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30 April 2024 | 28 replies
I actually had to get enough units where I could offer tenants multiple housing options when I purchased properties rented at way under market rates and then (an embarassing number of times) personally watch tenants that would "suffer" from a rent increase turn down smaller (but nicer places) or nicer places in a less prestigious zip code (sometimes only minutes away) before I realized that I was hampering my ability to earn a living in order to subsidize the lifestyle choices made by a some random stranger that happened to live in a property I bought.
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30 April 2024 | 2 replies
Ideally, my buyers are fully employed and financially liquid foreigners - be it from the US, the UK, central and northern Europe - either a single person or a couple with 0-1 kids, looking to live there right now, rent it out as an investment and then sell it, or use it as a future base for retirement.
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30 April 2024 | 14 replies
It's like a person who has serious stomach issues but refuses to go to the doctor because they're afraid they'll be given a terminal diagnosis.
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30 April 2024 | 21 replies
I'm going to be that person who asks if you might be willing to also send me the same files?
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30 April 2024 | 14 replies
what happens if one partner wants to exit the property in the future and the other person doesnt ) 2) consider buying and financing it as a rental property or using a DSCR ( debt service coverage) type loan 3) consider additonal co borrowers that are strong ( relatives ) 4) obtain a new job that has a salary that can be used 5) wait to buy unitl you have the seasoning for the variable income
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30 April 2024 | 43 replies
Personally, I'd say find a market you want to go after.
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29 April 2024 | 32 replies
If it was me, I'd go there in person and DEMAND my money back, especially if it was misrepresented and they did nothing they were supposed to do for you!
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29 April 2024 | 4 replies
It's an exciting but complex decision, and I'm reaching out to this community to gain insights, advice, and maybe learn from personal experiences.Pros and Cons:I've identified several potential pros and cons but would love to hear your perspectives.
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29 April 2024 | 29 replies
This helps them see it’s nothing personal, just math.Keep Learning: Laws about renting to people can change.
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29 April 2024 | 8 replies
This way if you don't like the work, you can move on.If the idea is not to pay anything, then that person needs to bring in money as part of the deal.