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7 February 2025 | 6 replies
In summer, the electric is higher, but the gas is lower so it pretty much evens out over the year.
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31 January 2025 | 5 replies
So even if you miss a month of the higher rent, it will kick in after you satisfy the appropriate "notice period" or they of course have the option to terminate and leave.
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3 February 2025 | 8 replies
If millenial homeowners can't even change their home's air filters, or snake a toilet, or change the oil in their car, that's guaranteed future business for HVAC companies, plumbers, mechanics, and those places all need a place to conduct business in.The commercial mortgage pricing software I use has somewhere around 50 different asset classes in it.
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5 February 2025 | 3 replies
And this is your best chance of house hacking while covering most of your living expense or maybe even cashflow if you buy in the right area.Hope this helps!
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28 January 2025 | 16 replies
I wouldn't even badmouth the ugly thing - I would just ask if they might have any interest in joining you in replacing a portion of the fence.
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30 January 2025 | 24 replies
However, this has to be the primary residence of everyone on title in order to qualify and even if that were all true, we're still only up to $1M that way.I agree with the other commenters, the parents should continue to own it and live in it as their primary, leave it to the daughter when they pass, and she inherits it at the stepped up cost basis.
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5 February 2025 | 5 replies
I'm excited you are here and ready to grow your business even more!
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6 February 2025 | 7 replies
I personally don't care if people are rude or have an attitude or even if they complain.
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22 February 2025 | 6 replies
Still need to screen S8 prospects though.Class D Properties:Cashflow vs Appreciation: Typically, all cashflow with little, maybe even negative, relative rent & value appreciationVacancy Est: 20%+ should be used to cover nonpayment, evictions & damages.Tenant Pool: majority will have FICO scores under 560 (almost 30% probability of default), little to no good tradelines, lots of collections & chargeoffs, recent evictions.
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27 January 2025 | 5 replies
I am looking to connect with the investors there as the promotors are continuing to take Asset Management fees to the tune of $450K a year (on top of PM fees) even when their payout to the investors is around $20K a quarter (not meeting preferred) and the overall fund is negative about $450K.