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19 October 2023 | 203 replies
I think a good amount of people own 1-3 properties and are content and although they can't live solely off that profit I will still commend them as they're supplementing income and/or if not already they'll someday own a few properties free and clear that they can hold or later sell for a big payday.
4 November 2021 | 5 replies
The potential losses highlight the risks of the iBuyer business, which aims to buy and resell properties for a profit in a roller-coaster market.After purchasing 5,661 homes across 25 metropolitan areas from Austin to Tucson since the beginning of 2021, Zillow announced on October 17 that it would stop buying homes for the remainder of 2021.
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1 December 2021 | 13 replies
...continuedMy late father grew up in the rural areas where that traditional hut is usually found.We would visit grandma usually on Easter, Christmas.The homestead usually has four-five huts spaced twenty metres apart in a homestead setup.One hut is a big Kitchen where the family gathers at meal time, the other huts are bedrooms for the parents, boys, girls etc...then one other could be a guestroom as space should a visitor comeThe huts are made from logs for the walls, with mud for plastering, then thatch for roofing supported by some poles.Usually fifty metres away is cattle kraal and goat pen.Milking of cows or goats sometimes would happen early morningThese rural areas also know as reserves unfortunately most were in poor /marginal agricultural areas hence a rural to urban migration has occurred.In Urban areas the land would be most owned by the council.Some former farms where annexed as the city grew.So the the Urban Council which is the local government owns a lot of land and residents register on the housing waiting list.Over time the council flights a tender for a developer to service some of its lands for the provision of houses for those on the waiting listBy service that is add roads, water connection, drainage and sewer pipeline and connect to electrical grid.The house lots are most divided into lots 200 -300square metres or whatever ideal size.The aim is to provide affordable housing for those on the register.The house built will be inspected and approved by council at foundation, roof level and finally the council issues a certificate of occupancy when house is complete and inspected as safe and up to standardNow specifically to your questions1) Yes there are some developers who not only service the land but also build some of the houses.I don't know if they rent these out but i know they sell them, sometimes with terms.Affordable houses have a going rate of USD20/room/month at the minimum.Brick wall with asbestos roofing2) The renter/buyers of these type of house could sometimes be a civil servant (i.e teachers, nurses, policemen etc), self-employed tradespeople, diaspora (those working outside the country desirous to invest back home)3)Anything of value is their salary, profits of their small business4) Hard to build?
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8 August 2023 | 26 replies
"As we held in Optum, to be an ad, the fax must promote goods or services to be bought or sold, and it should have profit as an aim.”"
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29 October 2023 | 5 replies
I'm aiming for $2200 because Its a really good established neighborhood and the house is a 4bd/2.5ba.
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16 January 2024 | 39 replies
Also, cashflow is so heavily talked about and held so highly that if it doesn't cashflow, forget it, but I come back to success looks different for each of us, you may just want to supplement paying for your housing by having a multifamily and only paying $500 of the mortgage instead of $2,500, that's $2,000 more you can do whatever with, save it or spend it how you want, all while still doing your day to day job.
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7 January 2024 | 17 replies
Hustle hard, play smart, and keep aiming higher.
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27 December 2023 | 16 replies
Now, regarding property type:Multi-family units align with your aim for robust cash flow and diversification.
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13 December 2023 | 21 replies
The reason I started aiming my efforts at multifamily is twofold.
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21 December 2023 | 29 replies
If immediate positive cash flow is your primary aim, exploring other locations with better investment prospects might be the way forward.