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23 October 2021 | 8 replies
Some recurring advice I've seen in the "Intro to REI" videos and in the forums is to be conservative when estimating expenses, and I'm finding that makes it difficult to make any property cash flow, especially if I'm living in one of the units.For example, this fourplex: https://www.zillow.com/homedet... is only 250k (which is so much lower than most other fourplexes I've seen that it seems like there might be some additional due diligence required).
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16 November 2021 | 3 replies
As far as the DTI, that's another thing to discuss with the lender.
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22 October 2021 | 4 replies
Not 100% sure the tenant laws, as far as I know, I can do that.
22 October 2021 | 2 replies
There is so much info and so easy to get overloaded.
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28 October 2021 | 6 replies
I have rental property, which I want to sell, but ....gain taxes.In my case it is exeptionalyl painfull, because I obtained this propertyas the part of divorce settlement and I am older person now.I already spent a lot of money for professional consultations, it helps but not to the end. ( lack of preperation from my site)I am in the process now to educate myself , as much as I can about 1031 exchange option.I want to be able to ask right questions during next expensive meeting with the lawyer orCPA.What I am looking for over her, for precious help....I am looking for recommendation of the websites which offer help with 1031,and this is their business,they do not require the client to be accredited investorthey provide the listing of properties for saleand what very important, they provide at least closely estimated analysisof the deal. ( price, rent amount, property taxes, other costs etc)After my investigations , I am the most interested in rural California,or Atlanta Georgia, or Charlotte North Carolina.During my searches I found website of type I am looking for, I think it was Atlanta,their listing was very limited, but provided this analyse.but I did not save it ( did not realized how preasure it was) and can not find it again.So please, if someone went through 1031 exchange process, please share the websideswhich helped to find the right property, even better if they manage rentals.My case is so pityful, so the cost to even higher limits is wort it.Thank you very much evaP.S:My expectations, with flexibilityTo have at least 600k from the saletake 120-150 k cash ( pay taxes on this amount)Invest in 2 sigle family housesTo have close to 2k cash flow from the rentpossible ?
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4 November 2021 | 17 replies
I have self managed LTRs for many years and would not try to do so from as far as Bakersfield.
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22 October 2021 | 1 reply
that will determine is you need a lot of dwelling coverage or very little.As far as investing in condo I believe it is more b/c in order to make changes sometimes the condo assoc. has to approve anything and that can slow down your timeline.
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26 October 2021 | 9 replies
CRE is so broad and you don't see much hotel/motel stuff on there, but a 7-unit building isn't going to follow most of the rules for AirBnBs that get discussed here all the time.
27 October 2021 | 4 replies
PA is not a particularly bad state, but as far as growth prospects go I have much higher expectations for RTP, Charlotte, and other parts of the Carolinas.You could get a feel for ease of renting by looking at vacancy rates and by observing how long rentals stay on the market.
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3 November 2021 | 21 replies
The RE world however has always been full of the movers and shakers of the country and still is, so a little more competition, but there are less players coming up from the younger generation now....