Since it's 2024 and costs have gone up, I would increase those numbers to maybe $40 (small dog/cat) and $50 (larger dog). 

In general it's a passive way to own real estate as the tenant takes care of the headaches and cost of repairs in most situations. 

Feel free to PM me and I'd be happy to help

We ended up going the HELOC route on that property for a few reasons. 1) the interest at the time was only 5%, which although seemed high, didn't matter too much with our potential property showing a 18% ROI 2) we leveraged a second home loan with 10% down for that new property, so our HELOC withdrawal was relatively small compared to what would be needed for a traditional loan on a rental. 3) I dont think I will see the rates in the 2% again in my lifetime, so figured I should hold on to that "free money" instead of selling it. 

Hi Riyanka.While I reserve my top shelf contractor info for my clients, I'm happy to provide 3 hard money options. 1 warning- it's normal for most hard money lenders to quote a higher LTV upfront and then drop it, later, increasing your required cash in the 11th hour- so I recommend you pursue 2 at the same time.Ken Ketter, at the bottom, is the most LTV-stable hard money lender I've worked with in several years, but typically their loan money is dispersed/out- you may get lucky and they may have funds available.https://capitalfund1.com/https://www.hardmoneylendersarizona.com/Ken Ketter 928.853.5339If I can help with consulting in other ways, just holler. 

Louis, Richmond, and Louisville are markets with high growth potential, strong demand, and moderate entry costs.

The reason those locks charge monthly is because there's an ongoing upkeep cost to maintain the software and communications network that are essential to being able to program the lock remotely.  

You will receive most if not all your benefit in year 1.Year 1 is where you will spend money furnishing the house and potentially taking bonus depreciation via cost segregation study.Year 2 and onwards, assuming you got a performing asset is where things will reverse tax wise and you will likely be reporting positive taxable income.

I am calculating 20% from the net profit (we are in CO)... including AFTER holding costs and reimbursing our own $ that we also used to fund the flip.  

Hey Eric, having two properties free and clear opens the door to many loan options.