Maddison Martin
Unique situation I am in, possibly buying my landlords triplex in Belmont Heights
27 May 2024 | 4 replies
Not all investors share the same goal.If it's strictly positive cash flow, you're going to have a tough time meeting that goal while living in one of the units these days in Belmont Shore.Under the current economic decisions, if you're going to live in one of the units, a more realistic goal might be to subsidize your mortgage with the other two incomes to bring your mortgage payment down, build equity, ride the market appreciation, force some appreciation of your own, refinance when rates are in your favor to crush the mortgage payment down, and keep positive cash flow for a long-term goal.Belmont Shore is a nice area where homes hold their value well and enjoy good appreciation as well as strong rents and in general, the type of renters landlords are looking for.Belmont Shore is also a good area for short-term rentals and you may want to consider renting one unit as an LTR and the other as an STR.Ultimately, your situation is going to dictate whether this triplex is a good investment for you and your husband but as a Long Beach resident, I know that Belmont Shore is an area that people aspire to buy a home in.
Agustin Silveyra
Best zip codes to invest?
27 May 2024 | 7 replies
I go to city spotlights to see whats going on where and there is ALOT of development and Redevelopment.
Brandt Tingen
Vacation Rentals in Poconos PA
26 May 2024 | 16 replies
@Brandt Tingen we have a timeshare, and it seems like the Poconos are always able to be exchanged there, where as other places are really hard to get into and always booked up.
Kaitlyn Alibrando
Property Management Software with Maintenance Support
27 May 2024 | 3 replies
Looking forward to reading some of the responses.While you wait for recommendations, I suggest using the search icon to look up "rentredi" and "hemlane", another platform for PM that has a feature for maintenance coordination.The search results will show past forum posts where members chime in on the subject.
Sharon Porter
Having a Tenant helping with maintenance
27 May 2024 | 9 replies
I’ve had a similar situation where one tenant blocked off about an acre of a property preventing the other tenants from accessing it.
Mohammad Fanaei
How is DTI Ratio Calculated for Buying Second Househack?
26 May 2024 | 6 replies
I am looking at 2- and 3-family properties in towns closeby, where the taxes and rents are different, and do not want to ask the lender to run the numbers for every option.If anyone can help me figure this out, I would greatly appreciate it.
David Lamb
The FLAW with BRRRR -- The 3rd 'R' - Refinance
28 May 2024 | 26 replies
This is where purchases aimed at appreciation without good cash flow could keep you from qualifying for future loans.
Joshua Hughes
HouseHacking by the Room gone bad
27 May 2024 | 4 replies
That is where you make the move to evict or warn then evict.
Gabriella Nataldie
Beginner Investor with 8k In hand any advice?
27 May 2024 | 7 replies
I am not sure where I should start.So, if any of you wise individuals out there have any advice or tips to make this journey a bit smoother, I'd be incredibly grateful.
Bubba McCants
Expanding Your Real Estate Team: Best Practices for Bringing on New Agents
27 May 2024 | 3 replies
.- Institute a 30-day trial period (before introducing them to the team) where you and agent get to know one another.