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25 November 2024 | 11 replies
If it's a larger organization, feel free to inquire about their staff qualifications.2.
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24 November 2024 | 1 reply
I dont believe there is any kind of HOA or ruling organization for these group of houses but it has me concerned that if one day they all decide they want to repave the driveway or add lighting or something along those lines, they would try and make everyone chip in and pay their fair share.
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27 November 2024 | 8 replies
.- We have busy but well paying jobs and don't like to spend time in building sweat equity (BRRR, flip), so will take a slightly low maintenance approach and buy relatively newer properties in B class neighborhoods and use property management for day-to-day operations.Goal:- To get to $10K/month net profits with real-estate (today's currency) in 15 years when we plan to retire.
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25 November 2024 | 0 replies
Donate the Property: Donating the property to a qualified charitable organization can provide you with a charitable deduction equal to the property’s fair market value and eliminate capital gains taxes.Implementing these strategies requires careful planning and consideration of your specific financial situation.
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26 November 2024 | 44 replies
I have an organization and a cost structure that is built for 500k deals, we'd loose money on a 150k deal with % commission.Wholesalers can take a 60k house and mark it up 10k.
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27 November 2024 | 16 replies
It suggests neighborhood analysis, market research, exit strategy, and VA benefits.Good luck!
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22 November 2024 | 9 replies
I haven't been expanding my business with LMHA since the end of 2016 per my posts above so I don't know exactly what changed, but I expect the outsourcing of inspections to private industry + some executive level leadership + replacement of staff with new faces excited to serve the needs of HUD/Landlords/Those In Need has resulted in an agency I will develop more business with.The HCVP will always be a double edged sword for landlords (See Section 8 Bible discussion) but for now I have discovered it is finally worth the effort to participate in the program.I specialize in Toledo's transition neighborhoods, discounted houses on the edge of nicer areas but also on the edge of trash...the Section 8 program allows me to get long-term tenants who are a good business model provided they are consistently managed and visited/inspected for additional "visitors" (relatives and random dogs/cats) and damage/housekeeping which can destroy a home if left unchecked.You need to know the rules, repair and renovate for long-term durability, prepare for inspections thoroughly and keep a team of contractors who will hold those standards...after 8 years we have been through a hundred inspections.
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26 November 2024 | 16 replies
It is a very block by block city depending on the neighborhood.
26 November 2024 | 3 replies
*Neighborhood drive bys could get you shot.
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27 November 2024 | 13 replies
That means no HOA neighborhoods, which rule out many places. 3bedroom might make it tough to work, unless you're sleeping in the laundry or garage and renting full 3bedrooms.