3 April 2018 | 4 replies
Each time I have asked to be involved as much as possible to dip my toes into commercial real estate and gain knowledge, he has pushed back and doesn't want me to be a part of the transaction.
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28 March 2018 | 0 replies
Would any of you be willing to share your mobile home success stories with us, and how they fit into your portfolio?
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30 March 2018 | 10 replies
With a value of 95K and rents at only $800 there is next to no cash flow which is not uncommon for SFHs.Combining negligible appreciation with very low cash flow makes this a undesirable income investment property.Let your father sell it and do as he sees fit with the money.
4 April 2018 | 4 replies
There was little plumbing involved (other than a water line for the washer) or structural changes needed (there was a concrete slab already where the patio was).
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29 March 2018 | 6 replies
Small home repairs and late night phone calls are a minute part of land-lording, there are also a lot of legal aspects involved. - City rental certifications can be required- There is certain paperwork that you need to give someone at the time of signing a lease with them (lead based paint disclosure and pamphlet, inventory checklist, etc...)- If someone stops paying rent you may need to go through an eviction process- When screening tenants you need to do a thorough check of who you're renting to- There are several Fair Housing laws you need to be aware of when placing a tenantOften times, a PM company will even be able to cover their own cost by receiving the highest rental amount possible for your investment, most likely higher than you could by yourself due to the exposure and avenues they have for marketing.
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1 April 2018 | 4 replies
It can be a nightmare if you let your emotions get involved, but a lot of folks on bp evict tenants regularly and it's a pretty straightforward process at the end of the day.
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7 September 2018 | 8 replies
As I mentioned, the condo association docs don't prohibit it, but they still may try to block it and get lawyers involved.
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30 March 2018 | 16 replies
I do not know for certain what the full scope of my long range investing plans are but the tentative direction for this property are to hold, using the rental of one of the units to help me make the note on it, build equity and become familiar with the process of rentals to see if it is a fit for me in the longer term.
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29 March 2018 | 2 replies
He doesn’t want to be involved at all with the property.
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1 April 2018 | 15 replies
Out of all other strategies house hacking seems best fit for me.thanks brother!