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9 November 2024 | 6 replies
Some of our properties that were cash flow negative initially now have the best cash flow thanks to rents going up in these great locations, and very little turnover, vacancy loss or tenant damage, etc.
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9 November 2024 | 10 replies
Also my advice would be to not think it's a loss if you don't pull out 100% of your funds on the refi.
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8 November 2024 | 5 replies
They are subject to liability if someone sues, and their license is subject to discipline or loss of license if you violate rules/laws and get caught.
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5 November 2024 | 39 replies
We're mourning the loss of friends and neighbors, some of which haven't been found yet, not to mention favorite places, small businesses, animals, you name it.
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12 November 2024 | 17 replies
Should we sell the property when we leave and cut our losses?
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8 November 2024 | 3 replies
@Bryn Chatterton screening applicants will be SUPER important.This is a copy-paste from our website, so ignore some of the specifics.Robust Tenant ScreeningA bad tenant can lead to thousands of dollars of losses via unpaid rents, legal fees and property damages.
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6 November 2024 | 5 replies
@Sarah Taylor From a tax perspective, you would lose the STR tax benefit if you expect paper losses from the property.
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4 November 2024 | 7 replies
Investors also appreciate lenders who understand the nuances of rental properties and provide fast, reliable service without unnecessary red tape.
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8 November 2024 | 14 replies
I’m continuing to put out plenty of offers on various properties and exploring different approaches to see what gains traction.For this one, I’m considering proposing a rent-to-own/deal finance contract with strict contingencies—something like requiring monthly photo proof of bank loan payment, with the understanding that failure to comply would result in a loss of equity of the seller.
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7 November 2024 | 21 replies
It is a little lower than I expected but I will be able to sell these off, however, it may be at a loss and is less than what I had mortgaged on these houses so I would probably need to come up with cash at closing, which is not ideal.