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9 January 2025 | 46 replies
Quote from @Jay Hinrichs: Oregon finally passed legislation to reel in unlicensed wholesaling its in this months publication from the state RE agency.Highlights:Goes into effect July 1 2025Requires:On line application to become a licensed wholesaler ( RE agents exempt from this of course they already have licenses)Name of company and individuals who will be performing these services.Each one needs a full criminal background check and approval prior to receiving the license.300.00 annual fee for the license.Written Disclosures in Bold 10 point.These must be given to Buyer and Sellers prior to entering into a wholesale contract and signed for.Also RE brokers assisting wholesalers need to give these to potential buyers and sellers.
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3 January 2025 | 12 replies
Quote from @Kyle Biggs: I'm a investor with 2 rental properties that cash flow $1000 a month.
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13 January 2025 | 7 replies
For example I would rather buy a property for a $100k discount that may have negative cash flow of $500/mo month for 3 years than pay market value for a property that cash flows $200/mo.
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3 January 2025 | 4 replies
The fact that you already had two closings in your 1st four months is amazing.
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9 January 2025 | 14 replies
My 17-year-old daughter is still in high school, but she saved up $20,000 in 14 months as a waitress in a town of 10,000.
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6 January 2025 | 2 replies
Mortgage rates at 7% 2. 25% down3. 10% of current rents budgeted for capex, monthly repairs and maintenance and property management fees.
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5 January 2025 | 18 replies
Hi BP.I have a tenant who has NOT paid rent for this month (August), rent is due 1st of every month according to lease agreement.
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23 January 2025 | 21 replies
You may make $50k on a flip but have to wait 6 months from list. ( in specific areas - not all of CLE)As a full time investor turn time is hyper important for me to turn my properties and money over as many times as possible in a year.Another example is are you a flipper or a renter.
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29 January 2025 | 14 replies
I'm trying my best to prevent mold growth, so I asked tenants for their renters insurance, to which he said, "our renters was with geico and we just switched insurance providers this month and have not got a policy active yet."
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23 January 2025 | 52 replies
And I know because I was a moderator for a couple of months, but I quit.Being a moderator on the site is thankless.