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12 July 2024 | 48 replies
remember payments may only be 400 a month at best.. 6 months reserves is a whopping 2400 dollars.. so someone theoretically with less than 10k in cash could get into these properties.. this William I personally think is highly dangerous for lender and for buyer... its not losing the 10k that's nothing its getting your personal credit trashed when you can't make the payments because you lost all your cash.IMHO if you want to be in the rental game you need 20 to 30k liquid at anyone time that you don't have to borrower etc.. this will insulate you from taking a loss. as you build units of course its not exponential but you need a base.And since this is not TRUE cash equity only paper equity there is no hope of selling them for a profit or what you have in them..
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13 July 2024 | 51 replies
100% agree that if/when Dodd becomes more attractive to foot traffic, it will be a big win for the surrounding area.
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9 July 2024 | 6 replies
Shower Surround.
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10 July 2024 | 0 replies
One of the principal industry concerns about the vast power granted to the Consumer Financial Protection Bureau was that these powers were too insulated from review….The ruling sends a crystal-clear message to federal agencies that their powers are not unlimited…We would not be at this point today if government agencies were more prudent and consistent about staying within their statutory authorities, grounding their rulemakings in empirical facts, and heeding appropriate procedural safeguards…Instead, too frequently, our regulators appear to be chasing headlines and short-term political wins.”National Association of Homebuilders - “Today’s Supreme Court ruling is an important step forward to advance meaningful regulatory reform because it means that federal agencies can no longer continuously change the law – and the intent of Congress – by implementing their own interpretation of statutes as long as the interpretation is viewed as being ‘reasonable.’
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11 July 2024 | 24 replies
There’s also good opportunity in the Coachella Valley, namely Indio and the surrounding cities.
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10 July 2024 | 32 replies
Have you explored surrounding Charlotte, NC areas?
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9 July 2024 | 10 replies
I figured I start in my own backyard Raleigh,NC, the surrounding areas, and go from there.
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9 July 2024 | 12 replies
I only know of one screening company, Tenant Tracks, that complies with all the CT laws surrounding this.
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10 July 2024 | 21 replies
Interested in STR info for Gilford or surrounding!
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9 July 2024 | 5 replies
Can anyone recommend meetup groups or individuals that can provide 1-1 guidance in Austin, Texas or surrounding area?