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18 July 2024 | 40 replies
If you are looking for slow appreciation and high cash flow, look at the midwest and part of the south.
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13 July 2024 | 1 reply
Purchase price: $78,000 Cash invested: $22,000 My first real estate investment was a slow remote BRRRR.
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22 July 2024 | 120 replies
I've studied Rent Control, which is just a subtype of Nixonian Price Controls, and they are always a bad idea, they always produce the opposite of the intended outcome, with run down "slums" as they are unprofitable to maintain at submarket rents, If you read the whole letter, Biden actually has a better idea later down, which is a massive govt' push at fed and state level to increase production of new housing stock at all levels, using tax breaks, incentives to developers, thus eventually lowering rents or at least slowing rise to let incomes catch up.
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15 July 2024 | 2 replies
As we start to do a deep dive of the market, we would like to connect with fellow investors to get the lay of the land, insights on where to start poking around, areas to avoid, what strategies are working for them, etc.
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16 July 2024 | 21 replies
Hi Michael,I like your thoughts of building a large portfolio because it's very important in sub $100,000 markets like Ohio.A large portfolio = A safe portfolio.Personally, I've always been a big believer in buying with cash.Less is more.Once you gain experience and understanding the true income vs expenses of your portfolio.Then look at using leverage for faster growth.It takes many years to learn a market along with establishing a solid understanding of it's "in's and out's" from a people/team perspective.As investors we should always reverse engineer and protect the bottom line first and foremost before looking toward expansion and growth.My "cash only" mentality has served me well over the years in my businesses and real estate endeavors.Especially when things turned South and they always eventually do.Start slow, start small, buy with cash and build from there.Just my opinion and wishing you much successps.
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15 July 2024 | 12 replies
When he is there, they always opportunistically find something to bug him about (slow draining drain, changing a filter on the stove).I have asked tenants repeatedly to email requests and they continue to text them, so I reply with email.
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15 July 2024 | 2 replies
[Bureau of Labor Statistics]Next came ADP’s employment report, where private (non-government) jobs growth slowed for the third straight month to +150,000 in June.
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15 July 2024 | 7 replies
Out of pocket is slow lol saving up one project at a time with only one salary.
15 July 2024 | 5 replies
You'll still be on hold, they move extremely slow.
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14 July 2024 | 7 replies
For example, I've recently spoken to someone about their MTR in Montgomery and they shared their MTR experience has seasonal occupancy, hard to find boots on the ground, contractors are slow and many do not take credit cards for payments, etc.