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2 June 2024 | 23 replies
Notified property manager.
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3 June 2024 | 1 reply
I am close to the owner so I can discuss options.These are details and some rough numbers: - Location: Vienna , VA - No mortgage on house (free and clear)- Purchased year: Around 1980- Purchased price: around $50,000- Type: 3 bed - 2 1/2 bath single family- Market price: $920K (not appraised yet but numbers from Zillow)- Market rent : $3,400/mo (from BP Rent estimator)- Insurance $2,000 /yr- Taxes $9,300 /yr- Management $3,260/yr (I do not want to manage )- Repairs: TBDThe numbers do not work with conventional financing (20% down, 7% interest, 30 yr) so I want to think of creative financing ways.
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2 June 2024 | 10 replies
$50k is not enough to make alternative financing work because even at an embarrassing interest rate the investor will only make a few thousand - not enough to justify the time, document prep, risk assessment etc.I'd suggest that you get a realtor to put up the money, take a mortgage plus a few points of the selling price.
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1 June 2024 | 5 replies
Third, tenancies in room hack situations are very hard to manage.
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4 June 2024 | 23 replies
If you're considering Tampa, it's a fantastic market with plenty of opportunities and a good balance of tourist traffic and manageable regulations.
4 June 2024 | 1 reply
Hello,I have an LLC, created specifically to manage rental property and I am currently creating account in mySmartMove.
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4 June 2024 | 9 replies
What metrics are you using to manage your sales funnel?
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4 June 2024 | 4 replies
It also allows me to take over property management, landlords duties, and reap the cash flow now.
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4 June 2024 | 2 replies
Our efficient project management ensured the renovations were completed on time and within budget.
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4 June 2024 | 13 replies
I live in Atlanta and I co-host/manage Airbnbs for homeowners and investors in Atlanta and surrounding areas in Georgia and South Carolina.