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13 July 2024 | 3 replies
Newbie here.Thinking bout buying a commercial property from the owner that I feel he’s asking too much$800,000.Rent is $4000 (currently lease )Is this a bad investment?
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13 July 2024 | 0 replies
I lived there for a year and a half and now rent it out with a positive cash flow.
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14 July 2024 | 6 replies
If Im living in it and renting it out, is this still considered an investment property?
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13 July 2024 | 9 replies
I receive $2200 a month in rent.
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14 July 2024 | 16 replies
The tenants weren't particularly clean, their rents were about 30% below market, and they had a bunch of cats.
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14 July 2024 | 6 replies
the way the DSCR ratio is calculated for example on a loan is the comparison of rent vs the mortgage payment plus taxes and insurance
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13 July 2024 | 6 replies
My fear now is that by posting it on Airbnb I put it out for the world and I believe technically it can’t be rented separately but zoning said they would just tell her I have a permit pulled or it was just people who are renting my other place on the same lot so basically really no way to prove it.I was thinking instead of a kitchen is just rent it out 3-4 months a year with an outdoor flattop grill on the patio a nice seating area and maybe an outdoor sink.
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14 July 2024 | 5 replies
Market rents are high enough to cashflow and support a mortgage.
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13 July 2024 | 13 replies
OR are you just wondering whether you should rent it out or do short term rental or something like that?
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13 July 2024 | 3 replies
Be conservative in your rent projections and overestimate the repairs.I am not sure what the age of this property is, but I have found with older properties (mixed-use and apartment complexes), there are several variables that are typically not an issue with newer properties.