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7 July 2024 | 6 replies
Days On Market for rentals has been rising, up 36% in the last 2 years.Some markets are worse than others, due to a lot of new construction units recently hitting the market.Other questions to ask your PMC:1) How many websites are your properties posted to?
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5 July 2024 | 19 replies
The thermostat was locked between 70°F and 78°F, while outside temperatures were above 80°F.
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8 July 2024 | 20 replies
However, this seems like an inadequate amount if costs rise for Future Value with a 3% inflation rate.
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8 July 2024 | 42 replies
In my mind sponsors of these deals need to have some deep experience were as the last 3 to 5 years rising tides raised all boats.. like you said what happens in a hiccup.
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10 July 2024 | 87 replies
If the lawsuits diminish NAR, then who will rise?
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8 July 2024 | 21 replies
Thanks to our rise in equity, last year I refi’d our house out (just rate and term-no cash out) into a conventional 30-year with the same 2.75% interest rate, so that my VA entitlement could be fully restored as we don’t plan to live here forever, and could then use it on our future primary residence, while keeping this one as a rental.
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6 July 2024 | 8 replies
I believe that successfully navigating this initial investment will pave the way for future opportunities, whether in the same market or elsewhere.Living in New York City, I faced a challenging market ;)I chose Montgomery, Alabama.Here's my process:I compiled a list of states with favorable landlord laws.Using Brightinvestor, I identified cities within those states where the median home price falls below the national average ($420k).I excluded cities with negative income growth and rising unemployment rates.I focused on cities with strong appreciation rates over the past five years (over 10%).I compared price-to-rent ratios.I did break two rules: Montgomery has a slight decline in population, and its largest employers are an Air Force base and government agencies.One significant factor that influenced my decision was the promising price-to-rent ratio, suggesting potential for positive cash flow (though I remain cautious about appreciation).Regarding my acquisition strategy:I plan to employ the BRRR method with cash.
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5 July 2024 | 10 replies
You will send them prop address and they will email you back a report, with list of similar houses sold in recent months, advise you on temperature of the market and so on.
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6 July 2024 | 24 replies
Tenant refuses to pay rent because ac won’t get room temperature below 64 degrees2.
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3 July 2024 | 12 replies
My main question is for condo-purchasing: If I purchase a condo in let's say Brickell or Wynwood, could I say it is more likely to rise in value long-term (15-20 yrs) vs. a duplex in Miami shores?