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21 May 2024 | 138 replies
The IRA owns the LLC and you can act as manager.In both cases, there is a legal entity under the umbrella of the plan that you control and use to invest, without the need for 3rd party processing and per-transaction fees.On the investing side, the 401(k) offers one advantage, which applies in the case where you might use mortgage financing for the plan to purchase a property.
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20 May 2024 | 13 replies
This is something to budget for when considering this type of rental.Management Intensity: Managing student rentals can be more hands-on, requiring stricter lease agreements, regular inspections, and sometimes dealing with noise complaints or other issues.Seasonal Vacancy Risk: There’s a risk of vacancies during summer months unless you find tenants who stay year-round or offer summer sublets.Zoning and Regulations: Some college towns have specific zoning laws or regulations regarding student housing, so it’s crucial to be aware of these and ensure your property complies.Tips for Success:Proximity to Campus: Properties close to the university are more desirable and can charge higher rents.Furnishing: Consider offering furnished rentals as students often do not have their own furniture.Strong Lease Agreement: Have a robust lease agreement that includes clauses for damages, noise, and other common issues.Hire a Property Manager: If managing the property becomes too time-consuming, a local property manager with experience in student rentals can be a great asset.Overall, student rentals can be a profitable investment with the right management and location.
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20 May 2024 | 17 replies
However, you may be charged for a title search, but it does not bind you to doing business with them or that lender.When you buy bread, if you don't like what is being offered at one store, you can put the loaf back on the shelf and go to another store.
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21 May 2024 | 1 reply
This trend has fueled demand for rental properties, particularly in urban areas and multifamily developments, prompting investors and developers to focus on rental housing options tailored to Millennial preferences.Desire for Community and Shared Amenities: Millennials value experiences over possessions and seek communities that offer social interaction, connectivity, and shared amenities.
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20 May 2024 | 2 replies
There is already several offers from solar lease companies to lease a portion of the property.
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21 May 2024 | 0 replies
Lease-to-Own Options: Some sellers might offer a lease-to-own option where you rent the property with the intention of buying it after a set period.
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21 May 2024 | 3 replies
If so, they can't offer 1/2 a month of rent to other agents, so no point in putting it on the MLS.Several of our Detroit market competitors play the same game on cheap owners.
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20 May 2024 | 14 replies
Before I put a offer in I looked to see if there were any open permits, there were none.
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20 May 2024 | 2 replies
Zillow's API is no longer offered (or they make it extremely hard to access these days - have had no luck finding an updated link/page for it), Redfin has broad-stroke CSVs you can download that only give 5-10 fields of info and not often at the metro area, you can't legally create a tool to crawl these websites...I'm looking for 1 (or a handful of sources) to pull together basic metrics at the metro/city level for US real estate.
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20 May 2024 | 7 replies
I told them I didn't want to do the consortium deal, so they offered me another one where I would need to pay a 30k USD down payment and have an EIGHT PERCENT INTEREST RATE.