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12 August 2024 | 16 replies
I've been advocating against rental inspections for years, yet there's been no traction at the state level.
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12 August 2024 | 8 replies
I’m interested in doing long term rentals using the BRRRR strategy, but curious to learn what others are doing.
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12 August 2024 | 4 replies
So far I have already read "Rich dad poor dad" and "The book on rental property investing" by Brandon Turner and I am now looking for my next book.
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11 August 2024 | 5 replies
Looking for referral for great North Myrtle Beach manager for my rental property
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12 August 2024 | 1 reply
I have several rental properties that are in personal name and I heard I have to do a quit claim deed but can some explain what is the purpose on doing this , thanks
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12 August 2024 | 8 replies
But I have been looking into splitting the duplex into two condos (yes I know it is a lot of work) and I could probably get 325-350k for each, netting me 650-700k.Number:* Mortgage interest 2.5%* Mortgage principle 240k* PITI $2100/month* Rent 2200/month (current tenant on a two year lease)* Potential rent on my side $2400/month * 100k HELOC at 11% (fixed) (not currently being used)* est additional cost to split the dueplex 75-100k (conservative, probably less) *new siding 30k (just put on a new roof this year) *legal 10-15k *fire proofing 15k * 15-40k for stuff I am not aware of or underestimated on* some of the appreciation is external from the home *big grocery store put in 3min away * newly paved road in front of my house *a building that was falling down across the street has been torn down * Still a vacant lot with the foundation exposed and fencing around it (so more local improvements are on the way)Part of me wants to take the money and run but man I love that 2.5% interest rate and the $2000/month cash flow (including taxes and capx)I have thought about 1031 exchanging into more rentals, but I would like to pivot into storage units.
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8 August 2024 | 2 replies
What is a good rental property insurance?
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12 August 2024 | 4 replies
We have a few lenders that will go 90% LTC on flips and 80% LTV on rental properties in the OH market.
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12 August 2024 | 2 replies
Purchase price: $390,000 Cash invested: $150,000 Rezoned to allow for ADU and am currently finalizing plans to add a second story and redevelop the 3-car detached garage into an medium term rental with an ADU above the garage.
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12 August 2024 | 30 replies
As long as the rental income covers the new mortgage payment, you qualify.