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8 December 2024 | 1 reply
Are there any good resources online to be able to get an idea of average monthly/yearly expenses like utilities, etc. for a given zip or city?
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7 December 2024 | 5 replies
The forelcosure auctions in my home State of Florida are all online.
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10 December 2024 | 6 replies
The only way to answer that in general (whether house hacking in today's market is still a good option) or for a particular property, is to learn how to run the numbers and analyze a specific property to see whether it will be able to stand on its own as an investment when you move out someday.There are a lot of resources here on BP for doing that but I'd just say, make sure the assumptions you're putting into your spreadsheet or deal analyzer are realistic.Make sure the rents (especially for vacant units or pro-forma #s) are realistic by doing your own rent comps; make sure the mortgage rate is realistic by doing some research online and/or talking to some mortgage folks; make sure insurance #s are realistic by getting a couple of quotes for the # of units and zip code / area you're looking in; etc.I hope that helps, and good luck 😊
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7 December 2024 | 1 reply
We use DealCheck to underwrite deals and QuickBooks Online for everything else post-closing on the purchase.Quickbooks Setup:-Â Classes allow for separate P&Ls for each property. - Products & Services enable us to track each 'phase' of the rehab. - Projects give us visibility on my projects- My CPA can easily access the reports for tax preparation.
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7 December 2024 | 11 replies
Asheville has just recently started to feel like it's beginning to come back online, but a long ways to go for a full recovery.
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17 December 2024 | 42 replies
So in this situation, where you have a relation with the borrower/home owner it is likely safe to assume if you get too greedy and ask for a heavy discount there will be no deal.
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6 December 2024 | 8 replies
As for properly collateralized performing notes in Vegas I think those are quite safe.
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4 December 2024 | 4 replies
https://louisvilleky.gov/government/housing/lead-safe-louisv...
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7 December 2024 | 1 reply
Review their online financials/annual statements.
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7 December 2024 | 2 replies
I just looked online and saw that in Seattle for months to month lease the landlord is only required to give 20 day notice.