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12 September 2024 | 58 replies
He only pays $325/month.For people interested in the numbers:Purchase Price: $250,000Rents when fully occupied are $5,500/month (most units rent for $175/week) My monthly expenses are roughly $2000/month (working on lowering this buy buying the Water softener isnt of rent, switching the internet/cable company, and adding insulation in roof to lower my utility bills)The best way to get started is to just get started, I dont have all the answers but it seemed like a good deal and a great learning experience!
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16 September 2024 | 35 replies
I almost signed up for a $5000 mentorship (discounted from $7500 because he was running a special), also talked to a different guru/coach who charges $18,000 (several people have posted about this individual if you search the forums).
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14 September 2024 | 11 replies
(Approximately 13 states have either state Inheritance Tax or state Estate Tax, so that would possibly apply in other states besides PA.)Welfare LiensNursing home liensMechanics LiensMortgages in order of recording date, first mortgages before second or third mortgagesJudgements (once boought a property where there was alien because the owner got in a bar fight and was sucessfully sued for medical bills esulting in a judgemen.)Federal Tax Liens (Special rrules apply to IRS liens)The precedence of pay off is determined by state law, government first, then the rest by date recorded.Then is anything else is left over it goes to the former owner.On one of our purchases there was a big Nursing Home lien that the Tax Claim Bureau was not aware of.
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15 September 2024 | 22 replies
It might help to shop around with more specialized lenders or brokers who work with self-employed investors to find better terms.
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14 September 2024 | 4 replies
Let them know despite repeated attempts to collect the money, it is not forthcoming and that you will be starting the eviction process for non-payment of rent...then hire an attorney who specializes in evictions and get the process started.
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19 September 2024 | 29 replies
I'm Ryan, based in Indianapolis, where we specialize in Build-to-Rent (BTR) duplexes.
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13 September 2024 | 6 replies
While it was nice to learn, I ultimately realized that my time is much more valuable doing what I do best and it's better to pay for those who specialize in evictions.
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14 September 2024 | 32 replies
Visio specializes primarily in DSCR loans for short term rental properties (think airbnb or vacation rental rather than an annual lease tenant).
14 September 2024 | 12 replies
As such, anything 3+ stories and older, you need to be VERY cautious and understand when and if the study has been performed, what they found, and if there are any resulting special assessments.
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17 September 2024 | 14 replies
Proper HOA Reserve Funding will determine whether or not your fees make a dramatic increase or a Special Assessment is levied in the near future, both of which will immediately, and negatively, affect your investment planning.