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14 November 2024 | 40 replies
prices are high, interest rates are high, there is tremendous demand for inventory by both retail / primary buyers and investors, good contractors are booked up, some materials are still expensive. ' can't we just be honest that (1) if you are in a strong financial position, then yes, RE is still a good investment and ALSO (2) it's way more difficult than it was in 2016?
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11 November 2024 | 3 replies
That will put you in a strong position when you start investing in real estate.Using this time to learn and prepare is a smart move.
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11 November 2024 | 0 replies
However, investing in Opportunity Zones also allows you to have a positive impact on the community.
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7 November 2024 | 1 reply
here is the situation. i left a really good paying job to take care of my 81 year old parents because my dad is chronically ill and my mom is almost there. i wont go into too much detail, but my sis doesnt help them. ill leave it at that. we have a person who comes twice a week to help with cleaning and other household tasks. i carry the bulk of the weight cooking their meals, running errands, grocery shopping, picking up meds, and taking them to dr appointments. its a full time job. i get a small salary of $1000 a month from a care giver sub contractor for the VA. ive been paying my bills with what savings ive had, but only have a few months of funds left. i own a duplex. i have over 200k in equity. i live in texas and texas has weird laws about refi and heloc/heloans when the property is 4 units or less and owner occupied. i would rather not sell, but if thats my only option i will have to at some point.does anyone have any advice or possibly be able to point me to lenders who might be able to work with my situation?
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14 November 2024 | 19 replies
Hey @Mo Karim, I've had a very positive experience operating a MTR in Dallas.
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11 November 2024 | 5 replies
If you feel the need to let them know you will be taking care of any outstanding maintenance requests, that may be positive news for themGino
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11 November 2024 | 16 replies
You’re on vacation :)” This change was made about six months ago, and it became one of the most frequently mentioned positives in our reviews.Well-Stocked Kitchens: In my opinion, this is hands-down the most underrated amenity in our industry.
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11 November 2024 | 19 replies
I heard that phrase a while back (I think it was a BP podcast) and it stuck with me.This has been a long time coming, but my wife & I finally worked ourselves to a position to make that decision.
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11 November 2024 | 65 replies
Operator positions themselves as the owner of the Property Management company when they in fact, are not.
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8 November 2024 | 3 replies
We use a YTDpaystub and last year’s W-2(s) to calculate income several different ways:Hourly or salary income calculated to a monthly amountYTD income divided by number of YTD monthsYTD + W-2(s) income divided by the corresponding number of monthsIf these numbers vary too much, then we investigate and require an acceptable Letter of Explanation.Employment StabilityUnless an applicant has exceptional credit, we strive to determine their stability of employment to make surethey’ll always be able to pay the rent on time.