Tristan Kelly
First MF purchase in Cleveland OH
29 January 2025 | 11 replies
Purchase price: $90,000 Cash invested: $55,000 Triplex in SE Cleveland (D+ neighborhood)Purchased for 90 and saw 105 for valuation. 25% down plus closing costs and unit repairs has led to about 50-60k going into the deal.
Amamihe Nnodum
A year review of my second property purchase
24 January 2025 | 0 replies
Refinancing has more nuances than it seems, and so do closing costs.
Christopher R.
Homeowners Insurance/Landlord insurance/Umbrella insurance
23 January 2025 | 15 replies
That may increase your cost or limit the coverage you can get.The Year that the following were updated (either partially or fully) would be good to know:- Heating systems- Roof- Plumbing- electricalSome companies will not write properties with systems that have not been updated.As long as you are living there, the proper policy for a 1-4 family is a "Homeowners" policy.
Max Smetiouk
Heating Option: gas vs electric
22 January 2025 | 5 replies
First question would be: what is the cost per kwh vs cost per gal of LPG?
Curtis Cutler
cashing in 401k? rethinking retirement.
5 February 2025 | 10 replies
.$8,000 would likely go away in closing costs.
Clarase Mika
Why Americans Should Be Investing in German Real Estate: An In-Depth White Paper
24 January 2025 | 0 replies
Rental income is subject to tax, but it is also possible to deduct many costs related to owning and maintaining rental property, including property management fees, repairs, and mortgage interest payments.Additionally, for those investors holding properties in Germany for the long-term, the country's capital gains tax law is attractive.
Spencer Dixon
Creative Deal making
4 February 2025 | 0 replies
With down payments, improvements, commissions, title work, holding costs etc....
Cameron Marro
Seeking Renovation Advice for My First Investment Property
3 February 2025 | 15 replies
Focus on key areas first (like floors, walls, kitchen, or bathroom), which may help you handle the costs more gradually, even if it means moving in furniture or updating fixtures down the line.Also, since the tenant left it in rough shape, be sure to document all the damage (photos, receipts) in case you decide to pursue reimbursement through their security deposit or in court.
Adam Newman
10% down or 20% down???
23 January 2025 | 10 replies
Or if you want a lower monthly payment, then do the 20% down.You can also negotiate credits with the sellers to use towards your closing costs or rate buy down.
Henry Clark
Self Storage- security system success
2 January 2025 | 2 replies
If a bird flies through one of the sets, the alarm does not go off.So you have two of these boxes, which can be set up to 300 feet apart.