14 August 2018 | 7 replies
.; he provides seller’s reports so I can better analyze the deal; if something looks good, I get my contractor involved and we all talk about it.My agent and I also have an understanding that I need to network with other agents to increase my deal potential, he gets that.
18 August 2018 | 3 replies
I try to pick up a rental every year or two with conventional loan and then rehab it to increase rents.
9 August 2018 | 1 reply
I checked on my neighbors land vs improvement value and generally it seems like their improvement value is higher than their land value.I haven’t called the assessors office to dispute that because I want to know what makes more sense: to depreciate more on my taxes or to increase my property tax bill.If I understand correctly, depreciation is roughly improvement / land value * purchase price?
15 August 2018 | 2 replies
Ask for the cost difference on the added liability coverage - generally it is not that much to increase this limit.
9 August 2018 | 2 replies
We have quickly realized why the BRRR strategy is awesome for being able to scale faster.It will be some time before we have enough cash to buy a property in cash and fund rehab costs.However, with the renovations we did on our primary residence and the increases in the market, we could probably access around $100k of equity thru a HELOC.I understand the risk of having the HELOC maxed out when the market starts to decline, but what about just using it as supplemental funds for acquisition/ rehabs and then paying it mostly down after refinancing the properties..any negatives?
9 August 2018 | 5 replies
This have been difficult for me because I have not yet done a transaction, I’ve sold some homes as a Realtor, but I feel like with how appreciated our market is, the price I would pay for the 4 units would be higher than the rent (unless new paint, carpet, and appliances were added - then I could increase the rent)...my biggest area of difficulty though is the MATH.
10 August 2018 | 18 replies
Sounds like if the eviction process becomes more costly and difficult, that would wipe out any positive benefit from collecting the option fee or having increased rents or whatever.
16 December 2018 | 10 replies
My current focus is to continue to increase my real estate knowledge through BiggerPockets forums and podcasts.
19 August 2018 | 12 replies
Owner ask $950kProperty tax is about 20kMonthly rental is about $7,700Tenant pay insurance and tax increase base the first year.Is this good deal ?
15 August 2018 | 81 replies
I personally welcome an increase in DOM so to help my long-term investment opportunity.