Mike Montanye
Deal Machine Customer Service
3 January 2025 | 14 replies
@Bret Hudson: I've been a heavy user of both websites you mention and I find your comment interesting.
Deborah Wodell
How Do You Keep Rehab Costs Under Control on Your Flips?
4 January 2025 | 4 replies
Besides putting together the best SOW using accurate/actual quotes as @Peter Mckernan and @Alan Asriants commented above, another key aspect is tracking expenses (bookkeeping) and monitoring the budget throughout the project.
Wenyu Zhang
How to get around with 75% rental income rule?
22 January 2025 | 10 replies
Just going to second the DSCR comments!
Chris Mahoo
Long term rental when you are not full time real estate professional
22 January 2025 | 10 replies
One has to make payments.3) I agree on your REP comment.
Kerry Hermann
New to the Northern Alabama market
20 January 2025 | 12 replies
@Kerry Hermann - the posts by @Michael Ewers and @Samuel Coronado were solid advice (I don't know Nita Cook whom Sam referenced, so that's the only part of his post I can not comment on).I second what Michael said about the market here - it was fantastic from 2017 (when I started) through 2022 - then it really started to crater in 2023 (although we still found some deals), and the bottom completely dropped out in 2024 (found one small commercial deal and one residential flip deal in 2024 - that's it).
Jeff Ryan
Mobile home purchase (on rented lot) for single family home investment
6 January 2025 | 14 replies
They did comment that the previous owners did not allow that, and I know through some research of my own that many parks don't.
Ricardo Lemus
The rent does not cover all
19 January 2025 | 10 replies
So some ballpark numbers if everything remain the same, ($400ishx12)x10) would be $50Kish + the downpayment I see I got some positive numbers and after they are paid in full is when I believe the cash flow will be in better shape.I am planning to have all properties for long time, so I am planning (fingers crossed) to keep my primary income (job) in order to keep buying more properties.Once again, many thanks for all your comments.
Account Closed
Due On Sale Being Called!!
13 January 2025 | 41 replies
And, in my opinion, more importantly, the lurkers who never comment, now believe they have the "golden key" of information.As you already know, there is so much more to this, in order to stay out of trouble over the long term.
Audrey Sommer
Texas Laws on Out of State Investors
9 January 2025 | 8 replies
@Audrey Sommer you have some good comments above (and some funny ones too) but just to confirm, what you were told is not accurate.