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20 July 2024 | 32 replies
Moving will cause issues as to who or how will you manage multiple tenants in one unit or you will just rent to one tenant giving you less rent total than renting out two sides of a duplex.
19 July 2024 | 4 replies
I'm currently looking into the BRRRR method (Buy, Rehab, Rent, Refinance, Repeat) and need some advice on structuring a deal for a house that's in foreclosure.Here's a brief overview of my situation:Property Value: According to Zillow, the house is worth $649,500.Current Loan Amount: $470,000, which is the current market value without any repairs.Funding: I'm looking for a hard money lender to cover 100% of the purchase cost and rehab cost.Tenants: I already have tenants in place.I'm working on getting the exact numbers for the rehab costs, but I would appreciate any advice on how to structure this deal effectively.
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18 July 2024 | 3 replies
Nothing herein is legal advice.Effective July 1, 2024, California Civil Code section 1950.5 generally prohibits a landlord from collecting more than one month’s rent as security deposit, whether the rental is furnished or not.
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23 July 2024 | 10 replies
Love the ones " Hey please send me your contractors, PM, tell me how much a reno should be in your area, how much is the rent, and the ARV?
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22 July 2024 | 0 replies
The borrower rented one side of the duplex for $1,550.
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22 July 2024 | 7 replies
These properties are currently being rented for a great amount with great cash flow.Most of the time, these properties are not in the worst condition, but they are not new either (I think about $10-20K in repairs needed) or even properties that have great tenants paying great rent in them.Now, if I analyze the MAO with the standard calculation (ARV * 0.7 - repairs - fee), it won't make sense for the seller, and he won't sell it (found out the hard way haha).What do you guys do in that situation?
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21 July 2024 | 9 replies
I’m considering renting it out and managing it myself.
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23 July 2024 | 16 replies
A bet those properties got rented right away!
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21 July 2024 | 1 reply
looking to buy a home less than 600k in 2024 soon,and have future plans of renting it after couple of yearsWhich below areas are better in terms of appreciation for future selling or renting in 2 years?
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22 July 2024 | 2 replies
The home I’ve been renting is going to be put on the market.