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5 June 2024 | 3 replies
How did you add value to the deal?
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5 June 2024 | 6 replies
How can I make sure that I do not rent the home out under market value?
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5 June 2024 | 3 replies
For example, if the cost of your time to self manage is $50/hour but you have something else you can do that's valued at $100/hour, you should hire someone else to manage for you.
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5 June 2024 | 29 replies
The home value decreases are not as bad as I wrote country-wide, however BC and Ontario have taken a heavy hit as discussed and they represent over 50% of the population.
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5 June 2024 | 9 replies
Current Assets:250k in 403B (max contribution)25k in 401k (wife 401k)400k in HYSA at 4.25% (need to move a lot of this, previously was saving for local Long-term Rentals... but haven't put enough effort into this."30k in checking50k in VTSAX15k in Disneyest 20k (bought side lot adjacent to property in 2020 1/2 acre for 15k... paid off)est 60k (bought back lot adjacent to property in 2020 3 acres for 45k... paid off)est 280k equity (Home valued est at 600k bought for 380, 320 remaining on note at 2.7% in 2020.
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5 June 2024 | 3 replies
Hi Scott, It sounds like a good opportunity to deploy the contingency fund for the issue with the roof that popped up.As tempting as it is to use that contingency money to pay down the loan faster I think that sticking with the original purpose of the funds and updating the roof is the best use of that capital for the following reasons:1.An updated roof adds value to the property.
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5 June 2024 | 14 replies
Motivation is an emotional state. 2 people subjected to the same environment will inherently act differently and thus proves it is not possible to target motivation.A motivated seller is not someone in foreclosure or is an absentee owner or is in tax trouble.A motivated seller is anyone willing to sell their house below market value no matter the reason.Everyone, please stop telling others to stay consistent.Let me tell you something, coming from a (NASA) scientist and engineer.When something does NOT work, you don't "do more" you don't stay consistent.
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3 June 2024 | 18 replies
Differentiating to increase occupancy or highlight the value offered doesn't need to cost money.
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3 June 2024 | 6 replies
Wayfair is a great spot to look - just make sure you read reviews and don't get 110v!