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4 May 2024 | 8 replies
We highly recommend though, having a local expert that you can run addresses by, to confirm the target property in on a good block before signing a purchase contract.
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2 May 2024 | 20 replies
One idea that I have been pondering is buying a plot of land in a relatively good location with high odds of appreciation then placing a prefab house on top of it.
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3 May 2024 | 14 replies
Landlords mistakenly ASSUME all PMCs offer the exact SAME SERVICES and PERFORM those services EXACTLY THE SAME WAY, so price is the only differentiator.So, the first question they usually ask a PMC is about fees - instead of asking about services and HOW those services are executed.This also leads them to ASSUME simpler is better when it comes to management contracts.
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4 May 2024 | 28 replies
Some believe in cash flow later down the road by buying class A/B in high appreciation areas.
3 May 2024 | 3 replies
Can highly recommend them.
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4 May 2024 | 23 replies
Advertises downpayment assistance through crowdfunding.Coastal1, RICoastal Federal Bank of NCConsolidated CCU, high LTV NOO LOC, OR, WACommunity Credit Union Will do HELOC on a rental in Florida.Connexus Credit Union, PACredit Union West, AZ 80% LTVEast West Bank, up to 60% LTV with "no docs” CA, WA, NV, GA, NY, TX and MA.
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4 May 2024 | 7 replies
That’s $30,000 over the five-year hold.Just for kicks, notice the same value invested in a “high” interest savings account (earning 1%) over five years would earn a measly $5,000.That’s a difference of $25,000 over the span of 5 years!
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3 May 2024 | 1 reply
(Low Maintenace, High Demand).
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2 May 2024 | 9 replies
While this may exempt it from being classified as a rental activity, active participation remains a requirement, necessitating compliance with three tests: spending 500 hours on the property, dedicating at least 100 hours (and more than any other participant), and performing all the necessary work needed.Additionally, long-term viability and consideration of depreciation recapture are important concerns.