Sonja Montielh
New to investing but excited to start!
27 June 2024 | 3 replies
Here are some tips and insights to consider as you begin building your real estate portfolio:Options:Refinancing: If you have equity in your condo, consider refinancing to access funds for future investments.Investment Loans: Explore options like conventional loans for financing future rental properties.HELOC: Depending on your equity and financial situation, a Home Equity Line of Credit (HELOC) could provide flexible financing for down payments or renovations on new properties.Build a Financial Strategy:Budgeting: Create a detailed budget that includes mortgage payments, property taxes, insurance, and maintenance costs for your rental property.Cash Flow Analysis: Calculate expected rental income versus expenses to ensure positive cash flow.Emergency Fund: Set aside funds for unexpected repairs or vacancies.Research the Rental Market:Location: Choose rental properties in areas with strong rental demand and potential for appreciation.Tenant Profile: Understand the demographics and preferences of renters in your target market.Market Trends: Stay updated on rental market trends and local regulations affecting landlords.Property Management:Self-Management vs.
John Kubilis
Legal Bedroom Definition - Worcester, MA
24 June 2024 | 20 replies
Secondary is to raise potential rents for when I move out soon and rent it.
Alex K.
How are you guys investing in Los Angeles
26 June 2024 | 11 replies
Thank you, AlexAlex, welcome to most interesting real estate market in the country!
Arda Bircan
Material participation hours for STR Tax Loophole
27 June 2024 | 10 replies
Here are some additional activities that count, toward real estate professional and material participation hours.Research market for real estate transaction opportunities; current office market rates; terms of financingMaking offer contracts for properties that you end up buyingNegotiation for acquisition of rental properties that you end up purchasing; including directing due diligence and managing financial projections/business plansObtaining financing for properties that you purchaseProperty inspectionsAdvertisingMeeting with Prospective Tenants/showing properties to prospective tenantsNegotiate, obtain, & review proposals and contracts with vendors (insurance, utilities, etc) for property servicesReview and Negotiate The Terms of Sale AgreementsStaging and Decorating3rd party contractor, vendor, or service provider supervision
Adam Bartomeo
SWFL Months Of Inventory Drop But Not Because Of Sales - Cape Coral, Ft Myers, Naples
26 June 2024 | 4 replies
I am submitting 5 - 10 offers on SFH's each week in hopes of taking advantage of the current market and to take advantage of the future market.
Ray Loveless
Is Ohio a landlord friendly state?
27 June 2024 | 47 replies
Also, since you’re considering Ohio the Akron and Cleveland markets are great too!
Thomas Delisle
First time buyer
26 June 2024 | 5 replies
Then look at what amount of capital, time, and energy you can deploy which will help determine your market.
Brian Cannon
Seeking insights from Cash Buyers in Dallas
26 June 2024 | 3 replies
Any tips or insights navigating the current market conditions?
Blanca Munoz
Single family home but just found out about the BRRRR Method
26 June 2024 | 16 replies
However, only do this if the property is below market quality and you are bringing it up to market quality.
Daniel Mendez
Landlords, how much do you charge to hold a unit for a potential tenant?
27 June 2024 | 3 replies
@Daniel Mendez As much as possible.If we do a holding agreement to take the unit off the market we try to get them to pay the first month rent and any other move in costs other than the security deposit, which they pay at lease signing.