
6 April 2024 | 7 replies
Some states like my home state of South Carolina re-assess upon sale.The seller property taxes may not be your property taxes.Insurance costs have increased.

5 April 2024 | 4 replies
As an alternative, would you feel confident retiring on $5k/$10k/or $15k/mo of income that increased about the same as inflation every year?

5 April 2024 | 0 replies
.- I underwrote these projects only using annualized revenue (rent increase with some extra vacancy loss in year 1 x total units x 12 months) / total project cost- For projects I know were successful, I'm seeing a larger increase in NOI than expected so shifting to a yield on cost metric that's market adjusted NOI growth / total project cost.- I'm seeing a lot of volatility on these and can't land on what metric to use.

5 April 2024 | 1 reply
I've been paying escrow+mortgage on rentals since 2015 and never had this happen to me.Details:Mortgage company does an escrow analysis and finds the following:2023 Taxes $1648 + Insurance $1634 = Total: $3282New Escrow for 2024Taxes $2331 + Insurance $1918 = NEW TOTAL: $4250- With increased tax and insurance I owe $968 more on escrow.- $968 difference paid out over 12 months would be $80.60 per month MORE.The mortgage company is claiming that I owe $3,000 MORE in escrow and is charging me an additional $250 per month.I checked with them and I've NEVER missed a payment and have been up to date this whole time.They say its not a mistake but couldn't explain why I owed $3000 more instead of $968 more for the year.Am I missing something?

5 April 2024 | 1 reply
Look for areas with strong growth potential, considering factors like job growth, population increase, and infrastructure development.

5 April 2024 | 1 reply
Purchase price: $118,000 Cash invested: $89,000 Sale price: $315,000Brought seller out of foreclosure and remodeled house from condemned to seller closing with property value increased by $196,000.00!
5 April 2024 | 5 replies
If you plan on using the HELOC as a down payment on another property that you plan on financing, just keep in mind you are increasing the debt on your current property, and paying interest on the HELOC, as well as interest on the new purchase if you finance it

5 April 2024 | 2 replies
Instead, buy some Altria (symbol "MO") stock, which has 58 years of steady to increasing dividends, and is yielding around 10 percent.

5 April 2024 | 7 replies
@Daniel Rivera you may need to adjust your expectations.Here's industry "standard" fees:Monthly Management: 8-10%Placement Fee for Tenant Procurement: 50-100% of one-month of rent.

4 April 2024 | 15 replies
In my market, that means the rent will increase.