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10 June 2024 | 5 replies
While I've typically focused on single-family homes, my journey into real estate began with buying my first house using a VA loan and house hacking it, then acquiring additional properties from there.
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10 June 2024 | 1 reply
Homeowners might have different needs that a single package can't fully meet, and getting everyone to agree on one provider could be a challenge.
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12 June 2024 | 20 replies
Turnkey is smart for what you are saying, but you have to completely authenticate the turnkey provider. $100 cash flow is not worth it a month.
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8 June 2024 | 17 replies
You still need to do inspections etc. and you are just paying an additional fee.
9 June 2024 | 6 replies
I was trying to back into the purchase price that would meet my requirements to submit an offer; so based on the rent roll provided, I estimated Opex to be 50% of the effective gross income, amounting to NOI being 50% of $112K therefore $56K.
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10 June 2024 | 6 replies
You will want to make sure the Holding Agreement agreement clearly provides that the monies paid is not the required move-in monies, rent, or a deposit and is a fee to hold the property from being rented until August 1.
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9 June 2024 | 40 replies
Single family would be easy to sell providing its kept in good living condition but isn't nearly as lucrative as an apartment complex.
10 June 2024 | 7 replies
You would not be able to access additional cash beyond what was borrowed.The other scenario worked similarly, you can't borrow beyond the cash you paid.
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12 June 2024 | 20 replies
In addition to giving them what I feel are solid comps (not high or low), I also mention what I think the valuation should be.
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10 June 2024 | 4 replies
The reality is the opposite - if it's not in writing then the PMC doesn't have to provide the service or can charge extra for it!