15 February 2022 | 5 replies
Think of it this way, you can get a short seasoned loan for 75% of the current appraised value (LTV) versus 75% of the amount of money you spent (including rehab costs - but are a pain to qualify) on the property (LTC).
24 February 2022 | 37 replies
@Tony Antonelli thanks I use nexo and get 12% atm on my stablecoins but cashing out is a pain and fees kill my gains
12 February 2022 | 2 replies
Some of these companies that charge $20 can take the fee automatically from the tenant but it won’t auto link with apartments.comIt’s a real pain for people that self manage.
14 February 2022 | 3 replies
It is a pain to snow plow; there is little space to push the snow and we have asked probably 10 different plow guys all who don't want to deal with it.
9 March 2022 | 6 replies
With the increase in prices for gas and other necessities, I'm sure my tenants are feeling the pain, so I will probably not raise rents at this time.
21 February 2022 | 12 replies
My wife and I recently closed on our first and are going through the growing pains of figuring out how to maximize our rents with Mid Term Rental tenants.I just wrote up a post on our purchase here: https://www.biggerpockets.com/...Would be happy to share what we've figured out and would like to invite you to our monthly meetup in Tysons Mall on the first Thursday at 6:30pm.
16 February 2022 | 6 replies
My question is should I sell one of my rentals that has been a pain but has all the bugs worked or should I cash out refi this and another property and buy the three new ones.I did refi these two when rates were really low (3.1% and 3.3%) but never took equity out.
18 February 2022 | 79 replies
And always beware property managers; they can make your life a money losing pain in the ***.
19 March 2022 | 13 replies
$300 per month more means that if your turnover cost is less than $3600, it will take a year to recoup the turnover cost, but, the compounded returns in year 2,3,4,5,etc will be worth the pain now, IMHO.BUT, if you are gonna be out 2 months rent $3600, $5k renovations/updates, it will be 2.5 years to recoup the difference, or if its 3 months and $10k....you can real quick have scenario where it takes 5 years plus to recoup the costs of turnover via the increased income...ALSO, another potential factor is if you need to refi soon to pull cash out, the higher income will potentially equate to higher value and loan amount, so the turnover expense now could easily help generate a large untaxable capital inflowGood luck!
21 February 2022 | 5 replies
take stock of those problematic items and replace them, especially the ones in the walls that will be a pain to do maintenance on once a tenant is in place.Also think about tenant proofing your property.