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25 June 2024 | 16 replies
I would not call it an open floor plan by any means, we are talking about a lot of walls and ceilings.
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26 June 2024 | 5 replies
Agree they are both tenants and you can't keep it from the other tenant.If she gives notice you can send them both their own move out letter which would give him a chance to react.Agree the other one can stay if they want to and qualify.We always designate one tenant as the primary, in the lease, and make it clear that they are the decision maker.
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25 June 2024 | 18 replies
I dunno what good or bad means.
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26 June 2024 | 14 replies
I self manage enough properties that I doubt they would question me meeting the hours.So I don't keep a time log.
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25 June 2024 | 17 replies
Even with only $1000 in rent I’m still over a 1 to 1 ratio (was not taking out a lot of equity) but under a 1.25 ratio.A lot of investors have the equivalent of llpa’s at 1.0x, 1.1x, and 1.25x, meaning that your rate/pricing will likely be marginally different at each threshold.
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25 June 2024 | 4 replies
I don’t see many 3bd/2ba in area and I was told by my agent that it’s a good thing, meaning there is not much inventory for those and these could rent pretty quick with good rental Comps.
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25 June 2024 | 6 replies
Quote from @Melissa Faraias: Just because someone has a good experience with one Section 8 tenant doesn't mean all of them are good.
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26 June 2024 | 12 replies
Foreclosures, short sales, and off-market deals can provide these opportunities.Target up-and-coming neighborhoods with increasing home values rather than already hot areas.Research comparable recent sales and get an inspection to accurately estimate the after-repair value (ARV) before making an offer.Follow the 70% rule - the purchase price plus renovations should not exceed 70% of the ARV to leave room for profits after selling costs.Focus renovations on maximizing returns - kitchens, bathrooms, curb appeal rather than over-improving.Hire experienced contractors and have a project manager oversee work to keep things on schedule.Price the renovated home at or just slightly below comparable recent sales to facilitate a quick sale.
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26 June 2024 | 45 replies
You keep saying that seasoning is not an issue.
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24 June 2024 | 4 replies
This means I can only send one driver to one property at a time.