Adam Azam
Representing myself as a first-time primary home buyer
26 June 2024 | 3 replies
I have purchased OOS rental properties but always used an agent.
Daniela Merida Taborda
Townhouse buy and hold investment.
26 June 2024 | 2 replies
I can help you explore refinancing options in the future to lower your interest rate, especially if market conditions improve.Living in the property for 18 months while renting a room can help you offset mortgage payments and reduce living expenses.This strategy also gives you time to understand the local rental market and plan for full rental income after you move out.Fixed-Rate vs.
Daniel Ben-Hur
Buying a home every 2 years, renting the previous home out, and repeating, good idea?
26 June 2024 | 32 replies
Depends on if you've bought a house that makes an appropriate rental.
Grant Francke
Buildium and Quickbooks work flow
26 June 2024 | 22 replies
so my question is ..Buildium entered into Quickbooks HELPOur Property Management company uses Buildium for our Rental Properties.
Armand Gray
Understanding "Transfer on Death" (or similar) and buyouts for TOD contracts.
27 June 2024 | 4 replies
However, for personal reasons the tenant is no longer interested in remaining in this rental and wants to be "bought-out" of their "ownership".First and foremost, a verbal agreement just isn't going to cut it and getting a signed legal contract is the first step.
Katharine G.
STR (AirBnb/VRBO) Orlando—First Time Investor
26 June 2024 | 65 replies
Something I am currently interested as well.4BR/3BA SFH (possibly smaller if the numbers make sense)Between Kissimmee & Lake Nona area (not something like pine hills)30-45 minutes to Disney & tourist areaNo HOA or low HOAMust allow a short term rental (open to long term rental if the numbers make sense)Last property I was interested in, I found out that it only allowed 7 month leases for rentals.
Orane Jacobs
House Hacking in El Centro
26 June 2024 | 1 reply
I think the medium term rental strategy would work well here.
Timothy Zuehl
Considering Akron OH for first deal
26 June 2024 | 4 replies
I was wondering if buying a long term rental property with tenants already in place in a market that is up 20% yoy is a good investement or not. the rough numbers ive been running seem to have a decent cap rate but the house is about 15k more than the zipcode average.
Austin Nicol
Choosing a House Hacking Market?
25 June 2024 | 7 replies
Here’s a detailed breakdown of these two types of markets and the factors that contribute to each:Cash Flow Market, a cash flow market is one where rental income exceeds the expenses of owning the property (mortgage, taxes, insurance, maintenance, and property management), resulting in positive monthly cash flow for the investor.Key Characteristics:High Rental Yields: Properties typically have high rental yields compared to their purchase prices.Stable or Slow Appreciation: Property values increase slowly over time, if at all.Lower Property Prices: Generally, property prices are lower, making it easier to achieve positive cash flow.Higher Rental Demand: Strong demand for rentals due to economic factors, demographics, or local employment conditions.Factors Contributing to Cash Flow Markets:Economic Stability: Stable job markets and steady local economies that support rental demand.Rental Market: High percentage of renters compared to homeowners.Affordability: Affordable property prices relative to rental income.Local Policies: Landlord-friendly laws and regulations.Appreciation Market, an appreciation market is one where property values increase significantly over time, offering substantial capital gains upon sale, but rental yields may be lower, resulting in lower monthly cash flow.Key Characteristics:High Property Value Growth: Significant annual increases in property values.Lower Rental Yields: Rental income may not cover the monthly expenses, leading to lower or even negative cash flow.Higher Property Prices: Generally higher property prices, which can make it harder to achieve positive cash flow.Strong Economic Growth: Rapid economic growth, population influx, and development.Factors Contributing to Appreciation Markets:Economic Boom: Strong local economy with job growth and high-paying industries.Population Growth: Influx of people moving to the area, increasing demand for housing.Infrastructure Development: Significant investments in infrastructure, amenities, and services.Desirability: High quality of life, good schools, and attractive neighborhoods.I hope this information finds you well.
Colin Ghira
Buying Rental (Multi-Family) in New York State - Madness?
23 June 2024 | 1 reply
I own 19 rental units in Upstate and it's been a nightmare over the years.