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12 July 2024 | 9 replies
Hi Brad, I'm from the Hospitable.com team (a top-rated short-term rental property management software) and we had a great webinar on taxes a couple of months ago - I recommend checking it out here.
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11 July 2024 | 2 replies
We're looking to add a minimum of 6 properties in the next 12 months that we can add value to.
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11 July 2024 | 10 replies
Bigger Pockets calculator asks the following:Purchase Price: 153,000closing costs 7650 (5%)20% down 30600Interest rate 6.5% 30 year loanRent $1330Property Taxes 451/yrInsurance 850/yrCapEx 5% ($66/month)Repairs 5% ($66/month)Vacancy 3% ($39/month)Management 8% ($106/month)Leave utilities blank assuming the tenant puts them in their name, BP calculator gives me 5.33% CoC ROI, which is better than what I originally did.
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11 July 2024 | 15 replies
3-6 months after my first house hack I plan to look at other properties to invest into, preferably out of state or near colleges in OH.I’ve always been intrigued with real estate and how someone can gain so much financial freedom and time with owning properties.
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11 July 2024 | 4 replies
Our rental is paid for and has rental income of $2200 month and our primary has a mortgage of $1800 so we are currently living for free basically.we have a credit line on our rental for $275k and recently got a letter from our mortgage company offering a cash out refi on our primary of approx $300k and still be able to keep our current interest rate on the remaining balance of the mortgage which is mid 3 %.We are trying to grow our rentals and struggling to figure out the best way to do that.
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11 July 2024 | 15 replies
I certainly won't vote for those politicians, just being a bit cautious as my brother ran into a similar issue and it took his property manager 5 months to get the non paying tenant out.
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12 July 2024 | 17 replies
Austin has been a high growth city and likely is six to 12 months ahead in the business cycle as many smaller cities.Of those Three, San Antonio provides you the same legal backdrop (Tx) and also geographical access (same day drive) and accelerating immigrant population growth (GDP growth requires much more immigration both red/blue agree on this in private)
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11 July 2024 | 6 replies
The sub meter costs and monthly reporting fees can be charged to the JADU.
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11 July 2024 | 22 replies
I want to accelerate the payoff by either paying $500 extra on each or $1000 extra per month on 1 only and keeping the regular payment for the other.
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12 July 2024 | 13 replies
I will graduate in about 10 months and want to take any extra time I have from school to learn more about RE.