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15 January 2025 | 2 replies
I know hosts have included additional cleaning fees for violations as a deterrent.If none of these solutions work, you could look into completely independent HVAC systems for the two units, though that would be a bigger upfront investment.
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14 January 2025 | 9 replies
That would be a helpful addition to your plan as you would further reduce your cost of living.Also don’t forget from that $600 you are planning on getting in cash flow you have taxes, insurance, maintenance, capex, and vacancy to consider.With two homes, you may want to keep that extra $20k as an emergency fund rather than spending it on a third property and then be left with no emergency funds.
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27 January 2025 | 29 replies
This was not what I was interested in doing and when I voiced that I was interested in 5-20 unit deals and had the funding for that in place I just got additional push back for buying the larger buildings.
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14 January 2025 | 11 replies
So you have some great resources right off the bat, my additional Referrals would be too many :)
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22 January 2025 | 203 replies
They attract artists, creatives, and people who appreciate a vibrant urban lifestyle.Real Estate Appreciation (Historically): @Dan H. points this out with his bathroom addition.
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17 January 2025 | 9 replies
Additionally, it's a good idea to connect with a Property Manager early on.
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22 January 2025 | 14 replies
You may not be able to break the contract this year but would recommend getting additional estimates going forward if you feel it is expensive.
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13 January 2025 | 16 replies
An umbrella policy for additional liability.
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14 January 2025 | 4 replies
All this in addition to 6 other lease violations...
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19 January 2025 | 8 replies
Additionally, add in the ambiguity/risk of the due on sale clause or ramifications on the conventional loan of transferring the property from your individual name to an LLC - the economics don't make sense, and the headache isn't worth it even if it did, in my opinion!