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30 December 2024 | 103 replies
We did online real estate investor Zoom meetups for Philly investors all through the pandemic, but have only done one there in person.
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16 December 2024 | 4 replies
I am going through the regulations and restrictions in that place (not a closed community but there are some rules).
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18 December 2024 | 5 replies
3) It's been 5+ years since we've seen a S8 tenant lose their voucher for property damages, not paying their portion of the rent or utilities, or other lease violations (letting others move in with them).It's our opinion that #2 & #3 above are caused by overworked caseworkers not having the time to process the extra required paperwork, so they take the path of least resistance.4) S8 needs someone at the federal level to put more of the program online and streamline the process!
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16 December 2024 | 5 replies
For instance, FHA guidelines are very strict and restrictive when it comes to using departing-residence rental income to qualify for a new FHA loan (such as the 100-mile rule).
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20 December 2024 | 12 replies
You’re online listing doesn’t need to be a comprehensive photo shoot of every single nook and cranny of your home
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13 December 2024 | 7 replies
But usually for a tenant occupied it's like $90-120 per monthI've noticed a lot of multi-family buildings are pre-WWII housing inventory - are there restrictions or issues common with that (historic districts, crazy high utility costs, etc)?
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19 December 2024 | 13 replies
I had a similar off-season challenge and decided to allow pets ( with restrictions and clear house rules) and I gave a 30% discount to try & attract snowbirds ( I’m in FL) - my calendar filled up for a few months with a few pet owner bookings and 2 separate 45 night bookings, did all this on pricelabs & airbnb -best of luck !
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19 December 2024 | 5 replies
For something more robust, tools like Excel or online calculators from financial planning sites might better suit your needs.Your ROI Formula:ROI = (Net Cash Flow ÷ Total Out-of-Pocket Investment) × 100For your scenario:Net Cash Flow = Annual Rental Income - (Mortgage Payment + 401k Loan Payment + Other Expenses)Total Out-of-Pocket Investment = $40,000 cash + $50,000 loan payments over 5 years.I came across a piece in Bloomberg recently discussing creative financing, and they touched on ROI calculations for multiple loans.Personal anecdote: A buddy of mine leveraged a 401k loan for a fourplex.
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16 December 2024 | 4 replies
But the neighbors told me when they built their house from ground 6 years ago, there was no issues for any building materials or trucks going through the alley. 3. the house is in historic district of Charlotte, meaning there are quite some restrictions on the exterior renovation.
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17 December 2024 | 7 replies
I started my domain over 10 years ago when people first started going online trying to buy fixer upper houses.