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8 October 2024 | 8 replies
In August 2020, I took on what seemed like a great deal—a three-family property in Manchester.
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7 October 2024 | 9 replies
If you’re considering financing renovations, look into renovation loans that cover both the purchase and improvement costs.It sounds like you're making progress in navigating this situation thoughtfully.
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8 October 2024 | 4 replies
The low price tag is so tempting, but they just don't appreciate like SFHs, HOA and assessments are frustrating, and loan options are limited depending on the building's owner occupant vs renter population.
6 October 2024 | 1 reply
It's been pretty tough to find anything that cash flows lately, so we're going to move ahead despite this after being told it's not an uncommon situation in this particular submarket.We'd like to try and up zone so that it's no longer non-conforming.
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7 October 2024 | 3 replies
The contract expired which is why they were striking. the storm happened to hit at the same time, no difference than any other union like sports leagues etc., they strike when the contract expires.
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7 October 2024 | 7 replies
Once all three units are operational, you’ll have three income streams to support your expenses.Evaluating if it’s a Good Deal:Cash-on-Cash Return: After figuring out your total investment (down payment + repair costs + holding costs), calculate your net annual cash flow (rental income minus expenses like mortgage, repairs, insurance, etc.).
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7 October 2024 | 2 replies
You'll likely find many in this community willing to share their knowledge, especially with a mutual benefit like that.Start by reaching out to local real estate investment groups or networking events in DFW, as well as connecting with folks here on BiggerPockets who have experience in your target market.
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8 October 2024 | 9 replies
Ideally, I'd like to avoid paying PMI which applies to my current conventional mortgage.
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8 October 2024 | 17 replies
"Used this company (resrents) as an owner, at first they treat you like royalty until you truly sign up with them to rent your property.