I am planning to purchase a multi-family proprerty in the relatively near future which I intend to house-hack. I would like to save up enough for both my down payment and an emergency fund. From experience, what would...
My tenant and his wife are teachers and have 4 kids. He has good credit (>700) and she has poor credit. They have been paying on time for the past 6 months and now are requesting to make half the rent payment now a...
Hi all,How do you normally handle tenant payments that are made to the previous owner after closing and before you can notify them of ownership change and new payment instructions? We asked the seller to notify the te...
After reading "The Millionaire Real Estate Investor" the author was illustrating how the longer you have your property, the lower your % Return on Equity ((annual price appreciation + annual debt pay down + annual cas...
I'm curious to see how other landlords feel about this. We have a tenant who has paid late the past two months. Between the late fees and penalties, it's been about $200 extra each month (rent is $985)
My p...
I am new to AirBnb co-hosting & currently oversee two properties listed on airbnb. I am going to start listing these on other platforms like Vrbo & booking.com. I am currently paid out a % of each booking as a...
There was previously a huge thread on cozy a while back and their transaction processing time. I'm about to start my 1st rental and was wondering if it has gotten any better than 5-7 business days. And if any one usin...
When you invest in real estate, borrowing money makes sense because the right loan on a good deal will help you make money faster and with higher return vs. using all-cash.One of the things that people look at when bo...
I bought my house 5 years ago for 250k at a fixed rate of 3.5% for 15 years. Currently I owe 111k in principle because I was paying additional principle for like a year. My monthly note is about 1.8k including escrow....
I have $25K in savings and am putting 2-4k each month into this saving acc it is currently invested and making about 7%. My question is this should i keep investing it and make 7% APY or should i pay the $25k to princ...