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3 July 2024 | 3 replies
Hi!
Between some others in my family and myself, we own a few different properties. Some of these are paid off and generating rental income that we rely on for living expenses. We are interested in buying a beach ho...
6 July 2024 | 7 replies
For example, in FL you must have a land trust or you're paying a lot of money in for an LLC, but in Ohio land trusts don't offer asset protection and an LLC isn't taxed as heavily.
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7 July 2024 | 11 replies
Every system you try will have flaws, or you may salivate over a feature that appears in other software.Some familiar names are mentioned frequently: Stessa, Apartments.com, RentRedi, TenantCloud, Innago, RentManager, Avail, Rentec Direct, Doorloop, etc.I recommend conducting thorough research on each app online to understand their offerings, pricing, etc.
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5 July 2024 | 4 replies
If its on the same parcel still as the main property it would be appraised alongside with the home - typically not taking full credit for rental income but more of additional square feet/space to the property.
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6 July 2024 | 4 replies
If not would like more info on property I have people I sent information to but no offers of yet.
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7 July 2024 | 36 replies
@Jasmine HuNot sure I would go to Memphis and don’t know the VA markets.I’m in Greenville SC and love that market - midway between Charlotte and Atlanta.Booming population, income, and job growth - not as competitive as the NC and Florida locations.As you note insurance costs are in issue in FL and probably in Wilmington too.To add some additional context, one can invest successfully in most markets.For me, knowing your market is as important if not more important than selecting a market.
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6 July 2024 | 2 replies
The current owner has offered to put up the down payment and add that onto the total price of the house so they’ll be paid back and we aren’t putting anything down.
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4 July 2024 | 5 replies
From what i understood is I need to build relationships with bunch of multifamily lenders to see if they offer pocket listing.
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4 July 2024 | 9 replies
Pro-rate the rent and save yourself a lot of grief from an issue you would surely lose.If they had purchased renters insurance with loss of use/additional living expenses this could be a covered loss for them.
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4 July 2024 | 9 replies
Does anyone know or any lenders that offer this?