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12 September 2024 | 1 reply
When scouting a property as a real estate investor, these three factors are paramount:Location, location, location: It's a cliché for a reason.
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11 September 2024 | 5 replies
Gilda, All expenses paid after the property was ready for rent would be deductible as a business expense.
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13 September 2024 | 4 replies
Before, I lived in my ADU and had to wait to refinance before seeing real savings.
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8 September 2024 | 6 replies
I hear of all these great profits that are being made investing in real estate that has a major “business” component, like small assisted living properties; rooming houses; sober living arrangements, etc.
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12 September 2024 | 8 replies
Real glad to be a part of this community!
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8 September 2024 | 0 replies
Hello Everyone - I am a realtor, appraiser, now mortgage broker in Canada and I also own an investment property. In Canada, especially Ontario and BC many investors are leaving for more landlord friendly locations. I ...
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10 September 2024 | 5 replies
If you have any claims or some list particular claims in that time frame they will not accept new business from you.In speaking with the product managers I've given the example of a client with 50+ locations paying over 45k per year in premium having a claim for $10,000 and would they take the total account into consideration when this client buys another property... the answer was a hard no.
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13 September 2024 | 16 replies
Here's some guidance on buying your first investment property in Southern California or Columbus, Ohio:Down payment:For investment properties, lenders typically require 15-30% down payment on your first investment15% down is possible with excellent credit (700+ score)20-25% down is more common, especially for multi-unit propertiesSection 8 considerations:Pros:Guaranteed portion of rent from governmentPotential for longer-term tenantsMay be easier to fill vacancies in some areasCons:More paperwork and inspections requiredRent amounts set by local housing authorityPotential property damage concernsOther tips:Research local markets carefully - price trends, rental rates, etc.Factor in all costs - taxes, insurance, maintenance, vacanciesConsider starting with a single-family home or small multi-unitBuild a team - real estate agent, property manager, contractorsHave cash reserves beyond just the down paymentUnderstand landlord-tenant laws in your chosen locationI'd recommend talking to local real estate agents in both areas to get more specific market insights.
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10 September 2024 | 3 replies
My business partner manages 20+ UB South campus properties for an out-of-state group.
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12 September 2024 | 6 replies
Real newbie here need advice!