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8 April 2024 | 6 replies
In the current market you may find the third R as the most difficult with current home values and interest rates, but it is not impossible!
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10 April 2024 | 16 replies
There's a lot of companies on here that have very high ratings from other members.
9 April 2024 | 4 replies
Usually tenants don't even bother to show up to court for my cases... and if they do, they would almost certainly not get into finer details like this unless they had an attorney.There are attorneys that specialize in evictions and will likely give you the best rates.
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8 April 2024 | 0 replies
I have found a number of other users posted this question in the forum over the years but I cannot find a resolution anywhere.The way the Rental Property Calculator derives the "Profit if sold" number seems to have an error in it if you are using the function to increase the rental rate and expenses each year.
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9 April 2024 | 6 replies
I've had security deposits and pro rated rent at closing on dozens of deals with all kinds of loans including FHA.Are you maxed on credits?
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9 April 2024 | 0 replies
Advani underscores the use of modern software solutions for everything from rent collection to maintenance requests, suggesting that technology is not just an option but a necessity for contemporary property management.He also touches on the importance of building a community among tenants, whether through events or shared spaces, to boost retention rates and create a more desirable property.The Future of Construction: Innovation and SustainabilityIn the construction segment of his discourse, Advani delves into how technological advancements and sustainability are becoming increasingly pivotal.
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9 April 2024 | 8 replies
The rates will be much lower than a HELOC and the leverage is also higher.
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9 April 2024 | 4 replies
They have better rates and we are ok buying in our personal name for a single family.
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9 April 2024 | 7 replies
My plan is to take the $800,000 equity I now have in my two unit building, wait until rates drop in the future and borrow against it to purchase a few other properties.
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9 April 2024 | 1 reply
This strategic move paid off handsomely as we were able to command higher rents than initially projected.Here are the key financial details of the deal:Purchase Price: $270,000 (jointly with a partner)Financing: Obtained a commercial bank loan with a 30% down payment, 7% interest rate, and a 20-year amortization period.Initial Rents: $1050 and $1250Current Rents: $1400 and pre-leasing for $1500 (making it a 1% rule deal!)