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30 June 2024 | 8 replies
Perform the same task in each app to ensure a fair comparison.Load a property with pictures and details.Market that property.See what your marketing looks like from the public's perspective.Submit a fake application to see how easy the process is.Run a credit/screening report on yourself.Enter a maintenance request, assign a vendor, and attach a fake invoice.Enter charges to the tenant's ledger.Enter recurring charges and automatic late fees.Sign documents electronically.Run owner reports.After testing a few apps, one should clearly stand out.
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1 July 2024 | 0 replies
With a purchase price of $250,000 and a sale price of $350,000 on the same day, the property promised substantial returns.
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1 July 2024 | 6 replies
Fake paystubs, tax returns, and other "proof" documents are an increasing issue.I don't use the contact information provided by the applicant because they could be sending me to a friend or relative.
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2 July 2024 | 19 replies
There is the those that have to sell and yes they are probably selling it distressed or a forced sale- but as you mention if you look at this listhttps://www.nmhc.org/research-insight/the-nmhc-50/top-50-lists/2023-top-owners-list/These companies may have some strategic liquidations but they can ride this thing out.It’s the syndicators who promised people cash and took at short term debt because they played the lottery thinking they could flip a multifamily building thinking prices always go up and cannot now handle the debt burden.
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1 July 2024 | 7 replies
There is no metric of success that can be tracked, that's all fake.
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29 June 2024 | 7 replies
All the big name gurus will promise you that their program will teach you everything you need to know to be successful...and then this hit you with a MASSIVE price tag.
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29 June 2024 | 2 replies
I am particularly interested in purchasing my first investment property as a short-term rental (STR).After analyzing recent data from AirDNA, I have identified several promising areas: Douglas, Saugatuck, Fennville, and I am also exploring opportunities around Stevensville and New Buffalo.I understand that regulations around STRs vary widely, and I've taken the time to study city maps to identify areas where they are still permitted.
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29 June 2024 | 7 replies
I have found it hard enough to get 1 line of credit, let alone 2 on the same business. 2nd line would need to satisfy the 1st for the lender to give it to me.Thanks for the ideas on equity partner - will be the path that looks most promising!
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29 June 2024 | 9 replies
What are you going to do if you promise them a cash deal and can't find a buyer?
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30 June 2024 | 12 replies
I can promise you we meet our clients at their home or business and not the reverse.