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21 October 2024 | 13 replies
We’re thinking it could be seasonality, especially since our place is ideal for families and perhaps most families have done their moving for the year before school starts.
21 October 2024 | 1 reply
You must also calculate the property’s potential to generate income.Let’s look briefly at several methods professional property investors use to look for good opportunities.The 1% rule in real estate investingThe 1% rule in real estate says that a rental property’s monthly rental income should ideally be at least 1% of its total purchase price.
20 October 2024 | 3 replies
Ideally I move into my own home with a minimum down and use the rest of the cash out to flip or brrr again.
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20 October 2024 | 1 reply
It is also the retraction from primary footageThere are many reasons that ADUs are not typically an ideal RE investment, but this is typically when adding a single ADU.
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22 October 2024 | 14 replies
If you can make the best out of it and still get some money that would be ideal.
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20 October 2024 | 8 replies
That is the ideal scenario for this investment.On a side note, you cannot have a tenant foot the utility cost of other units, that is illegal.
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20 October 2024 | 9 replies
Hi Eric, I always post that everyone needs to be a member of at least 1 ideally a few local REIA groups.
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19 October 2024 | 3 replies
Any list you can pull for a few bucks has already been hammered by hordes of investors before you.Not saying this way can't work, but I recommend a different path...I prefer to focus on sellers who have a reason to sell but who require some effort and skill to identify.My favorites are #TiredLandlords, namely owners who have filed an eviction lawsuit against their non-paying tenants.Many of these folks are through being in the rental business and are open to hearing about a way out.Even better, #TiredLandlords are ideal candidates for seller financing, since they don't need the sale proceeds to buy another house, PLUS they are already conditioned to receiving monthly payments over a period of time.
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18 October 2024 | 4 replies
The next step I see is to buy a (ideally) quadruplex to househack.Please excuse my rookie questions.
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24 October 2024 | 27 replies
Ideally, if REI allows us to live the life we hope to have, we will have a lot more flexibility to volunteer our time as well as having more monetary resources with which to help others.