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19 December 2024 | 82 replies
Go with a smaller rental and you should be able to find something in that 300k to 350k price range.
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15 December 2024 | 5 replies
Structuring your lease in this way would benefit you by 1) locking in a longer term contract to avoid turnover costs and vacancy loss; 2) it moves your lease end date out of the winter season and into spring/summer of 2026 so it can be more easily marketed and re-rented to match the seasonal demand cycle; and 3) it avoids any upset/angry tenants who may have been incorrectly assuming their rent was going to stay in the $1,200 range after their first 6-month lease term.Would love to hear any updates you have on how this one shakes out for you though!
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16 December 2024 | 11 replies
I don't do large rent increases (like $200) because I don't want a unit turn but my rent is in the market range.
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22 December 2024 | 24 replies
@Gregory Schwartz rates are above 7% now, so not a stretch to see them staying in a 6.5% to 7% range next year.
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16 December 2024 | 8 replies
I respect him and what he did for BP, but that sounds like bad advice.
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15 December 2024 | 17 replies
If so, what rent ranges are what class?
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14 December 2024 | 15 replies
go to Home Depot, talk to some general contractors, join your local Facebook and meetup groups and start getting good ranges for every major item.
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10 December 2024 | 10 replies
With all my respect, most real estate agents have no clue what the laws are.
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18 December 2024 | 15 replies
My property tax rate is 2.70% I have a great tenant so I haven't done large increases (like $150 or $200) since I don't want a unit turn but I'm in the market rate range.
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10 December 2024 | 12 replies
Quote from @Jinglei Shen: I am building my investment portfolio(duplex) in Ohio Cleveland, a few properties i have analyzed with net cashflow around $100 to $290 here is one deal I am analyzingDuplex generates $1590 income /month together,purchase price $123,000rate 7.5%, downpayment 25%5% vacancy, 10% mgm fee, $1400/year insurance,10% capex, 5% maintenance,COC is 8.73%monthly net cash $277this deal meets1% rule, bring in positive cash, my question is it in normal range in Ohio Cleveland market?