Roy Hill
Asking For Advice
29 January 2025 | 3 replies
Whether you spend time networking, reading books, watching videos or connecting on bigger pockets or if you spend cash hiring a mentor, maybe partnering up with or doing free intern work for a real estate investor; whichever route you decide to go investing in yourself is one of the best investments you can make.
Chris Shon
Do I need a Real Estate Tax Accountant?
28 January 2025 | 20 replies
Review Form 1065 yourself and decide whether you want to tackle it.The real dilemma here is that hiring a tax pro will definitely cost you, while it is unlikely to save you much (if anything).
Jeffrey Bourque
Found a Deal but Not Sure
27 January 2025 | 7 replies
Also I have not worked out the financing yet. if I just use my cash then the Cash on Cash drops to 8 or 9% and that would be below my Cash on Cash target.Generally speaking and of course just numbers I picked out of the air for reference when running numbers in my head, I am looking for Cash on Cash greater than 15%, high probability of long term occupancy, and no expected major Capex for 2.5 years after purchase and purchase time repairs which I would add into the cash on cash evaluation before pulling the trigger.So there are some more details to be worked out in my head but being it is my first one and only learning what I could from youtube videos I thought I would get some feedback.With all that said, in my head it seems like it could be a good start.Thanks again Jaycee and Gavin for your feedback.
Desiree Board
Advice for a new long term rental investor
3 February 2025 | 27 replies
If you have an issue with that, or are long distance, hiring a property manager is a must.
Daniel Baker
Questions to ask.
1 February 2025 | 9 replies
Looking to hire a professional to help with my taxes this year, i've always done them myself but fear I'm leaving money on the table.
John Reagan Johnson
Switched to a Property Manager
22 January 2025 | 9 replies
@John Reagan Johnson hope you don't mind a PMC answering, but most of our clients hire us because:1) They live out of state and don't have time & expertise to remote manage2) They don't have the time to manage3) They don't feel they have the necessary expertise and/or don't want to risk learning as they go and making an expensive mistake.Go read Kiosaki's Cash Flow Quadrant book.
Jonathan Small
Single-Family vs. Duplex: Which is the Right Investment for YOU?
16 January 2025 | 3 replies
No window air conditioners or freezers are ever included in the lease.
Craig Jones
STR hotel makeover
22 January 2025 | 15 replies
One thing you might think of doing is having and promoting your own website to avoid the exhorbitant fees charged by the third party sites such as Expedia, Booking.com and Air BnB.
Stuart Udis
GC Commercial General Liability Coverage
25 January 2025 | 0 replies
I understand why carriers associate Condo/PUD construction with greater liability risk (I am sure being based in Philadelphia, a jury friendly city doesn't help either) but curious which carriers others are finding to price coverage without this exclusion and also price the coverage competitively.This also serves as a reminder to review the coverage when you hire a GC for more substantial or unique construction assignments.
Blake Winiecki
Real Estate Side Hustle Ideas
1 February 2025 | 1 reply
I've seen plumbers and builders stop hiring because all the "young" people start the job and then don't put in any effort or stop showing up.Figure out what you want to make hourly, then start telling everyone and their brother that you need work, how many hours you are available, etc.