April Birdsong
Need help with Tenant Decision
19 July 2024 | 5 replies
This can be a real money-maker, but you need to know what the risks are, how to mitigate them, how much to charge for rent, insurance requirements, and more.Honestly, the couple relocating sounds like the best option.Here's a tip: don't reject applications just because someone else started one.
Sam Huang
Investing in new construction in Tulsa, OK
18 July 2024 | 4 replies
We are real-estate investors from CA & trying to pick an OOS market with Tulsa (stable economy and future outlook, modest appreciation & reasonable cash-flow).We heard from family/friends about new construction duplexes around the Tulsa metro targeting investors.
Zeliang Zheng
Investor networking event in greater DC area?
17 July 2024 | 3 replies
Does anyone know any networking event for real estate investor in DC area?
Christine Helgemo
Texas Real Estate Attorney
13 July 2024 | 6 replies
Hello everyone,We are new to Texas and are looking for a real estate attorney to review our asset protection strategy and possibly help us set up a series LLC for our rental properties.One attorney that we are considering is David J.
Sam Trulli
Duplex vs Single family House Hack
20 July 2024 | 32 replies
This can help offset your mortgage and other expenses.Single-Family Home: If you choose a single-family home, you may have the option to rent out rooms or a separate unit if there's space, but the income potential might be lower compared to a duplex.Affordability:Duplex: Financing a duplex might be more challenging, but the rental income can assist with affordability.Single-Family Home: Single-family homes might be more accessible for first-time buyers, but you won't have rental income to offset expenses unless you choose to rent out a portion of the property.Property Management:Duplex: Managing a duplex involves dealing with multiple tenants and units, which can be more time-consuming than managing a single-family home.Single-Family Home: Managing a single-family home is typically simpler since there's only one tenant.Privacy:Duplex: Living in a duplex means you'll share a building with tenants, which could impact your privacy.Single-Family Home: Offers more privacy as you won't be sharing the property with renters.Market Conditions:Duplex: In some markets, duplexes may offer better appreciation potential and cash flow due to the rental income.Single-Family Home: Depending on the location, single-family homes may have better long-term appreciation potential.Long-Term Plans:Duplex: If your goal is to accumulate rental properties, starting with a duplex can be a good way to get into real estate investing.Single-Family Home: If you prioritize a more traditional living arrangement and don't want to manage rental units, a single-family home might be a better fit.
Will Ervin
Private Money in Houston, TX
17 July 2024 | 9 replies
@Will Ervin Try local real estate investor meetups.Key data points that any lender (HML, private individual lender, or other) will want to understand about the project are:- Property type (e.g.
Ariel Thompson
Mobile Home Contract
13 July 2024 | 2 replies
If the mobile is treated as permanent and has a mortgage, you may be in violation of the real estate agency laws if you are not an agent.If the mobile still has wheels and is not treated as real estate, it is most likely a vehicle, and is like selling a car.
David Toney
1280 W 29th St Short Term Rental (Transitional Housing.)
17 July 2024 | 1 reply
Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?
April Gross
New to the forum
17 July 2024 | 8 replies
My name is April Gross, and I am a new Real Estate Agent in Brevard County Florida.
Yusef Wakeel
Deciding if this is the right time for first time live in house hack
15 July 2024 | 10 replies
I feel stuck because I want to get into real estate but I really dislike my job.