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9 June 2024 | 13 replies
In addition, most of these are only good for a $500k raise or less (they are unproven).
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8 June 2024 | 17 replies
You still need to do inspections etc. and you are just paying an additional fee.
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9 June 2024 | 6 replies
If you can only be 50% you'll have to secure your additional 1/4 some other way (and there are lots of ways).The only problem I see with your plan is the condo conversion.
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8 June 2024 | 11 replies
and, i don't plan to put a penny additional toward them.
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9 June 2024 | 10 replies
@Christina Colon be aware that if you do start forming entities you may have additional tax filings.
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9 June 2024 | 2 replies
The new tenant income will further strengthen my financial position.While selling the properties is not my preferred exit strategy, the quiet title process should be completed by July 2026, allowing for a potential sale if refinancing is not feasible.
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8 June 2024 | 22 replies
Now 10 years later there are luxury apartment & condo buildings, new construction homes, completely renovated homes etc in place of the old run down low income housing.
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10 June 2024 | 6 replies
Make sure property is “self supporting” meaning sufficient income to produce some cash flow after operating expenses and debt is paid.If one does that, they are set up for a profitable long term hold.If one invests in a prudent manner and is never in a position where they have to sell, they ultimately win.The top or bottom of a market is never known until 6 to 12 months after the fact.I’m a long term investor - my capital is patient.Here’s a question to ponder:If you could buy a property today for $1M, knowing it’s value would drop to $950,000 over the next year but would be worth $1.5M in 5 years, would you buy it today or hope to perfectly time the market and get at $950,000?
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9 June 2024 | 2 replies
With multiple properties you limit the loss of rental income from a single tenant.
8 June 2024 | 4 replies
In addition a home bought for your use is seldom the best invest RE purchase.