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29 July 2024 | 5 replies
(Sorry.)This will get a bit confusing at first:You should find some answers in this government guide, starting on page 15: https://www.dca.ga.gov/sites/default/files/2-15-21_handbook_final_draft.pdfThere is example language of what your written notice to the tenant should include.
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3 August 2024 | 19 replies
Mortgage rates are driven by the capital market and basically follow the bond market, specifically 10 year US treasury with a premium, historically about 1,7%.Yesterday the 10yT fell to 3.9% and I have seen 5.99% 30y fixed rates with a local bank in here Milwaukee (that is still an inflated 2% premium), so 5.7% would be historically normal based on a 1.7% premium, even without the 10YT going any lower.Here is why.If the 10yT offers lower returns, more investors want to buy mortgage-backed securities instead to get higher returns (about 1.7% higher), as a consequence lowering the returns on those as well.
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1 August 2024 | 7 replies
My wife and I plan on buying another property at the end of this year and will probably move that property into the LLC or Trust as well.
29 July 2024 | 10 replies
If that does not organically happen fast enough, I would give a couple of residents at a time the option to (1) stay in their current unit at renovated rent levels and perform renovations that can be done in an occupied unit (2) move into a renovated unit at renovated rent levels or (3) move out.
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1 August 2024 | 9 replies
From a legal and liability standpoint, it is imperative to keep all three properties in separate LLCs and to keep the accounting separate as well.
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31 July 2024 | 9 replies
Well, the AC unit is about 30 years old, its shot.
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1 August 2024 | 7 replies
It's probably best to start by reading up on some books on the subject as well as networking with others here who have done these types of deals already.
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1 August 2024 | 4 replies
I am in need of one as well.
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31 July 2024 | 3 replies
Even a rent to own type set up, again with the customers property as collateral as well.
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2 August 2024 | 4 replies
Well, we went with Blink on our new 112 unit complex in Keizer Oregon.