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28 December 2024 | 16 replies
Quote from @Jim Bryant: This is why it's important to understand how the legal system works before investing in an area.
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18 December 2024 | 9 replies
I'm happy to hear my experience isn't unique!
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20 December 2024 | 9 replies
This is why I stress the importance of knowing the laws and the strength of the legal system before investing in a particular market.
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15 December 2024 | 4 replies
However, I’m increasingly excited about starting a unique stays/glamping business.
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27 December 2024 | 34 replies
ONe its not guaranteed your renters can and do get kicked off the system for violating the policies.
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20 December 2024 | 3 replies
Create systems and processes right off the bat.
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16 December 2024 | 5 replies
NJ investor myself - happy to help you navigate these unique waters!
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25 December 2024 | 11 replies
If one or more units are vacant, the remaining units often don’t provide enough cash flow to cover expenses, making it harder to meet operating costs.Maintenance costs: A fourplex comes with four times the appliances, plumbing, HVAC systems, and other components to maintain, leading to significantly higher repair and maintenance expenses than single-family homes.If you want to see the detailed calculation, read this BP blog - More Units Doesn’t Mean More Money—Why a Single-Family Home Can Beat a Fourplex.Resale value: Multi-family properties have a limited buyer pool—mainly investors—who base their offers on CAP rates.
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17 December 2024 | 1 reply
Highlighting unique property features is essential.
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18 December 2024 | 5 replies
For example, one municipality local to me requires a sewer inspection because some houses still have gutter downspouts tied into the sewer system which is improper.