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3 July 2024 | 9 replies
What is the proper way to account for such expenses?
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7 July 2024 | 5 replies
So, my monthly expensive for the property itself (not including utilities, PG&E), is $1,113.92 per month.
5 July 2024 | 5 replies
I would check with your lender to see what their requirements are, but yes, they will probably want to see builder's receipts and all material receipts.
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5 July 2024 | 4 replies
Turnover is expensive so make good choices!
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5 July 2024 | 5 replies
Rarely would this make sense.It's just too expensive and the ROI is not there in most cases.
5 July 2024 | 3 replies
Consider factors like neighborhood, school districts, and proximity to amenities.Financing and Mortgage Considerations:Investment Property Mortgage: Understand that an investment property mortgage may have higher interest rates and require a larger down payment compared to a primary residence mortgage.Future Refinance: Consider the possibility of refinancing the property when you decide to move in, potentially lowering your interest rate and monthly payments.Loan Types: Look into loan types that might offer favorable terms for investment properties, such as conventional loans or FHA loans if the property meets the criteria.Rental Management:Long-Term vs.
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7 July 2024 | 2 replies
You have a very detailed breakdown of initial move-in expenses (but you didn't fill out what was received), but then you don't include a detailed breakdown of recurring charges.Your late fee language is completely wrong.
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8 July 2024 | 16 replies
If I'm going to invest the amount of money required I want to personally be able to keep an eye on the property, and interact directly with those assisting me.
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8 July 2024 | 20 replies
Well from my experience the strategies that grow net worth the fastest require the most time.