
20 July 2024 | 59 replies
When you fix everything like hvac and other essentials at the beginning of the purchase, you give yourself a few years without significant rehab.

16 July 2024 | 0 replies
In this recently issued memorandum, Austin City Council requests that the City Manager modify the city’s STR regulations as needed to bring them into compliance with the ruling.Going forward, there should be essentially no substantial difference in treatment between owner-occupants and investors/non-owner occupants when it comes to Austin's STR regulations.

13 July 2024 | 6 replies
My fear now is that by posting it on Airbnb I put it out for the world and I believe technically it can’t be rented separately but zoning said they would just tell her I have a permit pulled or it was just people who are renting my other place on the same lot so basically really no way to prove it.I was thinking instead of a kitchen is just rent it out 3-4 months a year with an outdoor flattop grill on the patio a nice seating area and maybe an outdoor sink.
15 July 2024 | 5 replies
Essentially every deal that's been closed has been with 0 support, so she's made $100,000+ from just originally signing off on my salesperson's license.

15 July 2024 | 6 replies
When we take on a new door, our fee structure is essentially a guess and a "hedge" against future claims (against our time.)

14 July 2024 | 9 replies
Essentially, I want all cash flow/expenses to be flowing in and out of a business account rather than my personal bank accounts.

15 July 2024 | 17 replies
It's essentially house hacking on steroids (since you are renting it out by the room and not just a section of the house like a basement), and there's minimal risk.

14 July 2024 | 7 replies
These systems help ensure that essential items like toiletries, linens, kitchen supplies, and cleaning materials are adequately stocked and maintained.

14 July 2024 | 13 replies
@Dayton BourassaI would also be very cautious of thinking you can increase the current rent by 35%, I know you passed on this deal, but when analyzing deals it's important to be conservative when estimating rental income, if you are not conservative with your estimates then you need to account for more vacancy, which is essentially doing the same thing as being conservative.

14 July 2024 | 3 replies
This means that you have the right to assign the contract to another buyer without needing the seller's consent (unless specified otherwise).Assignment Agreement:Once you have a signed purchase agreement with the seller, you, as the wholesaler, can then prepare an assignment agreement.The assignment agreement essentially transfers your rights in the original purchase agreement to another buyer (an investor or end-user).In the assignment agreement, you will name the original seller (assignor), yourself as the wholesaler (assignee), and the new buyer (assignee).The assignment agreement should outline the assignment fee (your profit) that you will receive from the new buyer upon closing of the sale.Execution:Both the seller (assignor) and the new buyer (assignee) need to agree and sign the assignment agreement.