kansas City, I can help with that.
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23 January 2025 | 8 replies
Louis City is NOT part of St.
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5 February 2025 | 6 replies
:)As for LTR rental terms, usually we sign a 1 year lease where tenants are expected to pay Electric and Gas if applicable, while the owner typically pays water/sewer/trash with the city.