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29 April 2024 | 168 replies
In terms of a leaseback, this specific seller will be a high risk tenant and might never move.
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26 April 2024 | 4 replies
I can tell you I am often cautioning new investors to the incredible risks they are taking and try to help them understand it is not all as rosy as those seling courses or you tube videos claim.A lot of people have made money in the last several years not because they are smart but because they were the beneficiary of an unprecedented increase in prices and rents.
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28 April 2024 | 7 replies
If they have actually proved mold (highly unlikely) the next step is to carefully evaluate their report and see whether the tenants actions/inactions may be the source of the mold...
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27 April 2024 | 15 replies
It could make sense to take advantage of minimal competition and relatively "low" home prices while interest rates are still high.2.
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24 April 2024 | 6 replies
I was informed of high water bills on April 1 and had the problem fixed across April 7-8.
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28 April 2024 | 18 replies
Good rentals but New Port Richey is a high crime area.
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27 April 2024 | 5 replies
My first rental, and I will have a very small cash flow (Thanks to high rates and high prices, but I took the plunge and decided to get into it anyways to build long run wealth).
27 April 2024 | 2 replies
Here are the details at a high level:Purchase price: 174,000Closing costs: 2,000Down payment: 20%Rental income: 1525Monthly expenses: 487 (insurance + tax)Maintenance: 128 (1% of purchase price)10% vacancy: 150Self-managingI am not sure what interest rate to use to get the monthly mortgage amount.
28 April 2024 | 25 replies
1000 bucks for carpet replacement seems high.
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27 April 2024 | 5 replies
LOL.There’s a WORSE WAY and a BEST WAY to try to obtain items 1-4 aboveBEST WAY: College or Professional Association courses in real estate (real estate license course as a base) and work experience for a REIT or other professional real estate organization and capital saved or equity raised from private parties with a MODERATE amount of debt leverage and or utilizing creative financing with low interest rate debt (may be highly leverage)WORSE WAY; Any guru courses or mentorship’s combine with high interest debt.