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17 April 2024 | 3 replies
I took out a $50,000 HELOC @ 8% Interest from my Primary residence in Colorado Springs, before I began to rent it out, I had no idea at the time my parents planned to move.
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17 April 2024 | 0 replies
I plan to use this home as a long term rental.
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17 April 2024 | 6 replies
Still running the numbers, but the plan is to BRRRR but flip would be the backup exit strategy.Does anyone have experience installing HVAC in old houses that do not have central air?
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18 April 2024 | 16 replies
That would fill in the daytime and nighttime traffic and keep the building busy which would attract higher paying tenants for all of the other suites.A mural is a part of the plan.
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17 April 2024 | 2 replies
Do you plan to use the property at all, and STR it, or just buy and long-term rent it out?
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18 April 2024 | 5 replies
The plan was built around that payment so the maximum could go to cash value.
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17 April 2024 | 2 replies
While you're at it, you might also want to explore some resources on financial planning.
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17 April 2024 | 4 replies
We are not pursuing a license on this property to do STR because we plan on moving within the year (hopefully within months!)
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18 April 2024 | 7 replies
We plan to live in it for a couple of years, fix it up, and then rent it out or flip it.
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18 April 2024 | 6 replies
As Jaron stated you will need to plan for the unexpected, such as vacancies and repairs.