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5 December 2024 | 6 replies
@Loren SouersI'm going to lead with the suggestion that you consult a tax professional and an attorney.Generally speaking, you can put a rental property in a revocable living trust, which can help with estate planning and asset protection.
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3 December 2024 | 5 replies
The paint is chipped so I'm assuming there's lead paint and there will likely be asbestos and lead pipes for plumbing.
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5 December 2024 | 4 replies
Main questions should ask about the seller's:- Reasons/Motivations for wanting to sell- Desired timeline to close- Plan's after selling (relocation, reinvesting proceeds, 1031 exchange, etc)- Back-up plan in case they are unable to sell within the desired timeline- Reasons for not already selling to/with a investor or RealtorAdditional questions will depend on the type of seller lead i.e. pre-foreclosure, probate, fsbo, absentee owner, etc.Here is an example of a youtube search you can use to begin finding call recordings.There are 1,000s and you'll find that the best/most effective ones don't even sound like sales calls.
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7 December 2024 | 18 replies
Meanwhile the property was deteriorating and tenants complained and got Dallas County Housing Authority involved.
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4 December 2024 | 0 replies
If investors attempt to streamline their services, it can lead to a more organized approach to property management, lowers the risk of gaps in insurance coverage or missed tax benefits as well as simplifies communication and reduces confusion.
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4 December 2024 | 4 replies
SEO optimization with targeted keywords can significantly boost visibility across these platforms.Strong photos and virtual tours tend to convert leads more effectively - tools like Asteroom or Sphere.app let you create these yourself.
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4 December 2024 | 5 replies
Relationships often lead to off-market deals and valuable partnerships.Consider targeting up-and-coming neighborhoods or distressed properties in areas seeing new development or infrastructure improvements.If you’re exploring commercial, maybe start with small multifamily units (like duplexes or fourplexes) before diving into larger complexes.I’d love to connect and possibly collaborate.
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1 December 2024 | 4 replies
Then, there’s paperwork to finalize with the local housing authority, and finally, you start getting rent payments.
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3 December 2024 | 21 replies
This allows someone other than me (an authorized business representative) to do business on my behalf rather than limiting everything to myself.
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7 December 2024 | 150 replies
I was agreeing about your comment as to having a mentor, then I realized I didn't have a mentor when I started.Brandon, there were books, I skimmed the "Paper Game" don't recall the author but it was conceptual and a little too fluffy for me, I didn't really start by using anything in that book, if I did, it was by accident.