15 July 2024 | 17 replies
Short of buying a property in cash and having it managed at a distance with a professional property manager, I think you'll find that the hassles and headaches of "traditional" IRA real estate investing just isn't worth it.
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14 July 2024 | 4 replies
Think of anything your tenants need to do before they vacate the property!
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15 July 2024 | 3 replies
I wouldn't think they would require a redo for work that is readily visible, but it seems like your inspector is on the extreme end.Try asking for forgiveness first since it is a trivial amount of work with low complexity/skill required.
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15 July 2024 | 2 replies
I did list it last night on Zillow, Avail, and FB marketplace and have already received about 8 inquires, which makes me think the price maybe a bit low and that six weeks in advance is too soon.
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14 July 2024 | 4 replies
Hey Everyone,I just graduated college with no debt so I want to buy my first property and House Hack with college students, I found a property currently selling for $175,000 dollars, but I think It can be negotiated to a lower purchase price since it is a little outdated and the other houses in that same street have sold for less money, although it is outdated it could be rented for $550 dollars a month + utilities and since it is a 4 bed, 2 baths; renting out the other 3 bedrooms while I live in one of them would help me break even with the house's monthly expenses.
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15 July 2024 | 5 replies
I think something like 40% of Americans have misdemeanors.Some things that are misdemeanorsSpeedingJaywalkingOpen Container in publicDriving without a licenseExcessive noiseLitteringDriving with expired tagsUsing very low level misdemeanors to prove a point that these are all ridiculous reasons to deny a tenant.
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11 July 2024 | 1 reply
One of the critical aspects of successful property management is tenant screening.
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14 July 2024 | 13 replies
I still think you have a good property!
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15 July 2024 | 3 replies
Also, probably I'd have to fly out to KC a few times until I buy the property to meet the team, potential properties, etc which will add to the costs (~$600-$800 each trip) of owning an OOS property.Given this market, I'd like to hear from OOS investors if they think it's still doable to pull off an purchase worth investing in.I don't want to talk myself out of it again and focus on the negatives but also, want to make a sound decision that benefits me in the long term and doesn't hurt [much] in the short term.