Noel Coleman
Unlicensed & Uninsured Contractors
6 January 2025 | 7 replies
If they will "cut corners" by not getting licensed, how well will the quality of work be?
Jacob Anderson
Is it foolish to use a HELOC for a down payment on a rental property?
6 January 2025 | 11 replies
By wasting it on the DP you tie that money up for years.
Rereloluwa Fatunmbi
Seeking Advice to Improve STR Performance in East Downtown Houston
15 January 2025 | 6 replies
I would also cut down on the photo count.
Chris Magistrado
Cybersecurity, Recruiting, or Real Estate?
14 January 2025 | 3 replies
I like the idea of getting a great deal, so should I take a pay cut, invest in getting my real estate's license, go the CCIM route, and find a broker to sponsor me until I'm a CRE broker and earn of the commission and get into bigger deals as a GP?
Mitch Smith
What we have learned from flipping homes in the San Diego market.
10 January 2025 | 8 replies
We have our own design team, contractors, and real estate agency under one roof, which saves time, cuts costs, and improves communication across projects.
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.
Danae Pitcher
2025 - Where We Are Going & Where We Have Been
2 January 2025 | 7 replies
He also doesn't control regulations in the states/cities, but his attempts to cut regulations may trickle down and impact personal property rights and people's ability to use their properties as they see fit.
Lilia Matlov
Risks and Opportunities Coexist
11 January 2025 | 4 replies
If you’re using leverage, be extra cautious with your underwriting to ensure the deal still works at today’s rates.Economic Uncertainty: Inflation, potential recessions, or shifts in demand could affect rents, vacancy rates, and property values in some markets.Increased Operating Costs: Rising insurance premiums, property taxes, and maintenance costs can cut into profit margins, particularly for buy-and-hold investments.Regulatory Risks: Some areas are increasing restrictions on landlords, particularly short-term rentals.
Jennifer Gill
Do Not Call List - sick of calls!
7 January 2025 | 5 replies
I've cut 99% of unwanted calls doing this routine.
Jorge Borges
Has anyone worked with Tardus Wealth Strategies?
15 January 2025 | 144 replies
Now do it all over again but since you're getting that previous $300 you're now paying $2600 which cuts the time down again.