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17 April 2024 | 16 replies
I would highly recommend Pace Morby as you get the same info for free.
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17 April 2024 | 3 replies
Search property data for properties with high equity & perhaps out of area owners or elderly owners & contact them to introduce yourself as a local hoping to find another rental property.
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17 April 2024 | 3 replies
I am a huge proponent of taking advantage of assumable loans in today's high interest rate market!
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16 April 2024 | 25 replies
The cheap homes have higher turnover, lower quality more problematic tenants and more expenses.
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18 April 2024 | 43 replies
Buying a quality property is key to long term success (not just great cash flow according to a spreadsheet), otherwise capex will exceed cash flow over time.I have a friend who is very excited about FL and wants me to take a look.
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17 April 2024 | 6 replies
The numbers on the deal are below:-$6100 PITI (5% down owner occupied)-$2600-$2800 monthly rent per unit-Off market deal near Richardson High School-Both units fully renovatedI would essentially be betting on the long term appreciation of the DFW real estate market as well as long term rent growth.
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17 April 2024 | 9 replies
Many people are at different stages of life and income may be high so selling outright may lead Uncle Sam to take a much larger portion of their income.
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18 April 2024 | 3 replies
If there is anyone on W2 income with a relatively high tax bracket, could you please tell me if you successfully reduced your taxes with your rental property investments?
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17 April 2024 | 13 replies
TIA I look at these things the most when looking for BRRRR cities - Rent-to-Price Ratio: Look for cities where the average rent is high compared to the average mortgage cost- Population and Job Growth: Focus on cities experiencing steady population and job growth, higher than national average- Availability of Distressed Properties: Look for cities with a supply of pre-foreclosures, short sales, and abandoned propertiesNormally bigger cities in those states should do well, houses are still somewhat affordable (comparatively) and if you do a big rehab it'll pay off
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17 April 2024 | 2 replies
DSCR is going to be high right now, but if you buy a strong asset, let it marinate, rates come down in 2 years, rents go up, you could be in good shape.