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Need some advice. I'm looking at a 12 unit property that IMHO is overpriced because it breaks even ($0 cash flow) after all expenses and debt service (1.0 DSCR). Cap rate is 5.8% which doesn't seem too bad. I'm try...
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In your opinion, is 30% a reasonable fee to pay a property manager to do the following:
- Arrange for interior designer/furnishing property (actual expenses I have to pay)
- Promote/advertise rental and respond to a...
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Hello! My wife and I are in contract for our first rental property, a triplex! The current owner has had it for 21 years and is older so rents have not increased over time. The current tenants are being charged $425 w...
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I am looking for a 4-5 bed house in the phoenix area with an ADU for my fiance and I to live in. This househack strategy has been suggested to me considering the scarcity of cash flowing residential multifamily proper...
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In another thread this debate was started. Is your primary dwelling an investment?
One argument for is that you expect your primary dwelling to appreciate, therefore, it is an investment.
However, an a...
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Hi BP,I have used my property manager for about 9 months now, so far i've been happy with what they have been doing. I signed a contract with them back then, and every property which I have acquired and managed has b...
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What special touches or amenities do you add when you renovate? I'm not talking about paint color or flooring until you do something special like an accent wall in red or cork floors. I have some upcoming projects, ...
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Hi All,I'm reviewing my lease, and I'm wondering if there's any additions in people's leases that they consider must haves, or perhaps additions to leases after a bad tenant experiences? What is something you'd wish y...
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Has anyone looked into installing solar power into investment properties? Is it possible to sell excess power to utility company and generate additional income?