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14 May 2024 | 15 replies
Even if California will not relent on adjusting emission control standards, and the more than 1,000 supplemental workers at the Stellantis Toledo Jeep plant who are expected to rise to full-time permanent status are laid off, on balance, local incomes are rising.For the vast majority of individuals, a home is the largest single investment of a lifetime.
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14 May 2024 | 12 replies
Im new to the RE game too. is your mortgage over 25% of your take home pay not counting the rental income?
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15 May 2024 | 7 replies
They usually pull your credit but lend based on the income potential of the property.
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14 May 2024 | 1 reply
Any info would be great I have been told that the max household income with new rentals is 105k however I see online that it is 193k.
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14 May 2024 | 9 replies
Also, focus on 2 years of job/income stability.Class D Properties:Cashflow vs Appreciation: Typically, all cashflow with zero or negative relative rent & value appreciationVacancy Est: 20%+ should be used to cover nonpayment, evictions & damages.Tenant Pool: majority will have FICO scores under 560, little to no good tradelines, lots of collections & chargeoffs, recent evictions.
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14 May 2024 | 6 replies
Through Houfy, you'll connect your Square account and you can run holds, etc. through your payment system.
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14 May 2024 | 2 replies
Maximizing Cash Flow: Share the creative ways you've been able to increase income from your house hacked property.Long-term Benefits: Beyond the immediate financial perks, what long-term gains are you seeing with house hacking?
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14 May 2024 | 3 replies
Working with a coach, I have been agreed with a accountability program with a life coach business coach I know from real estate years ago.
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14 May 2024 | 8 replies
buy in a short term rental approved condo building in the urban core, pretty low risk. properties are appreciating at record levels, keep the price under 500k. buy a studio or 1 bed. we are doing this style development and it accounts for over 60% of condo development in miami dade.
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14 May 2024 | 1 reply
I've just posted my first property (my former primary residence) on Facebook marketplace (thanks, Zillow, for being a jerk and locking my account for no reason).