Alan Asriants
Is this an end to Wholesaling?
30 October 2024 | 236 replies
It would force the contract flippers to properly vet the deals.
Stevens Jaquez
Question Regarding Evictions on a recently purchased home
30 October 2024 | 3 replies
She will either take you seriously and move out, or she will show up in court with no defensible position and be forced out.The lease says she is responsible for electricity, but the former owner and property manager sets a precedent by paying it.
Priscilla Chin
Should I buy in NYC or Florida?
30 October 2024 | 21 replies
I personally never would, but I would talk to people that have that can give you an idea of what it's actually like instead of getting opinions from everyone who never have and say it's the worst.Jacksonville, FL has been great from 2010-2022, but there has been a huge surge in building residential from 2020-2023, which severely impacted the supply and demand balance and rents have flattened or dropped from 2022-today.
Joe Stubbe
Buying our flip and taxes
26 October 2024 | 5 replies
If your property is in an S Corporation the "distribute" or "sell" or "fixing cost" of the property might impact your tax situation.
Jessica Lamont
Are buyers buying in Tampa, FL right now?
28 October 2024 | 2 replies
Additionally, ARVs in these areas have a cloud of uncertainty so it will be prudent to be conservative in your analysis and have multiple exit strategies in place.If the home is located in an area with minimal impact from the storms, there has been a small uptick in pending sales the past two weeks compared to same period prior to the storms.
Kevin L.
How to raise under market rent for a 4 plex in Bridgeport?
1 November 2024 | 17 replies
This won’t work for C/D class tenants.
Matthew Banks
Advice: How to avoid having to show apt to multiple prospects ?
29 October 2024 | 4 replies
Set a two-hour period and force everyone to show up during that time for an in-person review.
David Georgeson
Who Is Responsible For Damage Caused By Squatters
30 October 2024 | 15 replies
Hey David,Unfortunately, this is something that you as the owner would be responsible for.I am almost 100% sure that nothing in your PM Agreement will state anything regarding this.I hope that they can get them out quickly.I would ensure for the future that the PM company is securing the property correctly.Was this a forced entry?
James R.
Glut of STRs in Every Major Market. The Elephant in the Room.
28 October 2024 | 40 replies
Our market is unlikely to produce outstanding cash flow with the use of a PM and if you are self managing, your cash flow equates to earnings for your efforts.I am hopeful that the high interest rates have had a negative impact on income and that the STR income will improve if rates decrease.
Myrtle Mike Thompson
2024 Mid-Year Recap for the Myrtle Beach Market
28 October 2024 | 2 replies
And higher interest rates have priced out many would-be first-time homebuyers, forcing them to remain in a growing tenant pool.