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26 June 2024 | 1 reply
Hi All,Our tenant's lease requires a 60 days notice, she only gave 30 days notice, and we immediately started advertising the property and were able to secure a tenant fairly quickly where her lease ends on June 30, 2024, and she has already moved out as of June 22, 2024 after paying the rent for the month of June, and the new tenant will move in on July 1st, 2024.
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26 June 2024 | 5 replies
The scammer either:Claims they work for us and our systems are down forcing them to use their cell phone or claims they are the property owner and have terminated us because we couldn't find a tenant for them.They ask for either half a month or a full month of rent upfront, via Venmo, to schedule a MoveIn, but don't really ask for any documentation.These prospects aren't even in our software systems yet and all the correspondence is via text.
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26 June 2024 | 16 replies
You can't just buy a condo in any neighborhood and start renting it out weekly.
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26 June 2024 | 6 replies
. $2,000 is just a random number, the exact number depends on your overall tax situation.Building an ADU if you plan to rent it is business interest, not personal interest.
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26 June 2024 | 5 replies
Rents in the area are anywhere from $1k-$1300 a month.My plan was to get a hard money loan to get it going and fixed up and ready for tenants, then within about 6-7 months refinance the home with a traditional lender, then sit with that home for awhile until I get fully comfortable with the one house.
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25 June 2024 | 31 replies
(Max vacated rents - your monthly mortgage payment) = +/- net cashflow.
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26 June 2024 | 4 replies
Hello BP 😎 ai am new here but i listen to real estate rookie for awhile. i bought single family house in 2019 and now i want to buy a four family house i have home equity should i use it at a down payment or not around here in boston the 4 family house is between 900,000-1.2M so i need to do house hack put down payments as low as 3.5% and rent my single family and show the Leander as an income to and i only have 30k saved up and the leander want to see 3 month reserve should i take HELOC and show them that i have reserve or is there any other options?
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26 June 2024 | 9 replies
I'm thinking maybe the best route would be to work and save for 2 years, then buy a duplex (maybe with FHA loan) and rent one side out.
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22 June 2024 | 2 replies
I am looking to purchase my first property but I am wondering if it would be ideal to rent to a section 8 tenant on disibility.
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26 June 2024 | 10 replies
My plan is to live in the duplex for the first year as required by my loan and then rent out.