12 July 2020 | 5 replies
ASK A LAWYER IF THIS IS ACCUARTE:If you rent to someone who works for you, you can't charge them more than the cost of renting the place to them, and that's only if it's not for your benefit.If it IS for your benefit, now you know why most supers don't pay rent: it's not kindness, it's the law:https://www.law.cornell.edu/uscode/text/29/203So whatever it costs YOU (not market rent) would be the limit you can charge in the best-case scenario, and it's possible you might not be able to charge them at all.
1 June 2020 | 4 replies
If it is super tight and the garage is needed to park cars, then it could possibly affect your value.
25 August 2022 | 14 replies
It should be super easy barely any inconvenience today.
8 September 2022 | 21 replies
More time to read BiggerPockets.It's all about your risk tolerance and whether you want to get rich super slow or want to move things along faster.
9 September 2022 | 3 replies
My goal is to really add value with a quick video every week so these great suggestions are super helpful!
24 October 2018 | 6 replies
I use an excel spreadsheet which can be found by googling: Michael Blank's analyzer.No matter what, you should get very comfortable with the Cap Rate, NOI, Purchase Price formula.Cap Rate = Annual NOI / Total Purchase PriceAnnual NOI = (Income - Operating Expenses) * 12Once you have a handle on that, then I would move on to learning how to get those numbers which go into the formula:Here's a good summary of valuing a multifamily property: https://www.biggerpockets.com/renewsblog/2013/04/0...Here is a lengthy and super detailed blogpost on the same topic.
24 March 2019 | 68 replies
That is a super interesting perspective and had not really though about the Real Estate market with higher liquidity around new construction and lower liquidity as you get further away.
11 March 2019 | 27 replies
Get yourself a couple good opening lines and then just get super interested in whatever they have to say about it. what do you do for work?
10 March 2019 | 27 replies
I also have had the luxury of making and revising my lease template over the years, transforming It into a SUPER LEASE!
28 August 2022 | 11 replies
If you come at this with an honest passion, you can do super well.