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19 January 2025 | 27 replies
Tell him you'll give him a call :) This is one of the reasons why we tell tenants they need to vacate the property for any major repairs.
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24 January 2025 | 6 replies
I still have plenty time left saving but when the time comes I’ll either be looking into conventional loans, or some type of remodel loan to pay for the repairs of the property I am looking to fix up, because as far as I’ve seen so far it’s hard to find a good deal starting out unless you buy it as discounted as possible and put some sweat equity into it, let me know your thoughts on that ur possible.
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16 January 2025 | 6 replies
For example do you have a great w2 and can you afford to cover costs of a major repair or 3 months of vacancy?
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21 January 2025 | 13 replies
Any repair issues the new acquisition has you will feel to much greater magnitude due to the property carrying a lot of debt.
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25 January 2025 | 7 replies
No more getting your phone blown up with questions!
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18 January 2025 | 18 replies
And 3 days a year I spend about 30 minutes pondering a repair, rent increase or turnover choice.
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13 February 2025 | 35 replies
Just be careful buying in a C-D class area that needs repairs.
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24 January 2025 | 12 replies
Do you include a website on the mailer, or just a phone number for the seller to call?
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1 February 2025 | 30 replies
The best deal I can find today is one that you buy cash, invest a rehab and when you pull out 75% of your ARV you leave maybe a small amount of money in the deal and you break even (BEFORE DISCOUNTING FOR VACANCY, REPAIRS, etc) Yes that means you leave like 10-25k in the deal and your payment becomes $3000/m and your rent is $3000 a month or slightly less.This is for my local market and for Class B or higher RE.
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27 January 2025 | 9 replies
Renting at FMV allows you to deduct mortgage interest, property taxes, repairs, HOA fees, and depreciation against your W-2 income, potentially reducing your overall tax liability.