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5 July 2024 | 2 replies
I see from LA RSO guideline documents that "The rent level on a rental unit, after the family member or resident manager terminatesoccupancy, shall be restored to the rent level prior to the eviction, plus any automatic increasesthat are due.
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8 July 2024 | 42 replies
If you were actually at my event, you'd know that 1) I buy at wholesale prices, 2) I buy for cash flow, not for speculative appreciation, 3) we 'create' appreciation by making value-add improvements to properties, and never speculate, 4) I stabilize properties & refi out my investors in 12-18 months, allowing more predictability in interest rates & loan terms than speculating 5-7 years out like most syndicators do, 5) if the market shifts, I'm at a low enough cost basis that I have many options on what to do with the property (hold, refi, sell, etc), 6) once investors are cashed out in 12-18 months, I'm the only one with ongoing responsibility & liability (even though it's a non-recourse loan there is still some liability I take on), 7) I project for increased interest rates (which actually just dropped .25% last week, btw), lower LTVs, and lower valuations than what the market is showing right now, keeping us at very safe levels, and 8) I only buy workforce A & B class apartments (not luxury, not C/D class) which is the most insulated asset class in real estate.I have NEVER publicly pitched a deal, or even pitched a deal in my events.
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7 July 2024 | 36 replies
(Shorter distance for me)Not sure about knoxville TN, have not been there.I also noticed people shifted to smaller cities to invest.
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7 July 2024 | 89 replies
The shift is growing.
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5 July 2024 | 73 replies
Seems like automatic cash flow.
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10 July 2024 | 112 replies
Depending on the business the environment shifts far more rapidly than the housing market—especially online.
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3 July 2024 | 4 replies
Are there shifts in rental prices, vacancy rates, or investment strategies that are worth discussing?
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4 July 2024 | 7 replies
Hey everyone,I've been learning about attaining the real estate professional status (REPS).From what I understand, if I own the property, and if I self manage it, then I should just about automatically qualify for REPS.
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3 July 2024 | 2 replies
If the management company is properly listed as Additional Insured, the coverage will automatically be extended to both parties as needed.
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10 July 2024 | 256 replies
I shifted into tax deeds instead.