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29 October 2024 | 10 replies
The property in combination with the local market has resulted in a very large # of applicants having section 8 subsidies.My company has only had a handful of section 8 tenants apply in the past but have never had any that ended up leasing from us.I'm looking for advice as to what questions should we be asking of section 8 tenants?
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29 October 2024 | 11 replies
Does it have to be 100+ hours for one of us individually, or can it be 100+ hours for my spouse and I combined?
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5 November 2024 | 52 replies
Like show us the current status on our bundle and improved search functions.
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26 October 2024 | 1 reply
If the cracks are big enough to create a tripping hazard or the floor is so uneven it could cause someone to fall, then I would want that fixed.If it's safe, then I want to ensure it is functional.
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27 October 2024 | 0 replies
We're looking to renovate something before the end of the year to accomplish 2 things: 1) Improve home value so we can get appraisal, refinance and leverage that to buy a new property. 2) Take advantage of the tax credits that are out there in 2024 before the new year or is it better to wait until 2025 and just hold onto the cash I have at hand.Here is a list of renovations that will need to be done eventually:*Brand new basement kitchen (cabinets + add seating area - we already have brand new dishwasher, fridge, gas oven)*New standing shower in the basement bathroom*New Siding*AC/Furnace for unit 1 are close to end of life but still functioning*New Fence/landscaping*New Windows for the basement*New Garage (unstable, concrete shifting, very old)*Solar Panels on the roof (There is a $0 down payment lease option w/ sunrun, but I'm hesitant to move forward)*Renovate master bedroom closet for tenants (it is old & has built in entertainment center that is very dated)*Repair Catch basin*Adding better drainage system for back door.Greatly appreciate any help, insight or advice!
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28 October 2024 | 6 replies
What would your monthly payments be verses the combination of the separate accounts all with individual rates you're currently paying on?
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2 November 2024 | 19 replies
So we will go from 1 unit to 4 units, with a combination of personal funds and construction loans.
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5 November 2024 | 34 replies
Hey @Scott Meech - Check out your competition with furnished finder that is where a lot of Medium Turn rentals list their properties.I have a MTR in Chicago that has been decently successful...whatever I have found throughout my entire life and investing career is it is never one property/deal that is a grand slam...Rather, the grand slam is done by hitting many singles and using systems and processes to scale your operation; the combination of scaling and experience in a niche of real estate allows you to hit unlimited grand slams because, unlike baseball, real estate is NOT a zero-sum game.
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28 October 2024 | 17 replies
You could even consider an AirBnBRRRR strategy, which combines short-term rentals with the BRRRR method.
28 October 2024 | 5 replies
For example, I mention that every adult must pay a $30 application fee, pass my credit/criminal background, make a combined income of 3x the rent, and whether or not the property accepts pets.