Duarte Marques
Thoughts on buying section 8 rental property as first rental property?
6 February 2024 | 5 replies
The few vouchers that actually exist very rarely move and while the idea of collecting more rent than the regular market would provide is of course intriguing it just doesn't work that way.
Erin Wamsley
Why use quit claim instead of warranty deed to transfer to LLC?
6 February 2024 | 12 replies
A quitclaim deed provides minimal protection, while a warranty deed offers more comprehensive assurances.A quitclaim deed transfers whatever interest the grantor (seller) may have in the property to the grantee (buyer).
Leon Lee
Caps on Utility Bills for MTR Guests?
6 February 2024 | 4 replies
We can always front load and provide the information the best we can, but I have yet to find a way we can have tenants feel the same sense of ownership that we do for our properties.
Nay Russ
Looking to purchase first Rental property (need help)
6 February 2024 | 38 replies
(Once again, the feds have made it harder and more expensive for smaller investors)Cash to close:~$56,000(seller pays closing costs)Rental income: $1,600cash flow: $79 /monthCoC ROI: 1.71%CAP rate: 6.8%You could maybe negotiate and get these numbers a bit better, but that's about what I would expect in the 'turnkey' realmThere are much better deals (on paper) available, but you begin to tread into higher crime areas where the tenant pool is not great, and the associated costs of theft and vandalism expenses, and the expense of mitigating theft and crime (security cameras, caging in AC units, providing off street parking) are difficult to manage for a beginning OOS investor.Or they may require some rehab of some kind to make it rentable.ALL that being said, if you ever want to connect and learn more about my market, reach out!
Adam Marx
SpaceCoast - 2 Questions - Foreclosures and GC's
6 February 2024 | 3 replies
GC's are not going to provide a free estimate on a target property.
Satya Veer Bandaru
I am first Time home buyer
7 February 2024 | 11 replies
Here are some questions and considerations I have:Understanding Subto Financing: Can anyone provide a clear breakdown of Subto financing, particularly from the perspective of a first-time home buyer?
Jonathan Rivera
Investing remotely out of state
7 February 2024 | 21 replies
Personally, I invest in Columbus, Ohio, and I'd be happy to provide you with a list of contacts in Ohio to assist you in assembling your team, especially a reliable contractor since you are looking to BRRRR.
Javier Pompa
Tenant Property Damage - No Deposit
5 February 2024 | 2 replies
I was not home when it occurred, and to their credit, they informed me via text as soon as it happened provided photos and apologized.
Todd Hotes
Triple Net Leases
6 February 2024 | 3 replies
This can provide stability and reduce the frequency of tenant turnover, offering a steady income stream over an extended period.Challenges:Tenant Dependency: The success of a NNN lease heavily relies on the financial stability of the tenant.
Catie Fihn
Noise Complaints - What Do We Do?
6 February 2024 | 6 replies
Your job is to provide a quiet living space.