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1 August 2024 | 10 replies
If you are close to retirement or looking to plan ahead I would recommend, Cashing in Tax Free written by Leslie Pappas.
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1 August 2024 | 2 replies
What do you think lies ahead for these buildings and their owners?
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1 August 2024 | 8 replies
Many lenders, including my group, offer a DSCR product to refinance on the back end as well.Before taking out a loan for a BRRRR project be sure to calculate all carrying costs (taxes, insurance, utilities, HOA, loan interest, etc.) to ensure (i) you have sufficient cash to cover monthly payments for at least the duration of the project and (ii) your estimated rent after repairs is at least 1.10x PITI (monthly refinance loan payment principal and interest, taxes and insurance).We have a proprietary BRRRR cash flow calculator tool that we share with our clients to help reliably assess costs and returns for these types of projects.
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1 August 2024 | 5 replies
My investments have been out of state but I'm starting to look at some local rehabs or new build projects.
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30 July 2024 | 12 replies
Get rid of debt, build a budget, and save.
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2 August 2024 | 4 replies
As the new owner, showing them that you care about both the property and their experience as residents while they're living there, and building a solid rapport with them on the front end, it will pay so many dividends as you move forward.Hope this info helps a bit, and best of luck with the new property/tenants!
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31 July 2024 | 16 replies
Best to invest the money you would spend on pursuing these claims on better management/tenant screening or building improvements that may attract better qualified tenants.
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1 August 2024 | 0 replies
Right now, I am thinking of turnkey out-of-state if the market continues at this pace because property taxes are so high in El Paso and rent growth has not increased with prices.
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30 July 2024 | 8 replies
., your entire financial and tax situation could change and possibly not for the better.
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2 August 2024 | 16 replies
Larger apartment buildings tend to be more varied.