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16 November 2024 | 6 replies
A pro tip is if you call shared office spaces or co working spaces in your city they also offer virtual mailbox services at usually better prices than the national ones!
15 November 2024 | 4 replies
Here’s the quick-and-dirty lowdown to get you started:1️⃣ Where to Look:LoopNet & Crexi: Good for commercial deals, though the best ones go fast.MLS (Multiple Listing Service): Access through a realtor for hidden gems.Auction Sites: Think Auction.com or HUD homes for distressed properties.Direct Mail Campaigns: Target landlords with older properties (especially those with code violations).2️⃣ Systems for Finding Deals (Step-by-Step):Set Your Criteria: Market, budget, unit count, rehab level.Build a Deal Funnel: Use LoopNet, Crexi, wholesalers, auctions, and brokers.Analyze Quickly: Use a property calculator to see if it cash flows.Direct Outreach: Contact sellers or property managers directly.Get Your Network Tight: Property managers, realtors, contractors—they’ll drop the best leads.3️⃣ What Makes a Good Deal:Cash Flow Positive from Day 1.Below Market Value (usually needs rehab).Upside Potential: Think rent increases, better management, or refinancing options.4️⃣ How to Become the Better/Best:Study the Market Like a Hawk.
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15 November 2024 | 5 replies
Not sure where your STR is located, but you might want to look into local STR management companies that also offer staging services.
15 November 2024 | 5 replies
Is there a no win / no fee type of service I should be searching for?
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15 November 2024 | 16 replies
I forgot to mention, it's meant to be turnkey so they manage it, and their split is 10% of gross income before all costs and debt service etc.
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9 November 2024 | 21 replies
2> Terms and best practices: What are some ways to better set myself up to qualify for long term debt service products?
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17 November 2024 | 33 replies
Imputed expenses are important because they will be included as Operating Expenses when a lender appraiser does its appraisal, and also when the lender calculates its Debt Service Coverage Ratio.Regarding pest control, it's not just monthly roach spraying.
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17 November 2024 | 9 replies
Hi Friends, -Any recommendations for a reputable Cost Seg company servicing San Diego, CA?
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19 November 2024 | 21 replies
I also help out of town LLs with consulting services to stay on top of their properties here.
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15 November 2024 | 1 reply
However, I just received a text alert that I must agree to their new Terms of Service by 10/7/24 to continue processing payments.