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27 June 2024 | 9 replies
This is a good idea and should be done during due diligence after you have the property under contract.There are some contractors that just work with investors and efficiently get the work done on fixer-uppers or flips in a timely and cost effective way.They may charge you for the estimate which is credited to any work you have done.A general contractor is not a replacement for a quality home inspector and the home inspector may find additional work that needs to be done so good to have them there on the same day if possible.Both results and estimates are useful in retrading or renegotiating after the due diligence.To your success!
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25 June 2024 | 51 replies
1k rent is about 8k net income, $100k/property $850k for package of 10
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26 June 2024 | 2 replies
It's generally advisable to have a guarantor in such lease agreements, as it provides an additional layer of security.
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26 June 2024 | 8 replies
There are also additional costs of operating and maintaining an LLC, like separate bank accounts, annual report filings, tax filings, etc.2.
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25 June 2024 | 30 replies
Last month, I purchased my first rental property in Baltimore for $117k and invested an additional $13k in renovations.
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26 June 2024 | 22 replies
Journal entry credits any income and debits any expenses that are in Buildium. 4.
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26 June 2024 | 8 replies
That being said, income limits will also apply when exploring the USDA loans.
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27 June 2024 | 11 replies
But we can afford that (our current bay area home is paid off) and we have a regular income & no other debts.
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27 June 2024 | 4 replies
We are searching for new tenants and are considering a tenant who has plenty of income and >800 credit.
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25 June 2024 | 24 replies
BRRRR opportunities can be a great way to build your portfolio and generate passive income.