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12 April 2020 | 21 replies
Why would you be asking for advice in light of the fact that the lease seems clear.There is no point in bothering to have a lease if you have no intention of enforcing it.Your lease clearly state that if a dog is found on the property you will impose a $35/month fee retroactive to the start of the lease.
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7 March 2018 | 7 replies
I'm still learning myself, but intentional education targeted towards your next move has proved to be a major confidence booster when making decisions.
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6 March 2018 | 2 replies
@Joseph Wright I think the folks you've talked to have missed two big things.1. 1031 is available only on property you purchased with the intent of holding for productive use.
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15 March 2018 | 8 replies
My main focus is cash flow and my goal is to replicate my salary within 10 years, which might be a bit aggressive.
6 March 2018 | 1 reply
The owner has not left the property so we want to protect not only from fire/flood/etc but malicious intent.
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6 March 2018 | 5 replies
Upper main roof first half replaced 8 years ago, second half replaced last year, and lower roof was replaced last month.4 Separate Crown Aruba Gas Boilers, regularly serviced and approximately 20 years old. 4 Separate Gas hot water heater (ages vary)Washer Dryer hookups available in basement for coin laundry for additional incomeExterior painted two years agoShingle sidingProperty just passed state inspectionReplacement energy efficient windowsPurchase Price: $210kAppraised Value: $285kProperty Type: Quadplex/Turnkey tenants in placeArea: BUnits: 1-3BR, 3-1BRRental Income: $3365 Per Month / $40,380 per year (rents can be raised 5% upon lease renewals)Utilities: Separately metered, each tenant pays their own gas and electricHouse Utilities: Common area utilities are about $20.00 per monthWater/Sewer: Landlord pays $1500 per yearProperty Taxes: $7855 per yearInsurance: $2500 per yearLandscaping/Snow removal: $1221.00Vacancy: ???
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14 March 2018 | 13 replies
Most of my investing has been in North Main and the Augusta Road areas...urban lifestyle but good schools, affordable living, and convenience to everything...it's a gem.Regarding #2, yes our redneck homes are pretty affordable for many northerners...my neighborhood is mostly transplants and foreigners.
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10 August 2018 | 5 replies
For SFH not so much, as it puts the ADU and main home under rent control.
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6 March 2018 | 1 reply
Do you have a separate checking account for each property/LLC or 1 main account that all of the properties run through?
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11 March 2018 | 8 replies
The main reason I was thinking about doing this was because if I'm going to pay let's say $10,000 a year on housing, it might as well as go towards a mortgage rather than a landlord.