Kyle Kline
Personal Funds vs. HELOC to Fund a Property
14 June 2024 | 14 replies
We've replaced 5 water heaters in a single year, had plumbing stoppages that resulted in 3-5k worth of work, and even had to replace 1/3 of the pier and beam foundation in the house we're currently living in.
Joe Smith
Financing Land/New Build During/Just After Flip
13 June 2024 | 9 replies
I am buying a 20 Just east of Butte currently and access is the primary thing I look at.
Zach Knoll
Communication With Investors
13 June 2024 | 2 replies
Communication/transparency with both current and potential investors is paramount to gaining the trust of LP's.
Rakesh Battula
Potential Investment - Medical Office Building on LoopNet
13 June 2024 | 2 replies
It's a medical office building located in Prosper, TX and here's a breakdown of the key details:Property Details:Sale Type: Investment or Owner UserProperty Type: OfficeProperty Subtype: MedicalBuilding Size: 9,657 SFBuilding Class: BYear Built: 2023Percent Leased: 100% (Currently Fully Occupied)Tenancy: Multiple TenantsBuilding Height: 1 StoryLand Acres: 1.00 ACZoning: CommercialFinancials:Purchase Price: $676,000 + $81,000 Tenant Improvement (TI)Down Payment: 20%Commission: $22,000 (agent commission)Monthly Rent: $5,400 + NNN (exact expenses not specified)Vacancy (First 6 Months): Estimated expense of $27,600 (assuming rent starts after 6 months)Mortgage Payment Options:25 year term - $4,000/month15 year term - $4,600/monthLooking for Your Expertise:Does this fully leased medical office building present a good potential investment opportunity?
Mason Carter
Best property management software???
14 June 2024 | 4 replies
You should only have to change when your current software has a flaw or lacking feature that is causing you to spend too much work on a work-around.
Rodney Swindle
Converting a mobile home to SFH
13 June 2024 | 3 replies
i know this is kind of an old thread, but just wanted to add a few things here: 1. yes you will have to go through permitting process. you will also register this as a SFH with the county.2. you will need to contact DMV to deregister this as a mobile home. 3. you will have to make sure you remove the Axel and the wheels under the home and make preparations to fix the property to the foundation you already have. currently dealing with similar situation in GA, hence researched a bit to find out the process.
Greg Snell
Property Management Evansville
13 June 2024 | 5 replies
What you're experiencing isn't normal, so I would suggest getting things set straight with your current management company quickly or changing gears and hiring a new PM.
Drew Sygit
Midwest is Outperforming Previous Hotspots
10 June 2024 | 28 replies
Not surprised by this trend and I expect it to continue.I'm picking up a new duplex in Detroit next month.
Justin Sullivan
REI meetups and events
13 June 2024 | 3 replies
Currently, I have one LTR and aim to scale my portfolio while maintaining my day job.
Nina V.
Insurance rates on long term rentals
13 June 2024 | 3 replies
I found my city, found what I thought was a good deal only to find out insurance rates were 2X more than in my current hometown for a long term rental.