We had a LOW inflation report today (7/11/24), big win!! Today's low CPI inflation report helped bring mortgage rates and bond yields lower. Headline (total) inflation for the past month was negative, -0.1%.
Core inf...
I need to lower my rental income for this year due to some other income coming in.I know I can prepay certain expenses at the end of the year since I do cash based accounting. Now I am wondering if would work to have ...
I noticed that most Auction.com listings have a starting bid that is less than what is owed.Is this just a sales tactic, or in a single-bidder scenario (unrealistic) would the property actually be let go for such a lo...
The importance of lowering expenses and increasing efficiency to maximize property income. How? Implementing water-saving initiatives is a smart way to reduce utility costs. By exploring options for cost-effective uti...
How many showings a week is considered good? Meaning that the number of showings show you have it priced well? I have seen many say “3-5 showings a week is good”. However, does that include people who wouldn’t qualify...
I am currently looking at a triplex in my area. The numbers work good for my first owner occupant. However, there is a lot of termite damage and the lines aren't sub metered. The sub metering isn't that big of an issu...
I wanted to see if anyone had had any experience with rentals in lower income neighborhoods. I've found 2, 2 bedroom, 1 bath duplexes going for 40k each in neighborhoods that would be considered lower income. I also f...
My wife and I have the opportunity to purchase a fixnflip. We were advised by the listing agent that if we make a cash offer the seller would drop the price by $20k. We have the means to make the offer and to complete...
I just furnished a house to rent out and the utilities went way up due to air conditioning costs, etc. Would like recommendations on a reliable method to generate electricity without huge upfront cost. For my 4 plex,...
Hi all,I am trying to find a way to avoid a 25% downpayment on 2-3-4 units.If I am correct the downpayment can be lowered to 5% if one of the unit is owner occupied. What is the definition of this ?We will remodel our...