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27 December 2024 | 8 replies
They also want a priority lien on the property.It sounds like you are looking for someone to fund your down payment, I would be looking for an equity partner over debt as nobody likes to lend money in insecure positions, especially when a borrower lacks skin in the game.How much are you planning to come in with yourself?
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16 January 2025 | 8 replies
We have become good at it, by simply issue a 3 day letter to pay rent or quit.
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13 January 2025 | 9 replies
Be prepared to face fluctuations in the market, unexpected repairs, and tenant issues.
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14 January 2025 | 5 replies
There are two types of return from a rental propertyCash Flow & Appreciation.I normally also aim for a minimum of 8% return between Cash-Flow and Appreciation.Appreication, nationally, is around 2% to 3% annually.Therefore, your goal is to get the cash-flow to be about 5% to 6%.The issue is interest rates being very high, you would therefore, need to buy at a pricepoint where the numbers still make sense.You can always put down more of a downpayment to cash flow, but that will impact your cash on cash return calculations.Best of luck!
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12 January 2025 | 6 replies
Then there were some issues with the inspection report that ruined 3 contracts prior to me getting involved.
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21 January 2025 | 21 replies
I have had no issues finding renters for our units and have have minimal turnover.
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12 January 2025 | 8 replies
Thanks in advance, IrisHi Iris,I ended up transferring ownership to the LLC and didn't have any issues.
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11 January 2025 | 19 replies
There exists those of us that want a property in Costa Rica despite the issues we are discussing here.
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17 January 2025 | 7 replies
As an investor - if I was putting $125k down I would want title in my name and a clear title policy - so that is where I would have the issue.
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11 January 2025 | 5 replies
I’ve never had this specific issue but mistakes like this are pretty common.