Would love to purchase some place that has year round activities so income isn't limited just to winter.

Here are some tips for networking and making the most of your account. 1) I'd fill out your profile fully before you do anything else!

Specializing in how to use your investment accounts to invest.

My Rental PIS date will be August 1, 2024. I currently just have a 2-door honda that I will use for business travel/managing the rental. Ideally, I'd like to buy a more practical car for managing my rental (something ...

1k rent is about 8k net income, $100k/property $850k for package of 10  

For landlords, lease options can attract tenants who are committed to the property and may take better care of it.Commercial Property Considerations: When considering a lease option for a commercial property in Texas, ensure that:The terms of both the lease and the option agreement are clearly defined and legally binding.Both parties understand their rights and obligations, including maintenance responsibilities, payment terms, and conditions for exercising the option.Consult with a real estate attorney to draft or review the lease option agreement to protect your interests.Here are some things that may help you form a pros and cons list going forward:Advantages:Potential for higher rental income due to the option premium paid by the tenant.Attracts long-term tenants who may eventually purchase the property.Allows flexibility for both parties in uncertain market conditions.Considerations:Ensure the option fee and terms are fair and reflect the property's market value.Understand the financial implications and tax considerations associated with lease options.Be clear about the tenant's ability to exercise the option, including financing requirements if they decide to purchase.Lease options can be a viable strategy for commercial properties in Texas, offering flexibility and potential benefits for both landlords and tenants.

:) Kristen Cabasrrus county:Local Market Update for May 2024Key Metrics 2023 2024 Percent Change Thru 5-2023 Thru 5-2024 Percent ChangeNew Listings 310 371 + 19.7% 1,416 1,613 + 13.9%Pending Sales 299 276 - 7.7% 1,400 1,291 - 7.8%Closed Sales 296 290 - 2.0% 1,153 1,172 + 1.6%Median Sales Price* $368,000 to $395,000 + 7.3% $360,000 $390,750 + 8.5%Average Sales Price* $398,575 $426,621 + 7.0% $380,709 $427,450 + 12.3%Percent of Original List Price Received* 97.7% 98.2% + 0.5% 95.9% 97.8% + 2.0%List to Close 82 79 - 3.7% 95 88 - 7.4%Days on Market Until Sale 34 26 - 23.5% 45 35 - 22.2%Cumulative Days on Market Until Sale 37 27 - 27.0% 48 38 - 20.8%Average List Price $433,005 $476,998 + 10.2% $432,125 $452,474 + 4.7%Inventory of Homes for Sale 354 469 + 32.5% -- -- --Months Supply of Inventory 1.4 2.0 + 42.9% -- -- --* Does not account for sale concessions and/or downpayment assistance. | Percent changes are calculated using rounded figures and can sometimes look extreme due to small sample size.Entire Canopy MLS Area —Cabarrus County —Current as of June 7, 2024.

Hello, Albert Lubin, the 50% rule is a general guideline used by real estate investors to estimate the operating expenses (OpEx) of a property as a percentage of Effective Gross Income (EGI).

Also, focus on 2 years of job/income stability.Class D Properties:Cashflow vs Appreciation: Typically, all cashflow with zero or negative relative rent & value appreciationVacancy Est: 20%+ should be used to cover nonpayment, evictions & damages.Tenant Pool: majority will have FICO scores under 560, little to no good tradelines, lots of collections & chargeoffs, recent evictions.

BRRRR opportunities can be a great way to build your portfolio and generate passive income.