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17 December 2024 | 7 replies
We typically estimate standard costs for these items but get them done much cheaper with our own crew.
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19 December 2024 | 3 replies
I would suggest leasing a commercial space for your business first before you go straight to purchasing a space.
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18 December 2024 | 9 replies
Besides we're hospitality people, not selling property or leasing it long term, and somewhere along the line a few states got their definitions very very mixed up!
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15 December 2024 | 7 replies
@Phillip Austin I self-manage my properties including some where I do rent by room as a primary strategy, and it is very effective if done well with good screening in place.The difference is starting with shorter leases for me.
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20 December 2024 | 28 replies
I have a C-Corp (no assets) as the Prop Manager to manage leasing and rental collection for all 4 LTRs.
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17 December 2024 | 9 replies
More interested in land contracts and lease purchase options enough /without needing a lawyer each time.The properties are worth about 150k each.
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18 December 2024 | 2 replies
Duplex appraised 380 (super ****ing low ball) brings in an estimated 3,900 a month in rents. buyer agreed and SIGNED addendum to purchase at 397,500. day of closing they dont show, tell us they didnt know what they agreed to pay over appraised value and are trying to get us to accept 386k. my agent had me lock in our month to month long term tenant to a year lease for THEIR lender and now they pull this.. they have only 5k in escrow account.. my agent wont reduce his commission from 3%-2% to help bridge the gap. suggestions??
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20 December 2024 | 3 replies
Of course if you are required to pay off the 2% mortgage then your cash on cash ROI goes way down, but with a 30% equity cushion you’re still way ahead.I really dislike contractor for deed, lease option, or not recording warranty deed as “solutions” for the due on sale clause.
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21 December 2024 | 20 replies
they look like they'll cash flow a few hundred dollars a month but then you have a rough tenant turnover, or a big capex item come up, and boom - your cash flow is gone for 5 or 10 years.here are two really good threads to read.Overleveraging, net worth, cash flow and headache factorBaltimore - a path to never-ending painhappy to help further.
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21 January 2025 | 74 replies
I have done deals such as wholesale deals, Rent to Own, Lease Option, Option deals, Tax Liens, Finding private money all because of some of their videos that helped me understand how to.