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I just became a first time landlord, and I'm wondering what you guys think (I posted most of this in new member intros, but at the speed the forum moves I think posts get only looked at by a few locals, so I hope it's...
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I have a tenant in Maryland in one of my condos that the air conditioning is being turned over but not yet on. Due to the heat they noted they had to stay in a hotel and want to get reduced rent.
It's my understandin...
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My question... how do you all know how much reserves is enough?? What is "safe" or responsible to start? I've read 6 months reserves on all fronts, but I've also read people "making it" with zilch to their name. Do yo...
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Does anyone invest in and manage homes that have old or antiquated plumbing systems? Many of the 2-4 multi-family homes in my area have cast iron drain/waste pipe and galvanized water supply pipe. It's not uncommon ...
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Trying to figure out what my 1st property will be in charlotte and looking for pointers. Im open to STR/MTR/LTR in charlotte. I know that the market for LTR & STR is super competitive here, so not sure if its wise...
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Hello all!I am looking for information related to several aspects of multifamily investing and I'd like someone with actual experience to answer these questions:What are the typical closing and other transaction cost...
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We're just back from a few days scouting in Waikiki and are about to give up. A $500k 1 bedroom condo would generate approx. $40k/year, and after tax, PM, HOAs and loan, cashflow is negative. I know some of you are ha...
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I am a newbie to the investing world. I have read many books on the topics, talked to many brokers, etc. My specialty is in real estate insurance so I know a little bit, but from a different angle. The holy grail that...
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Good evening,
I purchased a townhome in Houston, Texas in August 2020, locked in at a 3% rate with a low 5% down payment on a conventional loan for $284k. I currently sit at $258K to go on the mortgage and did this t...
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I'm in the process of selecting the market I'd like to invest in for rentals. I live in Los Angeles, CA and will be investing out of state. What criteria do you look for in a city/market? What resources do you like to...