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31 January 2025 | 27 replies
Nice try, but this time does not count.In order to meet 750 hours, your wife will need one of the below:- do something else real estate related, like wholesaling or realtor- actively work on expanding your rental portfolio - have an extensive DIY rehab, like a month-long full-time rehab (and then she might need another kind of rehab)- a calamity such as multiple properties damaged in a storm where she will have to deal with insurers and contractors- something else out of the ordinaryAgain - if all you have is 9 single-family properties with stable tenants and typical occasional maintenance - you don't have enough work to collect 750 hours.
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22 January 2025 | 12 replies
I'm not counting those since I don't manage them, but I typically avoid cities and states with laws antagonistic to landlords.
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13 January 2025 | 15 replies
Does Hard Money typically cost 30-40% of the purchase price??
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29 January 2025 | 32 replies
There is not a black and white answer.
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16 February 2025 | 61 replies
We don't allow cancellations less than 14 days out, so typically if they book, they stay.
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4 February 2025 | 38 replies
Midwest cities with populations under 300,000 typically have cheap property taxes.
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26 January 2025 | 15 replies
You typically need a down payment for many things you buy.
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21 January 2025 | 10 replies
Typically it would be the tenants responsibility to provide access.
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17 January 2025 | 6 replies
These platforms typically have billing policies where you pay a per unit fee per month to the software and you get regular updates and support each month.There are a number of low-cost platforms available that are able to offer you a lower price by passing along some of the costs to your tenants (payment processing fees, applications, tenant screening, etc).
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20 January 2025 | 31 replies
You're better off opting for an interest-only mortgage, saving on payments, and then refinancing it into something more conventional when interest rates drop—or, if possible, making a plan to pay down the principal.Interest-only loans, which typically last for the first 5 to 10 years of the loan term, offer two key benefits.