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20 January 2025 | 19 replies
If they choose to stop paying rent later they are held accountable for that.
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13 January 2025 | 11 replies
Make sure you account for all of your interest load if youre using a Heloc for permanent financing as you suggest.
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22 January 2025 | 203 replies
Maybe self-accountability does matter.
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19 January 2025 | 9 replies
But ultimately the responsibility lies in my hands.I jumped on a seesaw of risk hoping that the momentum would catapult my bank account into six figures only to find out the hard way that flipping houses isn’t as easy as I had predicted.This house was purchased for $64,000 with an expected rehab of $100k to $120k depending on how much work the dilapidated and neglected house needed.The midwest is lovely but the houses carry the weight of weather storms nearly a century old leading to more damage than a beginning investor could expect.The appraisal came in at $225k for my lender meaning our all-in cost would be around 85% of the sales price worst case.
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11 January 2025 | 14 replies
Sometimes there are accounting errors, like duplicated charges, so it’s worth investigating.
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16 January 2025 | 7 replies
Couldn’t be happier about the outcome, their great tenants, rent is automatically deposited into our account and on time.
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12 January 2025 | 2 replies
Account for all costs, including closing fees, holding costs, and repairs.
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27 January 2025 | 18 replies
Next, I'd get my electrician in there STAT to give me there quote to get it done. maximum scope, account for all variables, not a "hopefully it's just..."
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15 January 2025 | 12 replies
They take the security hold for me through my Stripe account.
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8 January 2025 | 9 replies
It took me 13 months to open a bank account in Belize.