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11 August 2024 | 49 replies
@John K.again - the point of a house hack isn't to cash flow.say you can rent for $2000, or you can house hack, and when you house hack, your mortgage is $5000, but you collect $3100 in rent.you still house hack.
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9 August 2024 | 8 replies
The other very old school option is to just knock on doors, my first apartment appraisal thats how I collected rental data on competing complexes.
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9 August 2024 | 20 replies
The sales and onboarding team (the team who collects your documents) are good, however, after they pass you to the actual property manager, it was very bad experience for me.
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8 August 2024 | 2 replies
If I hired a PM that would also take care of collections (among other things) would I still need a service like rent redi?
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9 August 2024 | 16 replies
I did better than collecting rent.
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8 August 2024 | 4 replies
The rest have a combined worth of about 1.5 million but aren’t owned free and clear yet.All Properties are collecting rent and generate about $16,500 (profit) a month in Cash flow after mortgages/expenses.
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7 August 2024 | 0 replies
If I hired a PM that would also take care of collections (among other things) would I still need a service like rent redi?
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10 August 2024 | 14 replies
About 4 years ago we purchased a retail center for cash and after stabilizing the tenancies financed $650,000 at 4% fixed 20 years with this lender. 3 months ago this lender allowed us to wrap their note in a new first lien we provided to a buyer with a 10% interest rate - essentially granting us the right to collect the differential between 10% and 4% on the principal balance (currently $610,000).
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10 August 2024 | 11 replies
During this year, I've experienced inheriting a crooked property manager I let go on day 1 that tried collecting rents from tenants weeks after, an eviction (same person) and a successful lawsuit against a non performing seller that backed out the day of closing.
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14 August 2024 | 134 replies
Avestor is another company that's offering these combination of investment to be available while they would collect another layer of commission.