Ty Doke
Financial Advisor says: Real Estate is a terrible decision
24 April 2020 | 50 replies
I would add anyone who thinks RE is always a terrible investment might be the worst person to analyze the deal at all, whether they are the President of a firm or not.
Deniz Eker
Potential renter from abroad,no SSN
23 April 2020 | 8 replies
When I immigrated to the US many years ago I made sure my doc's were always under control all the time, and you would do the same.I understand..I would not post here if I did not have my doubts..A lot of red flags..The worst of all I also have a property manager who is just giving me the facts but no recommendations.I had thought that would be their job as I am new to this.Looks like I am screening the renter by myself..
Jia Lin
Mechanic's Lien Risk from Subcontractors - Cook County, IL
25 April 2020 | 8 replies
Hoping for the best but worst case we overpay but better now than on a more expensive project.
Jorge Rivera
SFH homes dropping in Long Island NY?
23 April 2020 | 16 replies
My goal is to house a section 8 tenant to lower the likelihood of vacancy, but still factor in the worst case scenario.
Shaun Callais
Turn Primary Residence into First Rental? Help Me Decide
24 April 2020 | 9 replies
Utah has one of the highest/worst rent ratios of any state.
D Higgs
hard money loans question
30 April 2020 | 14 replies
Some more to add would be Property Tax while you own it Insuarance- you will need to have with any loan .HOA fees if applicable.Utilities if applicable.Rehab Budgets almost always go over and take longer.Sales usually take longer and go for less than the estimated ARV.And if your using a broker take deduct their fees and the selling closing fees from your estimated sales price.Just leave yourself a nice margin at every level , the worst case you’ll make more than you over budgeted , or walked away from a deal that likely wasn’t that good to start.Best of luck.
D Higgs
Out of pocket expenses. Why is no one talking about
26 April 2020 | 11 replies
Owning and maintaining property takes money, as big ticket items can happen at any time and usually happen at the worst possible time thanks to Murphy’s law.
Evan Aagaard
Stuck with bad tenant during lockdown - what would you do?
5 May 2020 | 19 replies
Ontario is already one of the worst provinces to be a landlord, I can only imagine during a lockdown..
Russell Best
Getting Into Property Management
24 April 2020 | 0 replies
I am graduating college in a few weeks into, perhaps, one of the worst times to get into real estate (lol).
Hannah Krebs
Guess-timating rent where no comps can be found?
26 April 2020 | 9 replies
You could probably use the 4 bedroom FMR from HUD as your worst case scenario.