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5 March 2024 | 27 replies
When you're talking 100+ acres, land owners generally know the value of their land, so you're not getting any crazy low deals, and yes, they want substantial money upfront.
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3 March 2024 | 5 replies
Not too low either, you don't want to go with someone who is just focused on price as this is a quality of a not-so-great accountant.
3 March 2024 | 9 replies
Much more cost effective, more units, less maintenance, no toilets or showers to deal with.
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2 March 2024 | 5 replies
No, they dont add value, yes, they are a huge liability, and yes they require constant maintenance.
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3 March 2024 | 36 replies
Looks good, except overall you might get say 1.25%-1.5% depending on your split with your broker.You need to find a broker that doesn't mind that you are doing low volume.
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29 February 2024 | 0 replies
Without the maintenance fee what you paid 3000 for is useless.
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3 March 2024 | 7 replies
Not too low either, you don't want to go with someone who is just focused on price as this is a quality of a not-so-great accountant.
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3 March 2024 | 5 replies
The comps were from 2021, nothing recent now that prices have risen exceedingly higher and they got my rental income too low based on rents that were 1/4 of what they are currently.
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2 March 2024 | 2 replies
@Trisha KirbyYou will go from 1 property to essentially 3 so your cost of maintenance, capital expenditures etc is not includedAlso you will never have 100% occupancy at all times so that needs to be taken into considerationI would also have a property managerLast but not least you did not include your closing costs etc.
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2 March 2024 | 5 replies
just buy a turnkey househack with a low DP loan instead