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3 May 2024 | 33 replies
In addition to it being illegal (ask investor friendly closing agents, transactional funding premise is to provide separate funding), this process of closing on BC first then AB will create a clouded title wouldn't it (rhetorical)?
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2 May 2024 | 9 replies
These are professionals with additional training and a stricter code of ethics.
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2 May 2024 | 0 replies
Additionally, the record number of apartment unit deliveries in recent years has led to increased supply, putting downward pressure on prices, occupancy rates, and rent growth.Operational costs have also been on the rise, further complicating the financial outlook for multifamily properties.
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2 May 2024 | 4 replies
It seems like at this moment you need active income.Real estate can generate income for you but it takes time.
2 May 2024 | 4 replies
Additionally, while it may be tough to hear, age can be a factor in this industry.
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1 May 2024 | 22 replies
If the money were sitting in the bank, you'd make double the income without tenant headaches.
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2 May 2024 | 10 replies
I would definitely mention in your property description that the property comes turn key, and offer to show the properties rental history/income.
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1 May 2024 | 27 replies
hi all, i’m newish to BP boards, thank you in advance for sharing your opinions + experience.i’m looking for opinions about how helpful an additional sleep number is in the income + rentability of an str.i’m potentially purchasing a 3 bedroom, 2 bath property which i will STR + also live in part-time.ideally, i’d like to have:*a king bed in the master bedroom*a queen bed in one bedroom*a queen memory foam pullout sofa in the third bedroomthis would be a 3 bedroom that sleeps 6this is my preference for:*general look of the house / not a house full of beds*number of guests/noise/cars*septic*would allow me to create a cute ‘chill out’ space in an extra bedroom-sized nook elsewhere in the house, which i think would be appealing to travelers.
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2 May 2024 | 1 reply
Watch out for fine print that requires an additional fee at closing - this is a huge red flag and how most flat fee companies make money.
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2 May 2024 | 5 replies
Accepting a reduced rent in lieu of making monthly payments to the water company would be one way as that would reduce my net rental income.