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13 October 2018 | 3 replies
It wouldn't take much for this entire situation to go bad and end up costing you a lot.If the two units rent for $2,000 a month then a property manager will cost around $2,400 a year.
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1 December 2018 | 10 replies
I've joined the local REIA, created an LLC, and am thirsty to learn all I can about the aspects of real estate, deal structuring, and how to analyze and take advantage of situations and opportunities as they present themselves.I'm focusing on generating passive income for our family, and pursuing a level of financial freedoms.
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4 October 2022 | 11 replies
See if there's a way for you to do business in the park that can be a win/win situation for both you and the manager.
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18 October 2018 | 4 replies
I don’t think the other facts will change your tax situation much.
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15 October 2018 | 5 replies
@Elise Bickel we ran into the same situation and found out that it does not apply just yet.
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3 December 2018 | 27 replies
I don't consider the leasing fee a profit center given the value of my time, prepping the property, showings, lease, move-in and then the first month or two is generally higher service volume with a new tenant.I believe in most situations we are far better off keeping the tenant happy enough to want to stay put and avoid the turnover.
23 October 2018 | 7 replies
If this is not a Live-In situation, you'll probably need 25% Down Payment as opposed to 10% as you show in your numbers.
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25 November 2018 | 5 replies
I am working in Panama City in construction and was wondering how you all have been doing coping with this situation?
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13 October 2018 | 0 replies
I plan on doing an FHA streamline refinance but I suspect that I may move in the upcoming months would you go ahead and do the refinance and then explain to my lender the situation regarding my changing of jobs or should I forgo getting the refinance and just trying to rent out the property with my current loan?
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13 March 2020 | 7 replies
This WILL cost you money, but handled correctly it won't hurt you badly.First of all, read up on your local laws and make sure you know your rights in this situation.