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3 December 2024 | 4 replies
Problem was it's a common perk for Chinese restaurants to provide lower paid staff with room and board, and without the upstairs apartment, renting an apartment in nearby towns for staff is a problem with rooming house regulations beside a major expense.
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6 December 2024 | 11 replies
I am currently renting out rooms in my house so the renters have their own auto insurance.
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4 December 2024 | 3 replies
Hey Chris, If your agent is only using RCM, they might not be familiar with platforms like Costar or LoopNet (which honestly should not be the case), or they simply may not have the budget to cover the upfront listing fees, which can get pricey.I’d circle back with them, address the plausible elephant in the room, and try to figure out a game plan to get your property on these other platforms.
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4 December 2024 | 6 replies
You have less control with a property like this when compared to other asset classes.The upside here is that it seems there is room for negotiation because of the below-market rent tenants.If you're looking to put down $200-250K, I would recommend looking into a multifamily property, especially one with additional income potential.
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2 December 2024 | 29 replies
This was awhile ago, but in case it's helpful---There are companies that focus on supporting investors to rent by the room.
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5 December 2024 | 22 replies
Strategies like furnished mid-term rentals, renting by rooms, mid-term/short term rentals or creative mixes of these can be considered too.
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3 December 2024 | 5 replies
With $19K invested and a $71K purchase price, your cash-on-cash return should be strong if the rental income covers expenses and leaves room for profit.
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3 December 2024 | 3 replies
For this similar price. 2 bedrooms under $300k : rent a room, Reno the condo, increase value and let it ride while paying down the loan , taking tax benefits and growing equity.
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24 November 2024 | 1 reply
Have the main home on the property lived in by family and let friends live in the very small garage/room in the back.
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3 December 2024 | 12 replies
Or are you planning on renting rooms out (house hacking) while you still live there?