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12 December 2024 | 6 replies
@Monica Juarez-Gonzales Adding to prior note that @Michael Plaks has created the best resources and content, bar none, to help investors understand how to approach Cost Seg.
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12 December 2024 | 10 replies
also did you create a business entity for this operation and how did you go about that?
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12 December 2024 | 2 replies
By doing this, I can better match deals to their needs while creating a smoother and hopefully faster process for both the seller and the investor.
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13 December 2024 | 4 replies
I appreciate your ready-fire-aim approach, @Brendan Duggan, but you’re likely creating loans that might only be saleable at a discount.
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15 December 2024 | 7 replies
Thanks Don, that is both enlightening, and created new questions as I have 2 potential deals that could be classified as commercial, both are airbnb portfolios, with one being 3 singe family units, and the other being a single site with multiple units (11 units,themed resort style).
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17 December 2024 | 16 replies
The ability to create equity and cash flow without “finding” deals is beyond amazing even with the upfront cash challenges.
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10 December 2024 | 4 replies
We remodeled and remarketed the property to entrepreneurs and business professionals who want a coliving/coworking community.It was perfect because each of the 12 bedrooms had its own private bath and we created community areas.
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16 December 2024 | 18 replies
Furnished Finder does make it tricky since you need separate profiles for each room, but platforms like Apartments.com or Airbnb might work better if you're aiming for full-house rentals or structured by-the-room arrangements.If you decide to rent to multiple individuals:Tenant Screening: Screen each tenant thoroughly to ensure they’re reliable and responsible.Clear Communication: Introduce potential tenants to one another Detailed Agreements: Use separate leases for each tenant and specify shared vs. private spaces, utilities, and maintenance responsibilities.House Rules: Create clear, written house rules to prevent misunderstandings.Inventory Tracking: Document everything in the home (furniture, appliances, etc.) to avoid disputes about damage or missing items.Also, market your property with its flexibility in mind—like proximity to hospitals for traveling nurses or universities for graduate students.
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1 December 2024 | 2 replies
Specifically, creating a property project timeline for work that needs to be done and when to prioritize XYZ.
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10 December 2024 | 9 replies
There are a handful of gulf front complexes that still cash flow positively but you need to be very careful as to which complex you choose as not all complexes and especially HOA's are created or managed equally.