How do y'all feel about the new STR rule? It says that you have to purchase a license for running STRs and also can only have 2 rentals with one being your primary residence. And you have to be an Atlanta resident too.
We've probably heard of the 1% and 2% rules. What general eyes tests do others use.
I live in northern NJ. I have 2 initial tests.
1. I ideally value a property at 8 x annual rent. I don't factor in rent increase...
Hi, have a quick question for whoever may know the answer… Had a property for past 5 years. Had a nice positive cashflow until approximately 1 year ago when I had increase in property tax and HOA, plus had insurance ...
In my area the cheapest you can get a home is about 200k. If your lucky you score a 20$/hr job (min is 12$), and get 40k per year, and are still unable to qualify. This is a reality for most people around me, they ren...
As the topic of rent control seems to be coming back to the Alberta news I figured I would share some of my thoughts on the topic. The idea of rent control is obviously very appealing to tenant that see this as a so...
I see some landlords say they own 10 or 20 rentals. I am not sure how they are able to do that - not the loan part as I am aware there are funding structures etc. but the cash reserves part. Don't people hold some cas...
Good Afternoon All,Before COVID, I was looking in the NJ (Elizabeth and Newark) market for a multi-family property. I wanted to take advantage of my FHA and house-hack as an owner occupant. My credit is at 650, due to...
I own a property in Houston area code 77009, and the total property taxes for 2020 were $7,774.04.However, my lender added a NEW additional tax for 2021 adding $5,574 to my tax obligations as shown below:When I look a...
Hi All-I see a property on the market and want your opinion on it:1) 1980 built, Duplex , 3 bed 1 bath each. 2) Sale Price $320k County Appraisal value is $206k3) Leased for Adult care until 2023 with $2500/month for ...
Hello! I am first time real estate investor from California. I am looking to BRRRR in Columbus OH, in North Linden or any similar C+/B- neighborhood. My budget will be around $200K saved up within the next year to fin...