
24 November 2024 | 19 replies
This can lead to more opportunities and partnerships.Market Understanding: As a property manager, you'll gain a deeper understanding of the local market, which can be invaluable when you start acquiring your own properties.Steady Income Stream: Property management can provide a consistent income, which can be particularly beneficial in the early stages of your real estate venture.Skill Development: You'll develop a range of skills from customer service to maintenance oversight, which are crucial for successful property ownership.Brand Recognition: Establishing a presence as a reliable property management company can boost your reputation, making it easier to attract tenants and investors when you start acquiring properties.Cons:Time Commitment: Property management can be time-consuming, especially if you're dealing with multiple properties or demanding clients.Regulatory Compliance: Staying compliant with local laws and regulations requires diligence and can be complex.Conflict Resolution: Dealing with tenant issues and conflicts is an inevitable part of property management and can sometimes be challenging.Financial Risk: There are financial risks involved, including late payments or damage to properties.Market Fluctuations: The property market can be unpredictable, affecting both rental income and property values.Overall, starting with a property management company can be a smart way to enter the real estate space, especially in an area with a clear need for such services.

22 November 2024 | 2 replies
NOTE: there may be some tax on interest or principal on the payments--seek professional advice.Also, stress there will be no inspections or other contingencies--sell the 'peace of mind' side of the equation.You have known each other for 12 years and you established you are a great payer.

20 November 2024 | 4 replies
Quote from @Faysal Alam: What banks or credit union can I use to refinance a car under my LLC name , my car is a 2023 Tesla model y performance , I owe $42,500 on the car , I’m looking to refinance the car under my business , my business was established 03/2023 .

25 November 2024 | 10 replies
I’m not set on anything so far, so I’d appreciate any advice you have on getting in the game!

23 November 2024 | 4 replies
I genuinely believe that creative finance can be a game-changer, especially in this current market where traditional lending is tightening up.Looking forward to connecting and learning from everyone here as well.Joe

22 November 2024 | 11 replies
It's a game changer once you have a few employees and operate that many so everyone stays on the same page.

25 November 2024 | 14 replies
The man selling said he knows he will lose money on the deal as the property already appraised for $560,000 but would love to get a young investor like myself into the game since his son did not end up sticking with it.

22 November 2024 | 6 replies
A few days ago I visited an off market property in Austin in a well established neighborhood if interested feel free to connect.

21 November 2024 | 7 replies
Unless you bought RE a few years ago, created equity via successful BRRRR, flip, or do a combination you're just playing the appreciation game.

22 November 2024 | 10 replies
The BRRRR method and creative financing are game-changers!