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6 September 2024 | 4 replies
@Stepan Fedetskiy section 8 can be good option if you have a good PM who maintains the property in good shape all the time as per the needed standards. best part is govt pays a portion of the rents so you dont have to chase tenants, downside the upkeep of the unit will eat up appx 20%. so its little tricky..sounds good on paper but when you go through one you will get an idea. i had 4-5 section 8's , 3 of them had no issues, but 1 of them had lot of issues and ate up all the profits.
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6 September 2024 | 5 replies
Section 8 can be a very smart play, but it's not great for first-time investors who are not planning (and have the resources) to continue the play to understand and perfect the obligations and to ensure the best renters.
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5 September 2024 | 9 replies
In the interim, the Investor B BRRRR strategist spent 3X as much time managing the acquisition, construction and management of their assets comparted to the Investor A strategist.
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1 September 2024 | 6 replies
I looked in the forum and there were some old posts about contractor referrals but most of them were 5+ years old and I wasn't able to find half of the names mentioned by googling.
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5 September 2024 | 11 replies
From years of borrowing I can also say these are the lenders who will take the time to understand obstacles that may arise on any given project and formulate solutions that keep your projects moving.
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5 September 2024 | 3 replies
This interested me because of my lack of investing experience at the time as well as low on cash at the time to buy much.
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6 September 2024 | 11 replies
Yes, this can be done and people do it all the time, especially now.
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5 September 2024 | 2 replies
There were 3 rate cuts of 0.25% and mortgage rates actually moved HIGHER during that time.
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5 September 2024 | 17 replies
A fun fact about myself is that I do comedy improv in my free time!
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6 September 2024 | 6 replies
Deposites are legally REFUNDABLE.What happens if your tenant changes their mind the day before MoveIn and leaves you with no time to find a new one?