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20 March 2024 | 6 replies
Hard enough to operate effectively long term, gotta be compensated for that effort.
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21 March 2024 | 2 replies
House hacking is an excellent strategy for beginners, and it sounds like you've done your research and are ready to take the next step.When evaluating your first investment property, here are some key factors to consider:• Location: Choose neighborhoods with high rental demand, low vacancy rates, and potential appreciation.• Property Condition: Assess property condition and potential renovation needs.• Rental Income: Determine potential rental income for each unit.• Expenses: Estimate operating expenses including property taxes, insurance, utilities, maintenance, vacancies, and property management fees.• Financing: Explore options like FHA loans, conventional loans, or portfolio loans.• Cash Flow Analysis: Use a tool or spreadsheet to calculate projected cash flow.Based on your estimate of $300 per month in cash flow, make sure to verify that this aligns with your financial goals and risk tolerance.
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21 March 2024 | 8 replies
The snow ball effect.
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20 March 2024 | 15 replies
The HAP remains in effect as long as the lease is in effect.
20 March 2024 | 0 replies
New York home sellers must make disclosures under updated law in shift away from 'buyer beware'For the past 22 years, Long Islanders selling their homes could avoid answering detailed questions about their property by giving a $500 credit to buyers.They no longer have that option starting Wednesday, when new changes to state law take effect.
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22 March 2024 | 81 replies
When Grandma dies if you call the family asking to buy Grandma's house because you see its going through probate, you sound super creepy and predatory.
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19 March 2024 | 9 replies
@Rhia Mckissic It sounds like you're going through a tough time with your property.
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21 March 2024 | 9 replies
Sounds like he needs a bridge cash out loan.
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21 March 2024 | 4 replies
Welcome to BP - sounds like you are on a great path!
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20 March 2024 | 8 replies
Sounds like you are off to a reat start.