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Hello Everyone. I'm in the process of closing on a 4 unit building in CA in which I will live in one of the units. I will be raising rents about 8% since the current owner hasn't raised rents in a long time. Even if I...
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Illinois is enacting a statewide minimum wage of $15 per hour by 2025. Have any experienced landlords had this happen in their state or city and what have been the effect on rents? Drastic increases or gradual incr...
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Hey everyone, I found a duplex that needs some work but is in livable conditions. One unit has 4 bds, 1 bath. the second has 2 beds and 1.5 baths. Unit 1:4 beds 1 bathroomRent=1450/monthUnit 2:2 bed1.5 bath. Rent=1150...
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Here are the facts. I'll try keep it as unbiased as possible to get some honest feedback from other investors.Last year I met an investor who was flipping houses in Phoenix. I connected with him by email a couple of t...
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I've owned my PR 3yrs and should soon be able to get a HELOC of 100k. I live in San Diego but looking to invest out of state. I'm looking for turnkey companies that would facilitate me using the BRRRR strategy so that...
So we were under contract for a house. Our closing date got pushed. My realtor had us sign extensions and sent them to the sellers agent. I believe they signed one of them. But the closing date got pushed 2 more times...
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Background:
I just turned 40. My net worth is 3.2 million. 1 million liquid cash, the other 2 million is equity in my houses including primary residence and rental properties for a total of 8 properties. Cash flow i...
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Just checked the total US money in circulation M2, increased from 15.5 trillion end of 2019 to about 18.4 trillion, roughly 20% in the first 5 month of 2020. Theoretically and historically, M2 is directly correlated w...
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We are closing on our first two rental properties next week. They are turn key ready to rent properties. We have a few potential renters already. One is a young couple with a dog. I have dogs myself and know that ...
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Thought I would touch on this topic because of a conversation I had to other day. So I am licensed and working for an investment brokerage here in Florida. I received a call yesterday from another real estate agent wh...