
29 May 2024 | 5 replies
You also need to consider that once someone signs a lease, they typically won't move in for 2-4 weeks.

28 May 2024 | 2 replies
I'll be moving to New Orleans, LA soon to run a large construction project which will likely last 2 years.

28 May 2024 | 4 replies
I'm in the process of buying my first flip and I want to move in while fixing this property.Any advice is appreciated.Thank you

26 May 2024 | 2 replies
Separate books are kept for the service company and your rental property asset.

28 May 2024 | 1 reply
For an upcoming turnover I have scheduled (current tenant moves out at end of June), I was able to identify, approve, and sign a new tenant within 1 week's time who will be taking over July 1st.

25 May 2024 | 13 replies
Her sister is engaged and will be married in the fall and will be moving out of the house into a new one with her soon to be husband.

28 May 2024 | 2 replies
Less Competition - High-interest rates and market uncertainty may deter some flippers, reducing competition for distressed propertiesMarket Demand - In some areas, there remains strong demand for renovated, move-in-ready homes.Price Negotiation - Sellers of distressed properties may be more willing to negotiate in a high-interest rate environment.Cons:High Carrying Costs - High-interest rates increase the cost of borrowing, which raises your holding costs (interest payments, taxes, insurance, utilities).Market Volatility - Real estate markets can be unpredictable, and high-interest rates may lead to slower home sales and declining prices in some areas.Renovation Risks - Unexpected renovation costs and delays are common risks in any market, and high-interest rates exacerbate the financial impact of these issues.Financing Challenges - Securing financing for both the purchase and renovation can be more difficult and expensive in a high-interest rate environment.Mitigation Strategies:Thorough Market ResearchAccurate BudgetingEfficient Project ManagementFlexible FinancingExit StrategyFixing and flipping properties in today's market can still be profitable if approached with caution and thorough preparation.

28 May 2024 | 5 replies
I turned this into a LTR just because we moved 2.5 years after buying it and I wanted to rent it to not lose money on the move.

27 May 2024 | 6 replies
If your tenants lose their jobs, then they should also be expected to move out of the rental.

28 May 2024 | 5 replies
Another thing to consider is if the property and loan are in the LLC, not sure if it is currently against your credit and if you had to guarantee the loan but if you move it to your name now you have to include it in your DTI, so that could impact your borrowing ability