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14 November 2024 | 3 replies
That being said, here’s what I would recommend for a thorough DD process:-Build a plan in advance (setup a spreadsheet, meet with the team, etc)-be prepared to take a lot of pictures -document notes with each room (we use notes on Apple and share it with the team)-align the team on standardizing information (example: what does “bad” mean, what does “okay” mean, etc - everyone looks at things differently and you want to make sure the notes are accurate during your debrief)-bring in professionals for things you can see, like sewer lines hope this short list helps!
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11 November 2024 | 12 replies
Originally posted by @Bob Daniels:*Disclaimer* My account has only been open for 3 months, which isn't nearly long enough to draw a solid conclusion from.I recently invested 1k with them in their long term growth fund as a test run to see how accurate their claims were.
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14 November 2024 | 13 replies
Quote from @Michael Smythe: @Marcus Gonzalez you'll need a general contractor with accurate numbers.With no experience, you'll probably need 25-30% down for a spec home construction loan.
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19 November 2024 | 21 replies
They have stepped in to cover repairs for me, pressured mngt to do the same, introduced me to other PM teams that would perform better, shared multiple resources with me to assist with the sale of the properties and have spent ample time helping me strategize overall about what to do with these properties.
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15 November 2024 | 3 replies
If you get a lot of properties it would be fun to have the first tab pulling data for metrics on portfolio performance, monthly cash flow, expenses, etc.
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13 November 2024 | 4 replies
Is this accurate, if a property is owned by investors and constantly being sold and bought that's a warning sign?
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15 November 2024 | 3 replies
You cannot afford to waste time.Just make sure your numbers are accurate otherwise you can create a bad rep among real investors.
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15 November 2024 | 4 replies
I was wondering what's everyone's process when maintenance or repairs needs to be performed in the rental property.
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14 November 2024 | 1 reply
I asked Gemini and it pumped out some responses, but I know literally nothing about this so I have no clue how accurate it is and it definitely also recommends consulting with a lawyer and other experts in this arena.
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7 November 2024 | 0 replies
Purchased with minor updates to modernize the space, it now serves as a high-performing long-term rental property.