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17 February 2024 | 13 replies
We do have a decent amount of equity on the home about 150k (current estimated value is ~315k) but since the mortgage is 15 years (which I thought was smart & would save me interest over time...) if I were to charge market rent I would break even or possibly lose a little and get no cash flow.
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17 February 2024 | 4 replies
You can take an "A" neighborhood asset in most locations and fail the 1% rule but these assets will outperform on a cap rate basis a "C" location asset that "passes" the 1% test if the analysis is not so narrow minded and includes actual expenses, cap ex and vacancy.
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17 February 2024 | 5 replies
The part about 1 major repair could break me is the part I’m afraid of.
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17 February 2024 | 40 replies
Hope to sell for 180k, terrible. not including the 3% fee, terrible
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18 February 2024 | 2 replies
Charge the tenants a higher rent rate and include utilities with their rent.
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17 February 2024 | 25 replies
I had intended to let it go but not now that he is still there and does not appear to care, was rude to our son, keeps breaking his word to get out and now we are well into February - yet another month without rent.
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17 February 2024 | 2 replies
Or are they included in the rent?
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17 February 2024 | 2 replies
I think zillow has included these in my 1099 they send me..
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16 February 2024 | 14 replies
A tree near a sewer line will still likely find a way to break into modern plumbing, etc.Again, good to be aware, but when I read things like this, I can't help but see the inverse of "modern homes have no issues", which is not true, either.But to add one: box gutters.
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18 February 2024 | 9 replies
So the alternative would be stepping out of my comfort zone and buying in another market where, theoretically I can get the same returns on an already built property including management fees.