
27 October 2024 | 0 replies
We're looking to renovate something before the end of the year to accomplish 2 things: 1) Improve home value so we can get appraisal, refinance and leverage that to buy a new property. 2) Take advantage of the tax credits that are out there in 2024 before the new year or is it better to wait until 2025 and just hold onto the cash I have at hand.Here is a list of renovations that will need to be done eventually:*Brand new basement kitchen (cabinets + add seating area - we already have brand new dishwasher, fridge, gas oven)*New standing shower in the basement bathroom*New Siding*AC/Furnace for unit 1 are close to end of life but still functioning*New Fence/landscaping*New Windows for the basement*New Garage (unstable, concrete shifting, very old)*Solar Panels on the roof (There is a $0 down payment lease option w/ sunrun, but I'm hesitant to move forward)*Renovate master bedroom closet for tenants (it is old & has built in entertainment center that is very dated)*Repair Catch basin*Adding better drainage system for back door.Greatly appreciate any help, insight or advice!

20 October 2024 | 14 replies
In the long run, that property will go up in value and this may be a viable option.

26 October 2024 | 4 replies
Was working with the property management company for two years.

25 October 2024 | 11 replies
Have you thought about the types of properties you want to invest in and the strategy you want to use to make a profit via said property?

26 October 2024 | 2 replies
His housing allowance is $1,000/mo and with so many lake properties (Lake Oconee / Sinclair) $1,000 a month doesn't seem to go very far.

18 October 2024 | 7 replies
I had 2 rental properties in Chicago.

16 October 2024 | 3 replies
Don't think you need to buy the first property that comes your way (I did that initially...actually just sold it at a break-even after all expenses).

20 October 2024 | 3 replies
For instance if it's $5000 in furniture and you are netting $500 a month then it's 10 months before your buyer sees any actual income.

16 October 2024 | 9 replies
You’d be shocked by how little actual screening many PMC’s do!

21 October 2024 | 4 replies
However, there are so many options, it almost scares me… Some options I have to be an actual agent and some I don’t.