Travis Hosp
Looking for advice on how to acquire my first rental (Military Vet)
30 July 2024 | 8 replies
If you can't keep control of your personal finances, you are highly unlikely to succeed in real estate investing.
Heather Morales
REI Call Center
2 August 2024 | 39 replies
This takes a lot more time but is so much more rewarding now that I am in control of the VAs and the outcomes in my business.
Anna Washburn
Anyone have experience in buying a laundry mat?
29 July 2024 | 10 replies
If you bring in temps, they will take cash off the side, unless you move to card readers for everything and cash controls.7.
Chris Schoonhoven
Best US Markets to House Hack
31 July 2024 | 35 replies
Also in general the midwest is much more landlord-favoring so there's more control for you here as well.
Connor McGinnis
Raising rents after closing
29 July 2024 | 10 replies
Make sure there are not any rent control laws that limit how much you can increase rent and how much notice you need to give.
Marc V Palmeri
Smoking violation / tenant security deposit (Massachusetts)
26 July 2024 | 9 replies
The tenant told the inspector that the battery was removed from the device because. her son smokes hookah.
Jonathan Greene
Why Most Wholesalers Fail
31 July 2024 | 18 replies
And folks like me will be more valuable to them IE we provide the capital so they can wholetail or control Inventory like Don used to do..
Breanna Green
First 1031 Exchange - Looking at a variety of markets
29 July 2024 | 6 replies
Below is a comparison of average annual property insurance and property taxes for 5 states:Texas: average insurance: $2,536, property tax percentage of value: 1.68%New York: average insurance: $1,418, property tax percentage of value: 1.40%California: average insurance: $1,839, property tax percentage of value: 0.75%Nevada: average insurance: $1,144, property tax percentage of value: 0.59%Florida: average insurance: $2,207, property tax percentage of value: .91%To put these costs into perspective, below is a comparison of the annual cost for a $400,000 property.Texas: $2,536 + 1.68% x $400,000 ≈ $9,256New York: $1,418 + 1.40% x $400,000 ≈ $7,018California: $1,839 + .75% x $400,000 ≈ $4,839Nevada: $1,144 + .59% x $400,000 ≈ $3,504Florida: $2,207 + .91% x $400,000 ≈ $5,847Sources: Homeowners insurance, state average property taxesIndirect costs: Rent control is a hidden tax that may limit your ability to select the best tenant, remove a non-performing tenant, and increase rents enough to compensate for inflation.
Chris Seveney
My Top 5 - 2024 Predictions in Mortgage Note / Lending Space
2 August 2024 | 53 replies
I would say best case is that given political climate, those in control of economic directions take a step back from all political influence as it poses a no-win scenario, and heavily relies upon guidance, direction and leadership from economic/finance professionals to a degree much more significant degree than prior.
Amanuel Gebrelibanos
Having a real estate agent VS being your own real estate agent?
28 July 2024 | 21 replies
I was doing a lot of legwork and still paying RE agent for the transactions up until got my own license.pros: no commissions in your transactionseasier qualification as real estate professional to offset high W2 of spousecan get access to any house/ easy logisticsmore control in the transactionMLS access with all the information on tip of your fingers, you can move fast with the deallicense knowledge helps to make better decisions and gives broader understanding of the industrycan legally do property management for others, wholesale (many states now making outlaw to do it without license)cons:need to take an exam (it needs preparation and to be good not just barely pass you need to study)fees you pay along the way (MLS, brokerage(I signed with investor-focused on and have a monthly fee and a transaction rate))self-management including taxes and feesneed to relicense + paid education Don't forget the biggest con.