Joel Oh
Focus on one platform
2 January 2025 | 50 replies
It is interesting how a lot of hosts here are continuously complaining about saturation and lower occupancy while refusing to adopt the new system.
Michael Wentzel
Selling portfolios of properties... use agents or loopnet or another strategy?
13 December 2024 | 9 replies
Here are some other strategies:Investor Networks: Share through local REI groups or investor meetups in Colorado and Ohio.Direct Outreach: Use mailing lists or email campaigns targeting known investors or real estate firms.Social Media: Post in real estate forums or Facebook groups for investors.Websites for Property ListingsRoofstock: Specializes in selling single-family rental properties to investors, offering built-in tools for analysis.BiggerPockets Marketplace: A hub for active real estate investors, perfect for promoting rental properties.Auction.com: If you’re open to auctioning properties, this platform reaches a broad investor audience.RealtyMogul: Offers connections to individual and institutional investors, especially for multifamily properties.MyHouseDeals: Focused on connecting with investors looking for fix-and-flip or rental properties.Zillow Rental Manager: While more general, it can still attract landlords looking to expand portfolios.Mashvisor: A great platform to market properties with detailed cash flow and rental projections.PropertyShark: Targets real estate professionals and investors with access to detailed property data.These can help you reach a broader audience and possibly sell faster.
Carl Richardson
What contract or forms do I use for wholesaling deals in Texas?
12 December 2024 | 13 replies
"As public records, the contract forms adopted by the Texas Real Estate Commission are available to any person."
Keetaek Hong
Quickbooks .. or NOT for STR
9 December 2024 | 7 replies
We thought snapping receipt + sending invoice email directly to QBO was super attractive.However, we are finding QBO to be also cumbersome and pricey1) Personal credit card - If I mistakenly use personal CC, I have to manually create an entry (this happens quite often). 2) Pricey - $99/month is now really adding up.WE thought it would be a great early learning and investment to adopt QBO now as we scale (hopefully to MTR and LTR).
Sam Chainani
Buying defaulted mortgage notes directly from banks
17 December 2024 | 42 replies
Banks do not sell notes to just anyone off the street.When you acquire the note, you are now a lender with a collateral interest, as Dion mentioned, get a deed in lieu of foreclosure, you could give cash for the keys.Over the years I've done this many times before the words "short sale" were ever adopted in real estate terminology.
Steve K.
Due On Sale Clause About to Become More Common?
12 January 2025 | 185 replies
It's a finance institute of one form or fashion, they will use it if it's in there best interest, and that means the person who holds the button to drop that ax.
Brody Veilleux
“BRRRR” a primary residence
23 December 2024 | 24 replies
Federal programs will require you to use GC/licensed folks for a lot of the work and they will get reimbursed by the institution that your loan is with; many GCs don't want to wait on the float time of requesting funds and getting them.Depending on the program and rehab/condition of the home, you may not be required to live in the home (think black mold remediation...bank isn't going to put you in a compromised position) however they may have min/max of when you need to move in.
Kevin Zmick
Having Trouble Renting Unit in First Property
19 December 2024 | 22 replies
As Sean Wagner mentioned, the city of Chicago has adopted their own regulations on charging what's commonly referred to as a "security deposit" you need to do it another way.
Nathan Gesner
Real Estate Syndications: Who's Taken the Leap and How Did It Pay Off?
17 December 2024 | 36 replies
The primary form of diligence we see on the forums is "what do you think of XYZ sponsor and deal" whereas the common form of diligence in the space by institutional investors, large investment groups, family offices, and sophisticated investors involves following the sponsor for years, underwriting the deals, validating rent comps, background checks on the general partners, and a host of other diligence that materially de-risks the investments.
Matt R.
Bitcoin is 10k again what are you going to do now?
5 December 2024 | 554 replies
We did not have institutions coming on board previously.