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29 January 2025 | 24 replies
Focus on analyzing properties and starting small, like house hacking or buying a single-family home to rent out rooms, while ensuring cash flow and maintaining an emergency fund.
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16 January 2025 | 16 replies
Our system is super sensitive to what it perceives to be spam, and will shut you down.
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3 February 2025 | 56 replies
On average we have spent about $60k to reset the clock on a 1960's single family home.
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13 January 2025 | 5 replies
One golden rule I follow,if it takes a long time to fix/replace when it breaks, don't buy a cheap one.Imagine, this thing breaks in the middle of your peak season and the people who can come out to rebuild are 2 weeks out....It takes at least a day or two to build something like this even if you are super skilled.
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21 January 2025 | 12 replies
For starters, I recommend to begin with a single family home or if you are looking to start locally, do house hacking.
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13 January 2025 | 31 replies
From google: “The Fair Housing Act (FHA) does not apply to certain types of rentals, including: Owner-occupied buildings: If the building has four or fewer units and is owned by the person who lives there Single-family homes: If the owner rents or sells the home without using a real estate agent, and they own no more than three homes Religious organizations: If the property is only available to members of the organization's religion Private clubs: If the property is only available to members of the club Senior housing: If the property is designated for people who are at least 55 years old Even if a property is exempt from the FHA, it must still comply with the law's ban on discriminatory statements, notices, or advertising.
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19 January 2025 | 21 replies
Eventually I want to get into single family and multi family rentals.As far as effort or work on the fixers; my brother in law is quite handy and my next door neighbor has said he would help in anything that is out of my scope of expertise.
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5 January 2025 | 5 replies
Also if you have a single-family house already sometimes loan underwriters don't approve you moving from a single-family to a multifamily.
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9 February 2025 | 32 replies
Instead of debates and personal opinion, look for proof https://www.ladbs.org/docs/default-source/forms/plan-check-2017/single-family-dwelling-duplex-plan-review-list.pdf under G (Interior Env) which defines the minimum requirement of a habitable room (aka bedroom or bathroom).
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14 January 2025 | 19 replies
I think they've done a great job of building their product and if you already have a property listed on Airbnb, it's super easy to import to MiniStays (though it's not difficult to list your property there if you don't.)