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27 November 2024 | 7 replies
It's a good time to start exploring your loan options and setting yourself up to search alerts so that you can become familiar with the area, and start running the numbers :) it's a little harder to cash flow in the north side, but the appreciation is quite significant.
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3 December 2024 | 22 replies
But that's in the past, I no longer accept tenants in toxic Seattle, I've quit.
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5 December 2024 | 34 replies
It is quite common to conduct a move-out assessment for damages and apply the costs against the security deposit (SD).
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3 December 2024 | 9 replies
When successful it is quite rewarding and can lead to favorable basis and financing opportunities but there are certainly risks and its important to have plenty of reserves and be realistic with time frames.
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26 November 2024 | 1 reply
This will create some more movement, has been holding up quite a bit of growth.
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26 November 2024 | 31 replies
Quote from @Chad Verde: Hi BP,I have quite a bit of equity sitting in a rental property I own.
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2 December 2024 | 13 replies
In my first two years of management, she earned over $20,000 net profit, the property was in better condition, she could quit her full-time job, and her health significantly improved because she was no longer stressed.
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4 December 2024 | 32 replies
Quit comparing yourself.
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28 November 2024 | 2 replies
The property value has increased quite a bit since then and i would like to increase it, but i wasn't sure it they would entertain it being that its an investment now and not my primary home.
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3 December 2024 | 15 replies
These items will vary from DSCR Lender to DSCR Lender and can also be determined by things like your credit score, property type and its DSCR ratio, etc. 3% origination cost is very high for DSCR as well unless you are essentially "buying down" the interest rate quite a bit (trading fees for a much lower rate over the life of the loan)I have also been told by multiple people that I should create an LLC or Trust.