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4 March 2024 | 5 replies
I'm worried for her safety and those of the other tenants.
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5 March 2024 | 11 replies
Hi Adam,I've always been a real estate guy but exposed my personal portfolio quite heavily to a regional bank ETF.I guess time will tell if I'll be a "Hero" or "Zero" lolCome on you Fed and reduce those rates 😁Real estate is and always will be my bread and butter tho.You can't beat the safety of a "brick and mortar" investment per se.My best advice would be if you are going to go down the path of investing in out of state rentals to have a growth mindset.Buying 1 or 2 isn't worth the risk or hassle and you might as well invest in your own back yard.10+ years in the industry and my most unsatisfied investors are the one's that build smaller portfolio's.If a property goes vacant and takes a few months to get it back performing, with a small portfolio that could impact cashflow of 30-50% for that year.Our investors that own 7,8 or 10+ properties, don't even feel it if 1 or 2 go vacant.Just my opinion and wishing you much success
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4 March 2024 | 10 replies
Be patient and try to find a deal where the seller has very little equity or look into a HELOC on one of the other properties or a lender willing to do a second position mortgage on a va assumption.
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4 March 2024 | 23 replies
We manage around 400 units and have very few Section 8.Some companies and investors build their entire strategy and portfolio around Section 8 and it seems to work well for them.Always underestimate your income and overestimate your expenses.Give yourself an extra margin of safety also.Section 8 has some weird rules that have to be abided by so you might incur extra Capex long term costs.Much success
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9 March 2024 | 261 replies
The US doesn't exactly have the best reputation for safety anymore in the international community, including Mexico.
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2 March 2024 | 5 replies
As long as it's even the same as rent you're ahead because you're building equity.Best advice - look at a whole bunch of properties and be patient.
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3 March 2024 | 22 replies
Stay patient and disciplined in your search.Here's how 👇 1.
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2 March 2024 | 8 replies
Major code or environmental or building and safety violations carry over to the new owner (that's you) - stick to the easy stuff. - Those are some initial things to think on.
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2 March 2024 | 16 replies
It's a slow but steady way to do itHey Caleb,I'm 23, and I think if I play my cards right I could have a few rental properties cash flowing by the time I am 30, but I need to be patient and do my research so I can play my cards right.Thank you for reminding me that patience here is key to ensure I don't jump too hastily while trying to secure the "best" deal I can.
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1 March 2024 | 19 replies
how do i assess a house in terms of safety etc?