Jose N.
High maintenance costs.
10 August 2024 | 11 replies
To that end you could do regular inspections to identify issues before they grow into bigger problems.
David Alejandro Hernàndez
Should I Plant a Privacy Hedge or Keep My Rental Property Low-Maintenance
9 August 2024 | 6 replies
However, in 2-3 years, they will require regular trimming, which will cost money.
Andrew A.
Be brutally honest about my strategy!!!! New to real estate!!!
9 August 2024 | 18 replies
I plan to regularly re-evaluate and refinance properties to pull out equity for further investments without over-leveraging.12.Professional Management: I’ll consider hiring a property management company to handle day-to-day operations, freeing up my time for further investments and strategic planning.Additional ConsiderationI've considered using the BRRRR method instead of paying off the mortgage first.
Anna Brown
LA Property with lots of Equity
15 August 2024 | 57 replies
Many days I get more but solicitations than regular mail.
Holly Peterson
What Are the Biggest Mistakes You’ve Made in Private Money Lending?
8 August 2024 | 5 replies
Scenario:A lender had limited communication with the borrower throughout the loan term, resulting in misunderstandings and lack of alignment on project goals and expectations.Mistake:Miscommunication led to issues that could have been addressed early on, contributing to project delays and difficulties in loan repayment.Lesson Learned:Maintain open and regular communication with borrowers.
Shweta Sharma
1031 exchange complications
8 August 2024 | 4 replies
@Shweta Sharma, A sale of a coop is seen as the same as a regular sale of real estate for purposes of the 1031 exchange.
Yousuf Kaleem
Things to Check After 1 Year?
8 August 2024 | 7 replies
Verify air filter has been changed regularly.
Tommy Ray
The Big Picture Wealth Mindset....
5 August 2024 | 3 replies
Over the years I picked business degrees, real estate license, tax preparation training, loan officer licensing and training, investment / CFP training and it is all tied together in one big connected body of knowledge that emphasizes appreciation, debt pay down, cash flow, and tax write-offs...
Charlice Arnold
How do you maintain a strong and positive relationship with your borrowers?
6 August 2024 | 6 replies
First, always aim for clear and regular communication.