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17 May 2016 | 1 reply
The same numbers rules apply, but some additional things to look for:Metering (same meters or separate), if separate allows you to easily split utility bills among tenants.Sewage systems connected or separate (helps with plumbing repairs and whatnot).Rental rates and if they reside on a street with mostly rentals or by themselves.
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17 May 2016 | 6 replies
(they will see this easily on your bank account statement) When I say you need to save up for the 3.5%, you really need to save it or get it in the form of an approved source for FHA downpayment assistance.
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17 May 2016 | 4 replies
Appraisers can literally use any comp they want and can easily change the value up or down so significantly its ridiculous.
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22 May 2016 | 9 replies
The key is you can make your place easily stand out against your competition.
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20 May 2016 | 4 replies
If the toilet isn’t running, then tenants don’t catch the small leaks, which are easily overlooked and barely audible.
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24 May 2016 | 8 replies
Also I think the climate change argument is BS, we have Alberta oil companies using inefficient practices generating a lot more pollution.Also on global scale as much as we can possibly pollute is really nothing, we have such an extensive amount of vegetation our carbon footprint as a country is easily a positive one in relation to our relatively low population.
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19 May 2016 | 11 replies
If you spot a particularly good bargain property that you can add value to easily and have a couple of thousand available to you you could look to do a bridge do up, let out and refinance strategy.If I were you I would go to a local property investor meet a few times and talk to people.
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28 May 2016 | 15 replies
Since it's a partnership, however, you may still want to run your operating agreement past your CPA to make sure that your disbursements are logical and that he can easily issue your K-1s and maximize your tax advantages.
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18 May 2016 | 4 replies
It's been a great two years and now I am looking to expand my portfolio and my knowledge.
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18 May 2016 | 4 replies
I'm currently expanding my role as landlord jack-of-all-trades in an attempt to take advantage of my nights, weekends, and the skilled labor of people who have done work for me in the past, but don't have the infrastructure in place to formalize their own business plans and processes.Frankly, I would prefer to be a contractor full-time, but I haven't yet built up the pipeline I believe is necessary to allow me to quit my current W-2 job.