
7 January 2025 | 8 replies
Ask if they upcharge maintenance, charge to go to eviction court, post notice, etc. etc.

13 January 2025 | 15 replies
I'll add a few more things that can have a huge financial impact: required reserves, LTC (loan to cost), application or other upfront fees, and prepayment penalties.As a fellow flipper, I think it's important to have reserves, but they shouldn't be required as part of your funding.

17 January 2025 | 22 replies
@Martti Eckert here's the big issue that no one really talks about that you hopefully find helpful (this is copy & pasted):-----------------------------------------------------------------------------------------------------------Recommend you first figure out the property Class you want to invest in, THEN figure out the corresponding location to invest in.Property Class will typically dictate the Class of tenant you get, which greatly IMPACTS rental income stability and property maintenance/damage by tenants.If you apply Class A assumptions to a Class B or C purchase, your expectations won’t be met and it may be a financial disaster.If you buy/renovate a property in Class D area to Class A standards, what quality of tenant will you get?

7 January 2025 | 1 reply
If a tenant (friend) needed to move, I wouldn’t want to be in a bad situation financially.

6 January 2025 | 9 replies
If you don't want that, I would sell it or put it into storage (which may not be financially feasible), but long-term renters are hard on furniture that is not theirs.

12 January 2025 | 28 replies
(A lot of states, they can easily pull emergency assistance, and the court case get automatically dismissed) If they are pro at this, you have no way to win without a super experienced PM and legal team.

12 January 2025 | 8 replies
Get people financially educated and let them buy their own houses.

24 January 2025 | 36 replies
Just stay flexible and be ready to adapt to market changes or your own financial situation.

3 January 2025 | 11 replies
My state has a good court website where I can better do my own background checks for free so that isn't an issue.

8 January 2025 | 9 replies
If multifamily properties in your area are priced well, it might be worth moving forward sooner rather than later.Risk Tolerance: Since you’re the sole provider, it’s crucial to ensure you have a solid emergency fund to cover unforeseen expenses, especially during vacancies or repairs.Long-Term Goals: Think about how this investment fits into your long-term financial goals.