Vijaya Gowrisankar
BRRR Strategy in Philadelphia
30 October 2024 | 5 replies
Unless you get a crazy steal of a deal...The BRRRR method is great, but not really working in todays market (unless of course you get a homerun of a deal).
Lance Turner
Strategy for Seller Financing
29 October 2024 | 16 replies
- **Stay Engaged**: Keep the lines of communication open and express your continued interest in the property, even if he needs time to think it over.By approaching the seller with empathy, clear benefits, and a willingness to listen, you can effectively plant the idea of seller financing and potentially create a mutually beneficial arrangement.
Alexander Zeisberg
New Again Agent
1 November 2024 | 4 replies
To maximize the number of transactions you’re involved in you will need to:Be Top of Mind when they think about moving - which requires consistent reminders.Be seen as an Expert – which requires a consistent message and Evidence of Success storiesGain their Trust – which requires communicating integritySo, start out by listing everyone you know in an Excel spreadsheet.
Raghavendra Jakkani
Tenant screening with child support
29 October 2024 | 6 replies
I help maximize and schedule showings, communicate with other agents and tenants, and provide access to promulgated paperwork and full transaction management.
Tom Dean
STR material participation to be considered active business
29 October 2024 | 2 replies
I realize this is a complex concern so just looking for general advice here based on the experiences of others.I would manage bookings and client communications aside from maybe an on call service for at night.
Carolyn McBride
STR Tax Loophole/Strategy So Close to the End of the Year?
29 October 2024 | 9 replies
You could also qualify if you spend more time on the property than anyone else involved, regardless of hitting 100 hours.Ex. managing contractors, handling bookings, setting up the property, or dealing with guest communications, you might meet the material participation requirement without needing to track 100 hours.The key is to document everything.
Stevens Jaquez
Question Regarding Evictions on a recently purchased home
30 October 2024 | 3 replies
Quote from @Stevens Jaquez: I recommend you stop communicating with her.
Axel Scaggs
Seeking advice on expanding
28 October 2024 | 8 replies
Traditional mortgage, DSCR loan, brrr method?
Lynnette E.
tenant charged with rape of a child under 13
29 October 2024 | 5 replies
But wanted to add that you may want to consider a consultation with an attorney or even your liability insurance company to discuss best ways to handle this up front to avoid mis-steps in communication with the tenants, neighbors, media etc.
Jazmin Winsor
Purchased first home, house hacked and needing tax advice
31 October 2024 | 4 replies
Since you’re renting out partially, a common method is to use the square footage of the rented areas relative to the total property space.