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8 November 2019 | 6 replies
I plan to maximize my savings by getting a roommate to occupy the extra room I have at my apartment in this time too.Year 2:I'll refer to this as the 'stagnate year' because I don't expect to accomplish a large task in this time frame.
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8 November 2019 | 3 replies
I wish you the best in your RE adventures !!
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8 November 2019 | 3 replies
Properties that produced healthy cash flow ($200-$300) at 30 year amortization now are projected to produce a fraction of that amount (<$100) when you use a 20 year amortization instead.Now that I've begun the arduous task of shopping around for a new lending partner, it seems that everybody only offers 20 year amortization periods (not to mention a higher interest rate and sometimes lower LTV).My question to the forum is, what kind of terms do you get in other regions/other parts of the country on a cash out refinance for a property in an LLC - specifically using the BRRRR method?
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31 July 2022 | 8 replies
.), then amenities like flowers, coffee, snacks, bottled water, staging (light PM tasks), and the next thing you know you're managing their listing and bookings.I don't know why this isn't a more popular business idea, but I guarantee that if you took to social media and some online advertising saying you have a cleaning service geared specifically for STR's, you'd get a lot of attention.
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12 November 2019 | 7 replies
secondly, in terms of finding the source of the leaks, for the first room (pics with the two holes cut out of the wall), the leak was in the sink plumbing that has been replaced, so that is good. in the other room, i don't know what it is for sure. theres no signs of a leak from the roof, and theres nothing running under the floor. my guess is that there were just years and years of spills, or pets, in that room (a 1970s house) and it was never handled properly. in terms of subfloor damage, there is definitely damage in the bathroom beneath the tub, which will be replaced. i've never done it before, and i'm a bit intimidated by the task, but i think it is something i can handle, after watching others do it. just so were all on the same page, these pictures are just of the wood floors, and not of the subfloors. so theres no way you can see the subfloors from these pictures. there may be potential for wood root on the gray pieces, but the wood isnt soft, and it doesn't sound/feel hollow.
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8 November 2019 | 0 replies
Landlords & Property Owners what are the Task that you wish you didn't have to be bothered with in your business?
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24 November 2019 | 21 replies
To close out I will leave one final tip that I picked up on just night.Tip#3: My market is in Maine and one of the tasks I had assigned myself was getting a lease outlined when I simply googled "Maine Lease Outline" I got much more than I had expected.
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4 December 2019 | 12 replies
While you can use excel, Quickbooks is good as it can allow you to generate a number of reports in a matter of seconds.You may want to reach out to some accountants now to see if it would be worthwhile to outsource the task now.
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10 November 2019 | 12 replies
@James Mc Ree to further understand me I'm looking to invest all across Pennsylvania so I want to know and I do know how some counties operate but I want to know how every County operates and I want to know how the state operates and full all I was asking for was help cause what I plan on doing is a big task.
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9 November 2019 | 2 replies
I'm out of state and recently purchased a property in Memphis that I'm now trying to refinance. That is being delayed because my insurance requires proof that the burglar bars have been removed from the windows in the...