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26 June 2024 | 15 replies
I will send a dm.Thank you,Keyano Hello,thank you for this post, can you please share the contact with me a well.
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27 June 2024 | 26 replies
Originally posted by @Linda Weiner:The duplex I own and have been renting is not the same size on each side.
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30 June 2024 | 54 replies
The true wealthy post-pandemic don't worry about this.
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27 June 2024 | 5 replies
Meetup.com is a good resource for those but some of the groups will also post here on Bigger Pockets Marketplace too.
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27 June 2024 | 2 replies
And "better or worse" might be a little relative...so it's best to find out the information about going either way from your program administrators so you can compare the two options.Hope that makes sense.
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1 July 2024 | 27 replies
You're not missing anything, it's a numbers game, you may have to look at 10 deals to find one that makes senseGood luck Excellent post!
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26 June 2024 | 2 replies
For example, if the previous last month's rent was $1,000 and the new rent is $1,100, you would request an additional $100 to cover the increase.Update the Agreement: Ensure that the lease renewal includes a clause that reflects the new last month's rent amount.Refund and Repay:Refund the Previous Deposit: You can return the last month's rent from the previous lease to the tenant.Collect New Last Month's Rent: Then, collect the new last month's rent at the increased rate as part of the lease renewal process.Steps to Take:Review Your Lease Agreement: Check the current lease agreement to see if there are any specific clauses regarding the adjustment of last month's rent upon renewal.Communicate with Your Tenant: Inform your tenant about the rent increase and how it affects the last month's rent.
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27 June 2024 | 3 replies
Hiring a Manager: Decide whether you'll manage the property yourself or hire a property management company.Tenant Screening: Develop a tenant screening process to find reliable renters who meet your criteria.Legal and Tax Considerations:Legal Structure: Consider forming an LLC or another legal entity to protect your personal assets.Tax Implications: Understand tax deductions available for rental properties, including mortgage interest, property taxes, and depreciation.Networking and Education:Real Estate Forums: Participate in forums like this one to learn from experienced investors and ask questions.Local Real Estate Groups: Join local investor meetups or associations to network with professionals in your area.Continued Learning: Attend seminars, webinars, or workshops to stay informed about real estate investing strategies and market updates.Starting with a rental property while keeping your condo as an investment is a great way to begin building wealth through real estate.
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26 June 2024 | 38 replies
Park City isn't as safe in my opinion as there are quite a few hotels under construction and a decent amount of nightly rentals.Happy to hop on a call and give you some more information about the market.
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28 June 2024 | 7 replies
Good luck on your first flip. getting my ducks in a row but once i accomplish the first flip i will make sure to post.