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20 May 2024 | 20 replies
I will give you some of my highlights.People in Texas complain about their property taxes at 3% ours are about 4.5%.New York in general and Monroe county specifically are very tenant friendly.Depending on the town, the code inspectors/police can be quite anal.Since Covid and the 2020 protests we’ve seen an increase in crime in the city and therefore weakening demand in the city proper and increasing demand for the suburbs.Industry is well diversified—University of Rochester (medicine) L3Harris (defense) xerox (IT) and paychex (software/hr)) and relatively recession proof.Population growth is low and therefore appreciation (except the past 4 years) has been moderate as well.There aren’t many builders in the area so supply is relatively fixed.Home (and rent) prices are both affordable with homes typically being less than 1/3 median household income and rent being similarly affordable.For single family homes at 8% rent will cover piti with about 100$ to spare in the A areas.
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22 May 2024 | 77 replies
Hi there I am looking at the deal machine to see if it’s worth while.
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19 May 2024 | 3 replies
So in 3 years - your single house is worth $151,510.
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20 May 2024 | 28 replies
It almost never happens, but it is worth asking.Beyond that, all you need to do is record a new deed.
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19 May 2024 | 2 replies
They didn't end up getting the property after the research because the cost wasn't worth it at the time.Call the code enforcement guy when he's in the office or actually walk into his office when you know he's there.
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19 May 2024 | 11 replies
Aside from your typical duplex example, there are many creative ways to house-hack a deal, but you won't know until you start viewing properties.
19 May 2024 | 2 replies
However, since the chances of collecting on the judgement are small and your costs to travel for the hearing is large, it may not be worth doing that.
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19 May 2024 | 17 replies
The work needed is worth it, especially as your real estate grows.
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20 May 2024 | 6 replies
But it was worth 800k and loan was 320.
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17 May 2024 | 2 replies
While this affiliation might bring certain advantages like integration and streamlined services, it’s also worth noting that many tech entrants in the property management sphere sometimes miss the intricacies of real estate management, focusing heavily on financial aspects instead.If you're looking for alternatives, you might want to consider other established platforms that specialize in property management, like AppFolio or Buildium, which are paid services but widely recognized for their comprehensive features and security measures.