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28 January 2025 | 14 replies
I’m an agent and house hacker in the north shore.
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3 February 2025 | 14 replies
If he's going by on Tuesday with a dumpster, I'd meet him at the house and as soon as he's done, change the locks.
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4 February 2025 | 5 replies
If the house is older than 15 years old and an ADU is added, it can become rent controlled.
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10 February 2025 | 4 replies
I have some in-house laborers for any large projects but sometimes value add can even be raising rents to market or finding an off market gem.
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7 February 2025 | 5 replies
However, they approach financial health from different angles.The 50% Rule is a quick estimate that suggests operating expenses (excluding mortgage principal and interest) will roughly equal 50% of the property's gross income.The DSCR is a more precise calculation (Net Operating Income / Total Debt Service) that determines if a property generates enough income to cover its debt obligations.Deal example:- Class C middle class neighborhood- 4bd / 2ba single family house- ARV: 190k- Purchase: 105k- Rehab: 35k- Market rent: $1,400-1,525- Section 8: $1,475- Property manager: 10%- Taxes: 125 month- Insurance $1250 yr- HOA: $55 month- purchased and rehabbed with all cash.
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5 February 2025 | 13 replies
on a 100 year old house that rents for $1000 a month that's about to need a new everything - that is spectacularly deficient.
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30 December 2024 | 1 reply
Because you are forcing equity into the house you are sometimes able to pull back out the entire purchase and rehab process to return to your investor then you own the home with just the mortgage.
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29 January 2025 | 11 replies
When you say as long as its not directly in flight path, meaning - when plane flies over the house?
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6 February 2025 | 9 replies
I recently found a house in Dallas (listed on Zillow for 120 days) that is 100% owned by the seller, and they're open to seller financing.
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7 February 2025 | 49 replies
Because I had already purchased the house building courses I got a nice discount on thw course I wanted.