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14 May 2024 | 8 replies
It may be cheaper in $$$ but it will cost you way more in time and effort.
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13 May 2024 | 5 replies
You probably need 10% for a down payment plus closing costs which could be another $10-20k.You can put in an offer contingent on selling your own property.
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14 May 2024 | 16 replies
Multi-family is going to cost more than a single family home and might require a larger down payment.What is your goal exactly and what does a little bit of cash flow mean to you?
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14 May 2024 | 21 replies
What matters is positive and growing NOI, controlled interest expense, and controlled capex and improvement costs.
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13 May 2024 | 21 replies
Can try to reposition to Class B, but neighborhood may impede these efforts.Vacancy Est: Historically 10%, but 15-20% should be used to also cover tenant nonpayment, eviction costs & damages.Tenant Pool: majority will have FICO scores of 560-620, many blemishes, but should have no evictions in last 2 years.
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13 May 2024 | 3 replies
If a property is considered uninhabitable, the Landlord must provide the tenant a hotel at no cost to the tenant (this much is a preexisting requirement).
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13 May 2024 | 7 replies
I was not sure on the way to decide on a price, nor to estimate the repair cost.
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13 May 2024 | 4 replies
So you’ll be deducting 1/27th of the cost per year.
13 May 2024 | 4 replies
Meaning, when it came time to actually sell the property, (for tax purposes) the cost basis of the property was reduced by the full depreciation amount, reducing the amount of capital loss (which could be used to offset more profitable investment).5.
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13 May 2024 | 4 replies
Either one would be our primary residence, so down payment and closing costs are fairly the same.