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9 July 2024 | 3 replies
I have been finding tenants thru Facebook marketplace, been lucky so far, but I’m plan to buy more properties and manage them myself, how do I find and screen them more professionally without paying anyone
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8 July 2024 | 7 replies
Sorry, forgot to mention, on the fees (origination, etc) what I meant was I wanted to avoid paying those.. which is why I wanted to self fund.
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14 July 2024 | 17 replies
What kind of purchase price should we budget if we want to pay 25% down and have 6 months in reserve.
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12 July 2024 | 9 replies
@Bunti PapuI recommend finding an accountant who specializes in real estate taxation and tax planning to learn about STR tax strategies.
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12 July 2024 | 7 replies
This is usually based on the proportion of the down payment, mortgage payments, and other costs each party contributes.Financing Details: Define who will pay for what.
12 July 2024 | 3 replies
On the other hand, if I do go through insurance, they might find reasons not to pay out, resulting in another zero-dollar claim.Do you have any recommendations for where to find a reliable, trustworthy, transparent, and accurate insurance company or agent?
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12 July 2024 | 10 replies
Our housing expense saved is $1,359 or $16,308 per yearThis makes our Total Net-worth ROI (NROI) much higher.NROI= ($9,556+$16,308) $75kNROI= ~34.4%These numbers will only get better if/when we are able to refinance to a lower rate and more principle pay down.Any other successful house hackers out there?
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12 July 2024 | 4 replies
STR's require immaculate staging, marketing, and appeal to younger, high-earning audiences who will happily pay $300-500 / night for a "unique experience".
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9 July 2024 | 4 replies
While the units look to cash flow, for the next 5 years we plan on using that cash flow for any extra expenses over and above what we would forecast for the maintenance, repairs, and capex items for the properties since we already have W2 jobs we plan on keeping for at least the next 5 years.
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11 July 2024 | 7 replies
My preference is garden style.What sort of business plan are you looking at?