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12 May 2021 | 4 replies
They put a tenant in a property (I pay 65%of first months lease), tenant pulls apart all the appliances looking for copper or parts to sell (I pay $1500 for new appliances), they evict tenant and I pay minimal fee while it’s empty until rented, they rent to new tenant (I pay 65% of new tenants first months lease and rekeying fee), etc. - over last 2 months property manager has made about $750 extra payment while I have lost about $2000 unexpected losses and it’s all a result of the property managers decisions.
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19 May 2021 | 7 replies
Some banks won’t write certain types of properties or properties with certain deficiencies do don’t waste your time talking to all of them upfront.
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13 May 2021 | 3 replies
After discovering Bigger Pockets I became fixed on the idea of buying a house that would minimize our living expenses!
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20 May 2021 | 4 replies
After discovering Bigger Pockets I became fixed on the idea of buying a house that would minimize our living expenses!
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17 May 2021 | 1 reply
Questions should be addressed through the project manager (Asansa).In conclusion, in business when you run into trouble brainstorm with more experienced business owners to cut your learning curve and not waste time.
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28 May 2021 | 5 replies
Another way to look at PMI (instead of a waste of money as most think of it) is it increases your interest rate.
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13 May 2021 | 2 replies
Instead of paying a LS, I can break up payments over 6 months. to help minimize the risk of liquidity, if that makes sense.
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13 May 2021 | 12 replies
I always recommend house hacking especially for newer investors since you can purchase a cash-flowing asset with minimal cash out of pocket while also taking on some improvements to the property to gain experience with adding value, if it works for your budget/needs.
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19 May 2021 | 95 replies
It's a waste of time.
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14 May 2021 | 6 replies
This will optimize your cash-flow and minimize your taxes.