Kenroy Bernard
New primary residence
22 November 2024 | 15 replies
I'm thinking a house hack with a V.A. loan so you could slide with that 0% down and allocate funds for repairs.
Andrew Helling
SEO Advice From a Digital Marketer
20 November 2024 | 4 replies
This is critical to include.Other technical itemsOnce that's done, be sure to include meta descriptions and titles, images that are 1,000 pixels or less, and alt text in your images that includes some of the keywords you're ranking for, when relevant.Build linksThen use HARO (now Connectively) to build natural links to your site by being quoted as an expert on flipping, home sales, home repairs, etc.These will be homepage links, but since you're going to be trying to rank your homepage, you're looking to boost your overall domain authority.
Albert Blair
Renting to Contractors
19 November 2024 | 7 replies
The last tenants did some damage to the interior of the house and repairs like, sheet rock, fixtures, paint, etc. need to be completed.
Craig Daniels
Use rental cash flow to pay down 6.375% mortgage?
19 November 2024 | 2 replies
As long as there are no outstanding repairs, I don't see anything wrong with paying off that loan faster.
Saad D.
Is the 1% rule dead?
22 November 2024 | 92 replies
All in for example, 75k, rent 1600, thats 2% + That gets me going :) 15-20% net, so this is after any forecasted vacancy, repairs, property taxes etc.
Denise Evans
Tenant Estoppel Letters
19 November 2024 | 0 replies
At a bare bones minimum, the letter confirms the start/end dates of the lease, monthly rent, paid-through date, absence of any prepaid rent other than the current month, and security deposit amount.Better, it will include statements there are no unresolved claims or disputes or repair issues with the current landlord, and no verbal or written side agreements.Better yet, it will include a copy of the tenant's lease, and a confirmation the lease is a true and correct copy with no amendments.
Zach Rumfield
Family cabin in the mountains next to a major ski resort. Why not AirBnB?
22 November 2024 | 15 replies
You’d gain tax deductions, and you’d relieve yourself or your parents of any additional work regarding reservations or repairs.
Taylor Robertson
Found off market deal with working with realtor. How to proceed?
22 November 2024 | 5 replies
A family member contacted me directly, so my agent hasn't been involved at all with this deal so far.In that case, the only reason that you would pay him the 3 percent is you wanted the assistance with the whole process from negotiation, home inspection, negotiating any repairs, mortgage and closing and title referrals.
Brian Quo
How bad is it to start off not cash flowing on 1st rental that is new construction?
20 November 2024 | 37 replies
Part of that you can justify because of the necessary repairs, but overall higher price points appreciate differently.The median home price has basically doubled in Milwaukee from about 160k to 320k in the last 10 years.
Andrew Fidler
Anyone else having problems with LMHA Section 8 in Toledo???
22 November 2024 | 9 replies
I haven't been expanding my business with LMHA since the end of 2016 per my posts above so I don't know exactly what changed, but I expect the outsourcing of inspections to private industry + some executive level leadership + replacement of staff with new faces excited to serve the needs of HUD/Landlords/Those In Need has resulted in an agency I will develop more business with.The HCVP will always be a double edged sword for landlords (See Section 8 Bible discussion) but for now I have discovered it is finally worth the effort to participate in the program.I specialize in Toledo's transition neighborhoods, discounted houses on the edge of nicer areas but also on the edge of trash...the Section 8 program allows me to get long-term tenants who are a good business model provided they are consistently managed and visited/inspected for additional "visitors" (relatives and random dogs/cats) and damage/housekeeping which can destroy a home if left unchecked.You need to know the rules, repair and renovate for long-term durability, prepare for inspections thoroughly and keep a team of contractors who will hold those standards...after 8 years we have been through a hundred inspections.