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26 September 2018 | 21 replies
Maybe you’ll want to rent from now until May on a longer term lease, then switch to Airbnb type short term rentals so you can enjoy the cabin personally too.I also look at craigslist roommate / sublet prices to see if I can make more money renting the house furnished, by the room, to working professionals on 6-12+ month leases.
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13 December 2018 | 11 replies
These guys take care of all my rentals, and I can not stress enough how professional, efficient, and trustworthy they are.
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14 September 2018 | 2 replies
The biggest lesson I learned was I can do this, I don't need to be terrified I just needed to make the commitment and get it done Doing this was the best teacher because I learned so much more than reading books and watching videos.
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17 September 2018 | 5 replies
I would do a thorough title search.As always, seek professional advice.
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21 November 2018 | 5 replies
I am new to the real estate investing side of things and have been dong my due diligence watching youtube videos, listening to podcasts, going to local meetups and now joining the bigger pockets community.
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18 September 2018 | 5 replies
Jose,Here is a list of "hidden costs" that may surprise you if you haven't been through this before:Closing costs when you purchase the propertyTitle Insurance Policies for you (and the lender if there is one)Miscellaneous closing fee's (survey, recording, etc)Loan origination feesHolding costs (during the time that you own the property)Builders risk and Liability insurance policy premiumsProperty taxesHOA feesUtility usage chargesBuilding permit costsDumpster / hauling chargesLoan interestClosing costs when you sell the propertyStaging (if applicable)Realtors feeClosing costs (depending on where the property is, this could be a huge cost) Professional fees for accounting, legal and taxesCapital gains tax on your profitI hope this helps you, and good luck!
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3 May 2020 | 1 reply
I came across John Cochran aka the "King of systems" and of systems Saturday videos..so he has a 90 day investment challenge where he provides info and coaching for 90 days and all deals are split 50/50 but he asks for a $2,000 upfront deposit which he says you get back on the first deal.Anyone have any info or reviews on this?
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30 September 2018 | 1 reply
I know I can rent it for 2+ times my mortgage but I also stand to make good profit if I sell, which is why I want to have a conversation with the right legal professionals to help make a good decision.
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19 September 2018 | 29 replies
You need to contact local contractors about professionally removing the asbestos and possibly dealing with a leaking oil tank.
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17 May 2021 | 6 replies
Due to some recent theft at one of the buildings, I want to install some cloud based video cameras, while keeping the monthly expenses as low as possible.