Chris Prichard
Mostly smooth sailing with ROTH IRA funded cash buy and hold
15 October 2021 | 1 reply
I've only had to put in about $1,500 in some plumbing, water heater, and HVAC maintenance issues and I gained a tenant paying $750/month with very little effort.Lessons learned?
William Walker
Buying a house that’s rented out to businesses
15 October 2021 | 10 replies
I’m going to your the property this week and get a feel for maintenance issues.
Elyse G.
Invest local & expensive or long-distance and cheap?
21 October 2021 | 14 replies
You’ll mostly hire out maintenance issues and possible use a property manager.
Jason M.
Am i crazy or is -$900 a month out of pocket still a great deal ?
14 October 2021 | 4 replies
I plugged all the numbers into the Rental Property analyzer calculator, as modest as possible trying to determine what my unit would cost me after subtracting all other expansive, for example, 5% on Maintenance, vacancy, capital ex, and 11% management fees. that number is roughly $900 a month or $10,800 yearly that I would be responsible for. both scenarios look like this A) Primary Resident: 69k (10% down + closing) +10,800 = 80k the first year VsB) Investment Property: 159k (25% down +closing) - $4704 ( $392 monthly cash flow) = $154,296 first year I feel that option A is the better option in year 1, but I can not figure out a true representation moving forward after the house hack is done and I replace myself with a tenet?
Josh Myrick
Canton NC Rentals Info
14 October 2021 | 3 replies
I don't know which specific HOAs you are talking about, but many HOAs in our area are super low because they just cover road maintenance of private roads.
Kevin Guerin
Investing in Worry Free Property Management
15 October 2021 | 0 replies
Such services should include:- Creating enticing market listings and ads promoting the property at its best for high demand- Rental market expertise to provide recommended rent amounts for your property's market without recommending an inflated rent amount scaring away potential tenants or recommending a deflated rent amount causing less of a return monthly- Physically showing the home to potential tenants- Collecting/depositing monthly rents and bill paying- Vetting/screening applying tenants or managing non-paying/troublemaking tenants- Resolving maintenance repairs by hiring professionals to care for your investment- Turning your investment property move-outs quickly for new tenant placementLook for all of the above listed services and more when researching property management companies to receive the most return on investment!
Erick Sembrano
Buy & Hold 6 unit MF
20 October 2021 | 4 replies
Will work on decreasing overall expenses by addressing repairs and maintenance while stabilizing the property in the first few months.
Michael Cavitolo
$45k saved at 25! Should I buy multi?
19 October 2021 | 51 replies
ReturnsCOCROI upto 55% after moving outCost to live there (after vacancy and maintenance) $341 a monthUse your FHA, you'll want some cash in your back pocket to buy stuff you'll need to improve and maintain the property.
Ashley Brooks
Property Management Companies in Houston
21 October 2021 | 9 replies
Beyond the Monthly Management, Placement & Maintenance fees, all other fees in our contract are IF EVENT -> THEN fees.
Lida Langley
Want to Invest in Houston?
19 October 2021 | 4 replies
However afterwards you might need to spend more money for maintenance.