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11 December 2024 | 101 replies
Beware that they advertise interest rates in the 2 - 4% range while the real rate is more in the 10 - 20% range.e.
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20 November 2024 | 9 replies
However, I find myself at a crossroads, as I am unsure about which city or market to focus on due to the vast array of options available.The potential for investment seems endless, its like never ending. and I would greatly appreciate your insights into the most promising markets or cities to consider.
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22 November 2024 | 2 replies
If you get a little further out from LSU, you can probably buy in the mid $200k range and cut $200-$300/month out of that.
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24 November 2024 | 19 replies
This can lead to more opportunities and partnerships.Market Understanding: As a property manager, you'll gain a deeper understanding of the local market, which can be invaluable when you start acquiring your own properties.Steady Income Stream: Property management can provide a consistent income, which can be particularly beneficial in the early stages of your real estate venture.Skill Development: You'll develop a range of skills from customer service to maintenance oversight, which are crucial for successful property ownership.Brand Recognition: Establishing a presence as a reliable property management company can boost your reputation, making it easier to attract tenants and investors when you start acquiring properties.Cons:Time Commitment: Property management can be time-consuming, especially if you're dealing with multiple properties or demanding clients.Regulatory Compliance: Staying compliant with local laws and regulations requires diligence and can be complex.Conflict Resolution: Dealing with tenant issues and conflicts is an inevitable part of property management and can sometimes be challenging.Financial Risk: There are financial risks involved, including late payments or damage to properties.Market Fluctuations: The property market can be unpredictable, affecting both rental income and property values.Overall, starting with a property management company can be a smart way to enter the real estate space, especially in an area with a clear need for such services.
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21 November 2024 | 8 replies
They would not be able to add to the portfolio as they go, though.With lower leverage in the 50% LTV range, they could expect to be in the 6.45% range on a 30-year fixed today.
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21 November 2024 | 4 replies
no way to really answer this until we know what state or counties you want to do these developments in.Each state and County can be vastly different and as such change the metrics of that whole laundry list of questions you asked.
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25 November 2024 | 18 replies
The cost to remedy a bad sewer line is very high, generally in the $10k and higher range.
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23 November 2024 | 10 replies
Is there a neighborhood you recommend in that price range 200k for a long term rental ?
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22 November 2024 | 7 replies
Condos/townhomes range from brand new to 6 years old.
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22 November 2024 | 10 replies
I usually adjust temperature right before a check in to make it comfortable for guest.Love the Honeywell 9000 color touchscreen thermostats.They also allow me to locking a temperature range so the guests can't set temperature to 60 in the summer.