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14 May 2024 | 9 replies
You will then have a few options with that rent money....you can put it into principal or you can start saving it to purchase yet another property.
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13 May 2024 | 2 replies
They are there to facilitate the purchase - now some are better than others and will spot certain things for you to review furtherBut two years after the fact not sure what recourse you haveRegarding giving them money, not sure what that is about so tough to respond to that except again what was in the agreement you signed Long story short, move on.
14 May 2024 | 7 replies
Conceptually think of house hacking in the NYC metro as a reduction in rent.It all boils down to the numbers, but if the direct property costs (mortgage + insurance + tax + capex/repairs + vacancy) - the income (rental income) is less than your rent, you are effectively saving yourself money, aka "rent saving"I did this in 2014 in Westchester county (different location, different time, different market), but effectively cut my rent in half.Regarding Basit's suggestion, I would follow this ONLY if your cashflow from the other market is greater than the "rent saving" in NYC on a per dollar invested basis.Joe
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10 May 2024 | 4 replies
If the market shifts or similar properties are selling for less, bring this up as it might make your offer more appealing.However, if after several attempts there's still no movement and you feel the deal isn’t going anywhere beneficial, it might be wise to focus your attention on other opportunities.
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14 May 2024 | 15 replies
Primer ensures no bleed through and paint can bond properly since you could br going oil/ stain to latex paint We find that getting bonding primer helps when painting wood trim and even paneling over the standard primer . . a little more money but it holds the paint and prevents pulling it off with tape.
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13 May 2024 | 2 replies
Hey all, first post here and excited to be a part of the community.I would like advice from experienced investors on their recommended incorporation structure for a business that will raise money from external investors to use in funding equity requirements of lenders in in fix/flips and BRRRR rentals.
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13 May 2024 | 11 replies
Absolute power corrupts, particularly if there is money involved.
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14 May 2024 | 13 replies
(The second was a restaurant and its building that the partner just disappeared and abandoned the whole shebang and left us who were supposed to be silent money partners to run the business.
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13 May 2024 | 38 replies
Perhaps a hidden surveillance system to catch the culprit will be money better spent.
13 May 2024 | 5 replies
Perhaps you can get a friend to lend you money as debt loan until your refinance or pull out a heloc.