18 March 2024 | 29 replies
We've gone the full property manager route and didn't regret it because we've been lucky enough to have decent PM companies; however, we have found we can do this ourselves and it isn't time consuming or difficult.
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17 March 2024 | 15 replies
Many landlords opt for modest rent decreases or propose multi-year leases with slight increases over the extended term to provide stability for both parties.
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18 March 2024 | 19 replies
You also need to factor in that it's a duplex, and according to Zillow's Consumer Housing Report, only about 8% of renters prefer a duplex, so it is even more important to make sure it's priced correctly.
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19 March 2024 | 30 replies
Its the regular consumer that buys/sells a handful, at most, homes in their lifetime.
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20 March 2024 | 175 replies
Prior to Flip System, I started out of state investing in one market by myself, and while I was able to acquire houses successfully, the process of researching and vetting my teams was incredibly time-consuming.
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17 March 2024 | 6 replies
While dodd frank may not apply, you still have to follow many consumer finance laws, such as making sure the borrower has the ability to repay, sending them proper statements, tax forms, escrow anaylsis etc.
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17 March 2024 | 2 replies
It’s possible I did a poor job of explaining this, this isn’t really a service for investors per se’ in fact I would probably in an ideal enjoy doing this more for primary home buyers, this to me is an alternative to the 2.5% commission model, you cut out the most time consuming and often in my opinion least valuable part of the job which is showing people around and opening cabinets and seeing if they are soft close or not lol (I presume in this new world there will be more open house, more showings by listing agents, possibly more services that allow buyers to show themselves houses like the Redfin does on some of its listing) because of that plus the guarantee of getting at least something for your time allows you to theoretically charge much less while still providing the important parts of the job, like you should consider this area, let’s go over this home inspection repost, here’s how we should craft an offer etc, even spending time explaining rent vs buy calculation and personal finance etc, plus the being able to be paid regardless of your advice, I’ve had countless clients who has just a myriad of bad ideas I’ve talked out of, but of course you don’t get paid for that in this commission structure.
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20 March 2024 | 193 replies
Always have modest amount of insurance but do not over insure as you merely put a target on your back and assure you get named first on any future lawsuit against your or your business.
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17 March 2024 | 29 replies
It is not only time consuming but frustrating too.
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17 March 2024 | 4 replies
All signs of stress.”Inflation Numbers this WeekThe Consumer Price Index measure of inflation increased .4% in February (seasonally adjusted), after rising .3 % in January, or 3.2% YoY (BLS).