13 January 2019 | 3 replies
I haven't heard of this approach from a lender requiring a surety bond - so make sure you do your due diligence.When I bought a 200+ unit deal I used a surety bond for the utility deposits, which was a great strategy and it saved me over $30k.
11 February 2016 | 4 replies
Are you putting any money into the property for maintenance, repairs or utilities?
11 February 2016 | 9 replies
If the house cash flows, and once you establish stable rental income it should not be an issue.
13 May 2016 | 23 replies
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14 February 2016 | 7 replies
I have a retirement account from a previous employer. It contains around $23,000. I was considering trying to use this money to help in purchasing my next property. However, this account, while I'm no longer contribut...
7 February 2016 | 0 replies
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7 February 2016 | 1 reply
I want your honest opinion on short term rentals vs long term rentals I've read the pros and cons to short term rentals were you get a daily rate they tend to generally make more money but the owner is responsible for utilities .
10 February 2016 | 3 replies
(BTW, the owner is completely broke to the point where he had all utilities in the home turned off at least for the past year bc he cannot afford to pay them.
20 February 2017 | 19 replies
Initially our goal this year was to eliminate the last of our liability debts, establish an income (to count towards our bank credit) and save up for another down.
10 February 2016 | 4 replies
Hi Scott,There isn't a whole lot of information to work with in your post without knowing where the home is located (to see if your rent estimate is good), whether the maintenance cost is reasonable given the age/condition of house, etc.The two main questions I'd have on the info you did provide are whether you're accounting for vacancy, utilities, and property management costs, even if you're initially expecting to self-manage.Regards,Mike