James Wise
Failed Leadership is why California is on fire.
17 January 2025 | 135 replies
They don't just roll in with D11's and clear the place.
John ONeill
Confessions of a First-Time Flipper: What I Wish I Knew Before I Started!
13 January 2025 | 11 replies
I strongly advise anyone purchasing an old house to flip to ensure they have a clear understanding of the condition of the home's drainage system.
Mario Sanchez
What real estate books would you guys recommend
6 January 2025 | 2 replies
I started with Ken McElroy's books, because 1) clearly he knows what he is talking about given his track record and trajectory and 2) because I had easy access to them.
Nate McCarthy
How to approach landlord about buying their rental?
13 January 2025 | 12 replies
This could be an opportunity to add value by offering to help with clearing or relocating those items as part of any potential agreement.Why This Could Be a Good Move for YouYou see long-term potential in the property, especially with the large lot and development possibilities (even if those are years down the line).As the current tenants, you have the advantage of a direct relationship with the landlord and familiarity with the property, reducing competition and risk.This could be a chance to lock in a property that you might otherwise lose if it hit the open market, especially in today’s competitive environment.Challenges to ConsiderIf the landlord is emotionally tied to the property or reliant on rental income, they may be reluctant to sell.Financing could be tricky, especially with today’s interest rates and the gap between the current rent and what a conventional loan might cost.The development potential you’re interested in is likely a long-term play, which means the property could be financially tight in the short term, especially if you’re only breaking even or slightly negative on cash flow.Structuring a Potential DealTo make this feasible, you’ll likely need to explore creative financing options that align with both your financial capacity and the landlord’s goals.Seller Financing: Propose a deal where the landlord acts as the lender, allowing you to make monthly payments directly to them.
Guillermo Perez
Rate my first BRRRR
8 January 2025 | 22 replies
Did you have a clear detailed scope of work?
Janine Sharma
1099 or W2 for onsite MHP property manager?
12 January 2025 | 7 replies
The IRS is very clear about the distinction between the two scenarios. 1099 subcontractors provide their own tools, set their own schedules are not directed by the hour.
Raul Velazquez
REI in Vancouver, BC
17 January 2025 | 9 replies
By then I expect to have a clear plan so I can move into action.
Kolby Knickerbocker
should I sell a property to pull out $500K and invest it elsewhere?
15 January 2025 | 18 replies
It's just not clear what you are actually doing here.
Tammy Elias
Change in Management
15 January 2025 | 8 replies
Clearly, shes not happy and an unhappy tenant usually results in more issues down the road, and you can bet they'll be expensive issues.
Kyle Cross
Is investing with family inheritance a good idea?
6 January 2025 | 8 replies
Are they free & clear or have loans on them?