2 August 2017 | 3 replies
This has 2 benefits: it should be a big boost to your new appraised value but more importantly, you have a property with new systems that all the tenants want and you have a long period with few if any cap ex costs.
5 July 2023 | 6 replies
That is a mental block I need to get past, my inclination is to demo the whole house and build a pristine new home, but of course that is a lot lower return than rehabbing a property to the point of just "good enough" and moving on.
13 January 2023 | 21 replies
If you're putting in sweat equity/forced appreciation into the deal, you most likely will be fineIt may be worthwhile having it as an AirBnb after you move out to boost your cash flows if that is something you'd be interested in I bought my first SFH house hack even though it didn't cash flow fulled rented as-is.
4 July 2023 | 23 replies
But for Property Manager Ed, $220 is a nearly 20% boost to his income and is a significant motivator.
7 August 2015 | 54 replies
I don't see how any of that makes sense.Speaking of Prop 13, you will lock in a lower tax basis by purchasing at cyclical lows, which boosts your long term profitability as well as your immediate chances at cash flow.The sales commission for the $50,000 property would be $3,000 and as long as the property is greater than a 6 cap it will cover that in less a year.
1 September 2021 | 2 replies
He's definitely going through some mental issue's and I feel bad for him but I need to take immediate action.He's now gone for 2 weeks, his unit is oddly cleaned up with furniture strategically placed to cover up certain holes in the walls.
22 March 2022 | 10 replies
Plus, they help with the hassle factor of coordinating everything and the mental load.
11 October 2021 | 26 replies
I don’t fully subscribe to everything he says, but he’s not wrong when it comes to the mentality behind what I’m saying.
8 July 2023 | 52 replies
The right to remediate is important when you have tenants with challenges (physical, mental or emotional) that interfere with their ability to maintain a clean unit
8 May 2021 | 8 replies
Buy and Hold mentality, while collecting returns.