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22 July 2022 | 10 replies
My brother says a 100 bucks a door. 150 - 200$ ideally Per monthly cash flow but I'm breaking about even, not acounting for tax deductions.
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2 June 2021 | 4 replies
But you should run a cost benefit analysis to see the break even point of paying points to savings.
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4 June 2021 | 3 replies
I’ve also seen that you get certain tax breaks for owning a multi family property over a single family.I’m planning on renting out the second unit as a short term rental.
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3 June 2021 | 7 replies
Most agents don't break the 30k mark for at least a year in the business, so it could take a while to build up to your income level again.
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11 June 2021 | 6 replies
there are a few major risks to BRRR for someone starting out.1. contractor issues IE cant get it done steals money etc.2. refi ARV's are not what you think and refi proceeds disappoint you. 3. lending changes and refi's get super tough 4. seasoning before you can refi. back up is to be in a position to exit and break even or make a few bucks..
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4 June 2021 | 4 replies
Tenant leases do include clauses about appliances being a convenience to them and that owners are not responsible for spoiled food if the freezer/refrigerator breaks or damaged clothing from the washer and dryer.
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13 July 2021 | 5 replies
If you know nothing, you can break things and perform demolition.
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4 June 2021 | 5 replies
Many OOS investors learn what it's like to delegate and can focus on being an investor, but I would say if you are financially able to invest in NY then do that, try to house hack, learn your market, learn how to manage yourself, and network with the investors in your area.If you cannot find a way to purchase a property where you live and you want to start now, find a good real estate agent in a market where there are plenty of cash flowing opportunities that won't break the bank for you.
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2 June 2021 | 2 replies
My current tenant for a small restaurant wants to break the lease and leave.
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4 June 2021 | 17 replies
With that being said, I support more resources for the primary revenue generating body of the United States.