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21 November 2024 | 14 replies
Most experienced people are limited by deal flow, so you offering to bring them deals could be a huge value add to them.And while you are working to meet investors and source deals, I would be doing everything to clean up your credit.
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24 November 2024 | 19 replies
This can lead to more opportunities and partnerships.Market Understanding: As a property manager, you'll gain a deeper understanding of the local market, which can be invaluable when you start acquiring your own properties.Steady Income Stream: Property management can provide a consistent income, which can be particularly beneficial in the early stages of your real estate venture.Skill Development: You'll develop a range of skills from customer service to maintenance oversight, which are crucial for successful property ownership.Brand Recognition: Establishing a presence as a reliable property management company can boost your reputation, making it easier to attract tenants and investors when you start acquiring properties.Cons:Time Commitment: Property management can be time-consuming, especially if you're dealing with multiple properties or demanding clients.Regulatory Compliance: Staying compliant with local laws and regulations requires diligence and can be complex.Conflict Resolution: Dealing with tenant issues and conflicts is an inevitable part of property management and can sometimes be challenging.Financial Risk: There are financial risks involved, including late payments or damage to properties.Market Fluctuations: The property market can be unpredictable, affecting both rental income and property values.Overall, starting with a property management company can be a smart way to enter the real estate space, especially in an area with a clear need for such services.
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21 November 2024 | 25 replies
Who is Bob Stevens AKA Bob Prisco and what's his involvement in Cleveland?
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22 November 2024 | 5 replies
A family member contacted me directly, so my agent hasn't been involved at all with this deal so far.In that case, the only reason that you would pay him the 3 percent is you wanted the assistance with the whole process from negotiation, home inspection, negotiating any repairs, mortgage and closing and title referrals.
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23 November 2024 | 9 replies
A couple other names not confirmed I’m still connecting the dots BUT are affiliated or at minimum names on many of these confirmed fraudulent documents but unclear their actual involvement.
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20 November 2024 | 9 replies
Albert asked about filing a lawsuit against the tenant, which apparently involves a tenant's complaining of personal injury resultant from being in the unit.
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28 November 2024 | 23 replies
If you don't have VAs or don't have other owners involved, it might be all you need.
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21 November 2024 | 4 replies
To learn creative financing, you'll want to get involved with your local REIAs, listen to podcasts, follow people who are educators on creative financing, etc.
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21 November 2024 | 4 replies
For example, I have a property that was announced as a grant funding development for 2025, along with the need to buy neighboring lots to clean up the land.
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22 November 2024 | 4 replies
It may involve creating a trust or moving the deed into an entity.