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30 April 2024 | 7 replies
Sometimes, a more expensive home with lower property taxes can be more affordable than a cheaper home in a high-tax area.
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29 April 2024 | 10 replies
With careful planning and strategic decisions, real estate can indeed be a powerful vehicle for creating a legacy and achieving financial independence.
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30 April 2024 | 4 replies
Start by targeting high equity homeowners, not properties for sale on the MLS.
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29 April 2024 | 7 replies
Other times the power was off and we got a full inspection and asked the inspector to keep an eye out for anything that looked strange and everything worked fine.
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29 April 2024 | 14 replies
The goal is to make sure you have high income, good credit score and enough assests and reserves to keep moving towards the next deal and dont max out on your first deal meaning do not max out your debt to income ratio as it can affect your borrowing power to acquire the next one.
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30 April 2024 | 8 replies
I want to know if there is a high demand and if homes are renting easily.
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1 May 2024 | 8 replies
We advise landlords to require two main criteria:1) Household income should be at least 40x the monthly rent.2) Applicants must have a credit score of 680 or higher.It's also important to review credit reports for red flags like rental collections or high credit card balances.
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30 April 2024 | 22 replies
It's high risk potentially not so high reward situation.
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30 April 2024 | 4 replies
Unit A is about 100 years old and Unit B is almost completely new.Pros:-The duplex is in a very desirable neighborhood with home value appreciation year over year at about 50+%-Rent is also in high demand within this area-Cash flows well even with high interest rates and increasing property taxes-Home is price below average cost per sq ft-The house has been renovated and some parts of it has been remodeledCons:-All issues are with Unit A, the 100 year old unit.
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30 April 2024 | 16 replies
even with a lower purchase price that's probably 1/3 of DC's they still mostly still don't work - rents not high enough, too much deferred maintenance, not in the right location, or all of the above.