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26 February 2024 | 42 replies
If you aren't able to commit the time to it, then you'll either need to hire a PM (which will eat away at cash flow) or devout time to make it stand out2) The STR market is still alive and active, but those investors who are not putting effort into their properties may start to suffer3) If you need to hire a PM, making sure you have a quality one is important (and not being afraid to move on from one that isn't performing well)Thanks for everyone's comments thus far!
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25 February 2024 | 4 replies
Hi Josselyn,That's a tough situation to be in, but I admire your commitment to rectify the situation not just for yourself but for your tenants as well.
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25 February 2024 | 7 replies
If you're committed to maintaining your property and navigating the administrative processes, Section 8 can be a financially and socially rewarding investment.I hope this helps, and best of luck with your decision!
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25 February 2024 | 12 replies
@Alexander WardellBefore you commit to any money clear the planning and zoning, some local issues like fire marshal have a lot of requirements I looked at this a few months ago and the city requires a zoning petition taking months .
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27 February 2024 | 43 replies
Hey Mary,It's not rude at all, and it makes sense that you want to see before you decide to commit.
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28 February 2024 | 130 replies
Owning 30 rental properties is a substantial endeavor, and your commitment to a long-term strategy is wise.
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24 February 2024 | 5 replies
It's always wise to assess one's financial readiness before committing to such a significant investment.So whether you go sub2, seller financing or some other method, its all debt - just a matter of who is providing it.
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24 February 2024 | 22 replies
Then it sounds like your ex had committed some serious crimes.
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24 February 2024 | 6 replies
@Sigyfredo IniguezInterview multiple brokerages and learn about their culture, split, and commitment to seeing you succeed.
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26 February 2024 | 32 replies
Happened too many times for first 3-4 years.There is no risk of loosing the "deposit" either and it's just a bit of skin in the game even tho the skin is always yours to keep heheCovered all angles mate and made this as fool proof as possible but still enough to make folks "jump" through hoops to see who is legit and who isn't.As Chris mentioned, 90% of investors we don't end up working with and even when many commit to the deposit, I refund many times as I don't feel a good fit.Even with such stringent criteria, we still get mud thrown on us here on BP as some folks slip through the cracks.I could only imagine if we took on everyone and just focused on pushing sales.I can sell a TV to a blind man and ice to an eskimo.