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6 May 2021 | 0 replies
I am writing this in the heat of the moment while getting ready to go out of town so I've done less front legwork than I might normally. Does anyone know anything about the situation with these two companies? We own...
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8 July 2021 | 17 replies
A lot of moving parts with the four units, the burn letter, tax records, layout, etc.
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8 May 2021 | 4 replies
With RVM, I actually have to listen to enough of your message to decide that you're a spammer before deleting.You force me to have to deal with your unwanted VM.
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11 May 2021 | 9 replies
Kinda felt bad for the seller (~10k repairs in total), then again an electrical box burning the house down since it was from the 70s with a recall for such, we were quite shocked the seller didn't care in selling discussions taking the mortgage company backing out to make the repairs happen.
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7 August 2021 | 18 replies
If you overpaid, AND have to put in 10-20k of repairs above and beyond that, you can get burned.
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15 August 2021 | 30 replies
While properties are often less-expensive in other area the rents are also significantly lower and the cost to clean, paint and purchase materials and items at Home Depot and other store is the same in every area and every state with the exception of Alaska where everything is 20% to 30% higher.There are two old saying I heard many times, "don't spread yourself too thin" and "don't try to burn the candle at both ends".
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28 September 2021 | 30 replies
Even though this may not be written in your lease agreement this is the set of rules you burn into your brain and you don't deviate from your own rules.
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6 August 2021 | 0 replies
The group noticed that “as demand for more space and outdoor amenities remains, detached rentals, in particular, are experiencing accelerated growth with a 7.9% year-over-year increase in April, compared to growth of 2.2% annually for attached rentals.”A more recent report from the National Association of Realtors explained that average American home prices in June 2021 reached $363,300 — a 23.4% increase over the average of $294,400 in June 2020.As CNN Business writer Hanna Ziady summarized, rapidly rising rent and property values are drawing Wall Street investment banks to the housing market:According to John Burns Real Estate Consulting, in the first three months of this year, nearly a quarter of all homes sold in the United States were going to investors.
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9 August 2021 | 19 replies
What we do is we go and we break the burn rate down so we go and we say okay you got 30 days in a month um what's that 2000 divided by 7 or divided by 4.3 which would give you your month and that's going to give you your weekly burn rate and then we go into a daily burn rate.
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11 August 2021 | 12 replies
It works best with owners that want out of real estate, either through retiring or burn out.