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12 February 2024 | 7 replies
My goal now is to get a multifamily property no more than $250,000 and put 20%-30% down, get a property manager, and put an extra $4-$5k per month into the principal to pay off the mortgage in less than 3 years, but I don’t know what state to invest in, I know Ohio is being looked at but I wouldn’t have to time to see multiple properties in person and I’m not sure how to verify the operating expenses of different properties, required repairs, etc.
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14 February 2024 | 19 replies
Usually if the deals are truly good, you'll have plenty of private money looking for a home.
12 February 2024 | 14 replies
I recommend you do this off platform because FF is clunky and slow and there are no penalties for doing so, unlike Airbnb- if it's a good fit for both of you, you proceed with whatever your process is (usually this will be an application, background check, lease, deposit)I say all this just to show that yes, it's cheap to list it there and in my experience it is VERY effective, but it requires legwork and follow up on your part.
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13 February 2024 | 17 replies
This theft had to take a while and might have been done by someone who had training in the Electrical Trade.No Hop-head Dope Fiend is going to know to cut the PVC raceways and how to cut (multi-Family) power to avoid being an Extra Crispy Criminal.And just knowing what to take, and being prepared to remove it--correct tools, correct cutters, seems like specialized knowledge.This to me does not seem like theft of copper wire, but theft of specific components that will be used in the Trade on new construction.And the renters did not notice their power was cut, and come out and have a look, and Management and Maintenance did not see this happening?
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15 February 2024 | 42 replies
I would usually use the oil based Kilz because I used to use shelac or varnish before Kilz came about.
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13 February 2024 | 11 replies
But, if they're not recorded yet, they're usually recent, and fairly small.
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13 February 2024 | 9 replies
When underwriting I usually use 5% of gross rent for cap-ex, vacancies and maintenance as place-holders/quick rule of thumb absent better data.
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13 February 2024 | 10 replies
Reducing your rental rate to place a tenant faster will usually pencil out better in the long run as opposed to more vacancy at a higher rate.I am being pretty conservative with my rental estimates when helping clients look for potential properties to buy.
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13 February 2024 | 4 replies
They usually want comps and maybe pictures of the property to determine its condition.
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13 February 2024 | 15 replies
Hey Jessica, I have STRs in NJ and have realized that if the house does not look like the listing photos, it usually leads to a poor guest experience which could lead to bad reviews.