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21 February 2018 | 5 replies
I also like the idea of investing in York because of the lower barrier to entry given the lower prices of homes.
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21 February 2018 | 8 replies
Interest rates are lower than inflation!
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20 February 2018 | 5 replies
It's not an exact match to your situation, but it has similarities, and I think you'd see tenants just as happy with baseboard heat that could increase the temperature ~10-15 degrees as you would with completely separate furnaces, with a MUCH lower upfront cost.I think the main thing to consider is how long you're planning on holding the property.
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20 February 2018 | 2 replies
It's a 3 unit 129k with a new roof, new windows, new flooring, My mortgage will be roughly 1200/month, if I can rent the other two units for 1200/month, then I live for free and have an extra +/-$1200/month to put away every month as well as the income from my full time job, even at 100% vacancy, my mortgage is lower than buying a single family home and also lower than renting.
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21 February 2018 | 3 replies
I follow the logic - larger units, families with kids, lower crime rates.
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6 March 2018 | 19 replies
Again, other investors may set different goals... for instance, someone who has been in the game a while and gotten really good at finding amazing deals and managing their portfolio super efficiently might not accept lower than a 15 to 20% CoC Return.When it comes to some of the "rules of thumb" like the 1% rule and the 50% expense rule, these are really more quick analysis tricks to help you understand whether a property is worth looking into further... not final criteria for whether or not you should buy.
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20 February 2018 | 1 reply
Less liens won, dollar amounts down and number of investors who won was also lower.
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15 July 2018 | 22 replies
@Jacob Price I see what you mean, that is a pretty good ROI for nearly no maintenance I was just comparing it in my head to if I put I home on it and the lower rent didn’t seem as appealing.And as far as access it is actually the corner lot on Coyote Trail and Fawnridge drive if you reference the area.
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23 February 2018 | 40 replies
So lower taxes, no tenants to manage and he avoids capital gains- right?
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20 February 2018 | 2 replies
I can probably make it such that W2 is slightly lower income.Or is it based on time spent?