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21 November 2024 | 4 replies
- What are some methods for projecting cash flow from home sales and determining an appropriate discounted cash flow (DCF) rate?
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20 November 2024 | 15 replies
Some HIs will walk the property with you for a steep discount and tell you what they see to inform your offer.
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19 November 2024 | 7 replies
While they are living there and doing renovations, I will discount the rent and apply the discount to the renovations.
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20 November 2024 | 3 replies
This would make it into two, two bedroom units with the intent of making them long term rentals.I'm guilty of having a lot of projects going at once so my focus right now is bringing the cottage to a point to refinance out of the private money and either make it our primary residence for a year for the financing perks or to go straight into a short term rental.With the four bedroom house I'm trying to decide if it's worth splitting into two units or if I should keep it a four bedroom rental.The cottage I'm also tempted to do mid term with to lower the turnover and maintenance but open to suggestions.The third property I'll probably just let the current renters pay the mortgage for the time being if I'm able to acquire it anytime soon.
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15 November 2024 | 4 replies
are you going to be able to buy deals at a deep enough discount for them to work as a BRRRR?
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21 November 2024 | 10 replies
The FHA househack strategy is fairly common and pretty straight forward, a lot of people have been using this and/or the conventional househack (myself included) so have been on both sides of the table.
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20 November 2024 | 4 replies
Remember not to discount your primary home as an investment.
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22 November 2024 | 9 replies
I haven't been expanding my business with LMHA since the end of 2016 per my posts above so I don't know exactly what changed, but I expect the outsourcing of inspections to private industry + some executive level leadership + replacement of staff with new faces excited to serve the needs of HUD/Landlords/Those In Need has resulted in an agency I will develop more business with.The HCVP will always be a double edged sword for landlords (See Section 8 Bible discussion) but for now I have discovered it is finally worth the effort to participate in the program.I specialize in Toledo's transition neighborhoods, discounted houses on the edge of nicer areas but also on the edge of trash...the Section 8 program allows me to get long-term tenants who are a good business model provided they are consistently managed and visited/inspected for additional "visitors" (relatives and random dogs/cats) and damage/housekeeping which can destroy a home if left unchecked.You need to know the rules, repair and renovate for long-term durability, prepare for inspections thoroughly and keep a team of contractors who will hold those standards...after 8 years we have been through a hundred inspections.
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20 November 2024 | 11 replies
I don’t discount my units.
19 November 2024 | 6 replies
I am a huge fan of DIY cost segs (I have compared with kbkg) feel free to reach out for my friends and family discount code with DIY.