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21 February 2024 | 6 replies
If I were to buy my second property in the future, I would ideally like for it to be a duplex, triplex, quadruplex so that I can move into one of the units, rent out the others, and also rent out my first property fully.After doing more thinking and math, my other strategy is that I could go invest that $1000 into the market (which makes me a higher return than 4.875%) as well as rent out the two extra rooms that are currently not to aid in paying off my mortgage.I am wondering what y'alls thoughts are on these two strategies?
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22 February 2024 | 21 replies
It definitely is usually the zero to heroes that tend to voice up.
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22 February 2024 | 13 replies
@Brandon G. there are a few exceptions where you can have more than one FHA loan, but usually people don't qualify.
23 February 2024 | 8 replies
If you’re concerned about a long-term problem and already filed a claim, best to have it checked now as your insurance company usually won’t cover damage that’s left to sit and become a major issue.
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22 February 2024 | 0 replies
However Outlast is a much superior product compared to good old laminate we usually tear out, which swells around the edges when mopped wet and also looks shiny.
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22 February 2024 | 7 replies
Networking with new vendors or leads is done usually via phone calls, meeting for coffee or doing a zoom.
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22 February 2024 | 14 replies
Quote from @Deano Vulcano: Hi John, Here are the numbers: Purchase Price $101k/ ARV $205k/ Down payment $21k/ No rehab/ 785 credit score/ 30 yr amortization Hey Deano,You can either Quit Claim Deed it over to your LLC, or you can refinance at the new value, assuming you have owned it long enough for seasoning to take place (usually 6 months, some lenders will do 3 or less) and get some cash out as well.Is it tenant occupied already as well?
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23 February 2024 | 14 replies
The pay is generally pretty good and the benefits are usually great.
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20 February 2024 | 15 replies
Another factor could be whether you're renting to college students which usually requires extra "hand holding" by the PM.
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21 February 2024 | 2 replies
Also, remember you would need to justify why you are moving, is it bigger, more bedrooms, better location, extra.