Colin Ford
BRRR long term buy and old for STR or long term rentals
12 January 2025 | 12 replies
A successful STR needs a good bit of cash upfront and if you’re doing a BRRRR then even more now for rehab. 100% financing everything and the rehab is not advisable unless you’re a very skilled and hands on STR investor.
Jeffrey Edwards
Fail forward and fail fast is my motto
2 January 2025 | 1 reply
Learned some negotiation skills through this deal.
Ashley Mierez
What are investors looking for from wholesalers?
7 January 2025 | 7 replies
They also appreciate honesty and transparency so they can make decisions fast without any surprises.Some of the top skills that you can focus on are:Comping: Knowing your comps inside out is a must.Negotiation: Being able to connect with sellers and strike a good deal is huge.Networking: Relationships with buyers, agents, and other wholesalers are invaluable.Also, Get to know your local market being able to talk the talk in your area will help a lot.
Ashley Wilson
Pros and Cons of Joining a Coaching Program
27 January 2025 | 29 replies
Over-relying on a coach for every decision can hinder your ability to develop critical thinking skills and confidence in your own judgment.5.
Chase Pomerantz
Newbies looking to break into real estate investing
7 January 2025 | 8 replies
It could be some sort of skill set for renovations, design for furnished rentals, specific market knowledge, owner occupied loan products for a house hack, etc.
Mark S.
preREO - First Mortgage Secured by Vacant Property
24 January 2025 | 42 replies
I think anyone who’s trying to sell homes like this for the amounts they are asking lack basic skills in the real estate world.
Kenneth Jenkins
Maintenance Expectations in Metro Detroit
3 January 2025 | 6 replies
@Kenneth Jenkins you forgot to mention owners that expect a PMC to use contractors off Craigslist that are unlicensed, NOT insured and rarely have acceptable experience/skill - but, they quote the "best" price.These same owners will sue a PMC if using these types of contractors results in a tenant lawsuit.
Sebastien Tinsley
Looking to begin my journey into REI
13 January 2025 | 45 replies
And you can do it with little cash, 5% down conventional is better than 3.5% FHA.House hacking also gives you a chance to cut your teeth in all major skills: analyzing deals, buying process, financing, working with contractors, advertising for rent, background checks, property management.
Eric Coats
Running STR #s for Newbie
29 January 2025 | 20 replies
You are basically doing a flip first, which requires a whole different set of skills.)So, with $50k revenue, if you hire a PM, they charge 20%, so you give up $10k right away.
Elizabeth Leb
What would you do with 20k?
9 January 2025 | 28 replies
Some of us have a lot of experience and could make that $20k stretch into something, but we have skills you don't.