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5 August 2024 | 16 replies
All you have to do is make a compelling point for them, and having a broken property that they don't want to fix can be a reasonable one.Anyway, allow me to give you a couple of points to think about.Downtown LA has been suffering because of the working-from-home shift and the effects of the homeless.
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9 August 2024 | 13 replies
Pros could be: Clean water + tub for each guest; on a well, so no water waste concern; can make it design-y + cute; can be used winter (hot water) + summer (cool water); goes better with forest location of the home than a traditional hot tub might; will hold same number of guests as hot tub would (2 people in each tub).In researching I have seen some people on Airbnb have these checked in amenities as 'hot tub', some 'private hot tub'.
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7 August 2024 | 1 reply
Hello, I purchased a home last year and looking to buy another home soon.
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8 August 2024 | 6 replies
I'd love to get your feedback on which option you think is more attractive and why.Option 1: Equity Partnership- Target Properties: Single-family homes, multifamily properties, and land for development in prime locations.- Investment Term: 5 years - 10 years- Equity Split: Investor 80% / Sponsor 20%.- Preferred Return: 8% annually to the investor.- Profit Sharing: After the preferred return, profits are split 70% to the investor and 30% to the sponsor.- Management Fees: 2% of gross rental income annually.- Acquisition Fee: 2% of the purchase price.- Disposition Fee: 1% of the sale price.Option 2: Debt Financing with Equity Upside- Target Properties: Single-family homes, multifamily properties, and land for development in prime locations.- Interest Rate: 6% interest only for a term of 5 to 10 years- Prepayment Penalty: 2% if the loan is paid within the first 3 years- Equity Upside: Investor receives 30% equity of the appreciationWhich option do you think is more attractive and why?
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8 August 2024 | 11 replies
We have one rental home has an extended lease with the tenants till the end of August.
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8 August 2024 | 8 replies
You could try talking to them and posting a notice to vacate as you now own the home, but I wouldn't go alone and I doubt they will leave.
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8 August 2024 | 2 replies
The home is under an LLC however it is not currently being rented out, my grandfather lives there.
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5 August 2024 | 9 replies
Currently I am getting an amazing rate with Encompass Insurance as they bundle our rentals as well as personal home, auto, etc.
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8 August 2024 | 0 replies
Here are some data points below from the past month:🏠📈 Real Estate Update 📉🏠Here's the latest market report (based on single family homes):🏡 Mortgage Rates:30-year conventional rate today is 6.63%30-year VA rate today is 6.20%💰 Median Sales Price:May: $475,995June: $485,000July: $487,483📈 New Listings:May: 2,141June: 1,920July: 2,032📅 Median Days on Market Until Sale:May: 12June: 13July: 14📦 Months Supply of Inventory:May: 2.4June: 2.3July: 2.6
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8 August 2024 | 2 replies
.$1599 combo unit at Home Depot.I would look for a local laundry facility and go talk to the owner, those guys can tell you what machines work and which ones don't.