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Results (10,000+)
Kody Smith Transition from SFR to Multi Family 10-20 units
6 January 2025 | 17 replies
Quote from @Kody Smith: without getting too deep into my finances, what my strategy is...1. take loans to buy properties (leverage)2. fix/flip for day to day cash flow income3. use some of the fix/flip income to buy consistent cash flow through:- business acquisition, - commercial properties (MF and store fronts),I have no intention of doing ALL of the management myself, I will hire management as needed (medium term goal)my expected core role is money provider, evaluating the numbers, making decisions, and connecting with investors, wholesalers, lenders, contractors, and property owners.while I am just on step 2 of the journey, I am looking toward step 3 to stabilize, and not worry about if house prices drop mid project or not (or not worry as much) So to be fair this is more about obtaining and growing a real estate business not simply buying rentals for cashflow.
Erica Dike Design Dilemmas: What's your biggest struggle with designing your vacation rental?
5 February 2025 | 28 replies
:)There are always some kind of good deal on furniture out there and I just have to pass because I am not currently looking to outfit another STR and I have no space.I would love to have a 10k sqft warehouse to store stuff when I find it so I have it @Patricia Andriolo-Bull
Chris Kay How Far Does $50k Go for Rehab?
15 January 2025 | 14 replies
The flush mount hinges are about $8 for 2 at the box stores and I think I’m getting boxes of 50 for around $60.
Alexander Szikla Rockson Advisory’s Year In Review: Thriving on the Real Estate Rollercoaster into 202
1 January 2025 | 0 replies
This year promises fresh opportunities in commercial real estate — and we’re here to help you navigate them.
Paulette Midgette A Contractor I Would Not Recommend
17 January 2025 | 12 replies
I immediately went to the project and took the contractor to the store to buy all of our supplies. 
Marc Shin Boardgames and other low cost amenities in STR
28 December 2024 | 19 replies
I think Collin is being a little tongue in cheek with the Boone's Farm comment.I work with a local, large wine store, wait for their semi-annual sales when they compound discounts and buy 2 cases of each (white & red) for the largest discount.Basically I'm setting out wine that retails for $11-12-13 that I have paid $7-8 a bottle.  
Michael Poloncic Tenant breaking their lease
9 January 2025 | 8 replies
Send a notice: The landlord can post a notice in a visible place and send a notice by mail to the tenant's last known addressRemove belongings: The landlord can remove the tenant's belongings and store themRecover costs: The landlord can recover the costs of moving and storage from the tenantSell belongings: If the tenant doesn't claim their belongings, the landlord can sell them at a public sale(End)Please only communicate with the tenants - all of them - in written form only so it can be used in any collection/court engagement. 
Damon Albers tenants breaking leases and excessive damage make it hard to be profitable
5 January 2025 | 39 replies
Then my second house which was freshly turned had a tenant that up and left after a couple of months and caused excessive damage. 
Philip Ganz How does a Deferred Sales Trust work?
2 January 2025 | 12 replies
I think THIS can be better than a 1031 exchange because the seller will start off with a fresh depreciation schedule in the new property.
Elizabeth Orth-He How do you handle STR laundry for larger properties?
26 December 2024 | 9 replies
Then you can take them off-site yourself so you have time until the next changeover or create another option for the cleaners that they go back and finish the sheets and store them so their changeovers will be easier as well.