
27 June 2024 | 3 replies
Here are some tips and insights to consider as you begin building your real estate portfolio:Options:Refinancing: If you have equity in your condo, consider refinancing to access funds for future investments.Investment Loans: Explore options like conventional loans for financing future rental properties.HELOC: Depending on your equity and financial situation, a Home Equity Line of Credit (HELOC) could provide flexible financing for down payments or renovations on new properties.Build a Financial Strategy:Budgeting: Create a detailed budget that includes mortgage payments, property taxes, insurance, and maintenance costs for your rental property.Cash Flow Analysis: Calculate expected rental income versus expenses to ensure positive cash flow.Emergency Fund: Set aside funds for unexpected repairs or vacancies.Research the Rental Market:Location: Choose rental properties in areas with strong rental demand and potential for appreciation.Tenant Profile: Understand the demographics and preferences of renters in your target market.Market Trends: Stay updated on rental market trends and local regulations affecting landlords.Property Management:Self-Management vs.

26 June 2024 | 8 replies
An Attorney will help with creating an LLC.LLC is not required, may make getting financing more difficult.It may provide some asset protection.Most of the asset protection that you need will come from the insurance policy.Discuss with the insurance agent on situations that you are not protected.Have a discussion with an attorney if your extra concerns can be protected through an LLC.

26 June 2024 | 1 reply
Understanding How Real Property Works I am not making the argument to do anything unsafe or that you need to do all of the work on your properties yourself but I believe that understanding how real property works will save you from being ripped off, allow you to prioritize repairs more effectively, and get you out of tough situations by providing you with solutions to problems.Why Basic Home Maintenance Skills MatterCost Savings: Knowing how to do some basic things yourself can save thousands of dollars.

27 June 2024 | 41 replies
Can anyone that has worked with Citrona please provide some first-hand experience?

26 June 2024 | 3 replies
Include a timeline for when you expect a response.Request for Repairs/Completion: Ask the contractor to either complete the work and reinstall the alarm system or provide compensation for the damages and incomplete work.

26 June 2024 | 0 replies
Partnering with MH Property Solutions provided valuable local insights, making this an attractive and strategic investment for Partner Driven.

26 June 2024 | 2 replies
If that's true, then what benefit does the property loss from the previous years even provide (if you can just avoid capital gain by buying another house immeditately)?

24 June 2024 | 4 replies
Visiting the property is up to you and your comfort level with your property manager, home inspector, etc.

28 June 2024 | 46 replies
Could you provide the county / parcel number?

26 June 2024 | 2 replies
It's generally advisable to have a guarantor in such lease agreements, as it provides an additional layer of security.