
9 April 2024 | 19 replies
@Tracy Scott it's highly dependent on the deal, the type of property and the location.In addition to the items others have mentioned, here are some of the biggest potential start-up expenses that I study closely before buying a property:Foundation/structure--this is one of my few "deal breakers", I typically will not purchase a property with significant foundation or structural issues.
9 April 2024 | 67 replies
Potentially save on monthly cost of living while building equity in a fast growing market.

9 April 2024 | 12 replies
These small touches create a positive first impression for potential tenants.

8 April 2024 | 12 replies
How can I find a list of homes that are not currently for sale but that may have an ADU, so that I can start to reach out to these owners about any potential interest in selling?

8 April 2024 | 9 replies
The potential tenants that came for showings did not seem remotely put off by the rental price.

9 April 2024 | 12 replies
I am looking to speak with a tax professional regarding potential tax implications of selling our former primary residence that is currently being used as a long term rental.

9 April 2024 | 5 replies
It happens.Recommend doing a thorough review of the area for actual tenant potential. - Build a profile of available tenant pool to be sure you understand their expected performance. - You don't want to rehab your property to Class A standards, but only have Class B & C tenants to choose from:(- How many rentals are in the area, where do the tenants come from?
9 April 2024 | 7 replies
I don't make much money from a tax return stand point but I don't think it'd affect my DTI since I'd be using potential income and I don't have debt.

8 April 2024 | 9 replies
The 70% rule is indeed a common guideline used to evaluate BRRRR deals, ensuring that you can potentially pull most of your money out on refinance.When lenders offer DSCR (Debt Service Coverage Ratio) loans at 75% LTV (Loan-to-Value), it can change your analysis slightly.

8 April 2024 | 2 replies
So, if you don't, the buyer could potentially seek financial compensation for any damages or losses they incur as a result of the nondisclosure.