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1 August 2024 | 29 replies
Have no idea how long it will take to get to my first property but looking forward to learning the process and getting to know the like minded folks on this forum.
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25 July 2024 | 4 replies
I haven't set specific targets beyond this initial goal, but I may aim to increase my passive income to $5,000 or $10,000 per month in the future.Current PropertiesI currently have two properties:The Loft:This property is rented out long-term and generates around $300 per month in passive income after HOA and management fees.The loft has approximately $100,000 in equity.The House:This is a brand-new build (2024) that I'm currently occupying through house hacking.I invested $70,000 in the property, which means I have $70,000 in equity.My plan is to convert this property into an Airbnb or long-term rental within the next two years.Short-term rental comps suggest I can earn around $3,500-$4,000 per month, while long-term rental comps indicate I can earn around $3,000-$3,300 per month.Seeking AdviceGiven my upcoming financial situation, I'm seeking advice on the best course of action.
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31 July 2024 | 11 replies
Just not as long as the EverSeal System.We have installed the EverSeal system on many Rubber roofs without any issues in conducting repairs to the rubber before or after the installation.The sealant is built to adhere to rubber extremely well and we have techniques that allow us to make repairs to these roofs before and after.
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30 July 2024 | 0 replies
Purchase price: $350,000 Cash invested: $100,000 Sale price: $875,000 Stamford water view single family home on Long Island Sound.
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31 July 2024 | 11 replies
Great job on communication feedback, that goes a long way for guests.
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29 July 2024 | 9 replies
Prepayment penalties- usually 1-5 year terms.
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28 July 2024 | 6 replies
There was so much appreciation during the pandemic that it will take years to settle back in line with long term trends.
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30 July 2024 | 4 replies
I purchased the property in 2022 with my VA Home Loan, so I have a very low interest rate of 2.75%.Long story short, we've finished renovating and stabilizing rents (for the most part).
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30 July 2024 | 0 replies
Through efficient negotiations, we secured the property for $162,000 on favorable terms.