Ashley Wilson
2025 Goal Setting Tips for Success
22 December 2024 | 0 replies
While not every mentor is a guaranteed path to success, proper vetting through referrals, review of a mentor’s track record, and alignment between the mentee and the mentor can shine some light on whether or not this relationship is a good fit.
Sean Gallagher
Scaling out of state while busy working my W-2
12 January 2025 | 23 replies
There is a company names Hemlane that offers that "light PM" service that may be interesting for you instead of a full blow PM company that may cost 7-10% of revenues.
Marc Shin
STR - pets vs no pets
16 December 2024 | 21 replies
Lastly, while birth rates are declining the # of pet households is increasing.
Jewell Arceneaux
Attention Investors: Scale up starting with FHA
14 December 2024 | 6 replies
Here are the common exceptions:Relocation for Work: If your job requires you to move a significant distance from your current property (usually over 50 miles), you may qualify for a second FHA loan near your new workplace.Increase in Family Size: If your household has grown, and your current property no longer meets your family’s needs, you may qualify for a second FHA loan to purchase a larger home.Co-Borrower Separation: If you co-signed on an FHA loan and are no longer living in the property (e.g., after a divorce or separation), you may qualify for a second FHA loan for your primary residence.Non-Occupying Co-Borrower: If you were a co-signer but did not occupy the original property, you may qualify for another FHA loan as the primary borrower.Important Note: FHA guidelines typically require you to demonstrate that the current property will not meet your needs or is no longer feasible as your primary residence.2.
Matthew Drouin
Good Cause Eviction Law Passed - 3 Things You Need To Know
30 December 2024 | 15 replies
.✅ Secondly, good cause has a max cap on yearly rental increases at a certain margin above CPI or 10%, whichever is less.For those of you who own stabilized, high quality housing like we do, this shouldn’t be a problem.But instead of keeping rents flat because you are a nice person or increasing just a little bit, you could get yourself in trouble when it comes to funding future major repairs and capital expenditures.As long as you are increasing to what the market will bear, you will be in good shape.Also if you are looking at purchasing blighted, dilapidated housing with the intent of raising rents and financing improvements to the property, you will have to take this into consideration and buy accordingly and on in place rents not projected rents.On the implementation side, however that pans out, you might be able to get these necessary rent increases to finance repairs but you may need to go to housing court in order to get the green light but we are just not sure at this point and remains to be seen.✅ Thirdly, in regard to objectionable tenancy and nuisance caused by disruptive tenants, you will need to document these violations with undeniable evidence.Because police reports are not usually able to be procured due to disturbances like drug trafficking or domestic violence, you’ll need to take matters into your own hands on producing that documentation.I recommend getting security cameras installed in all common areas and outside your properties.I’ve used SimpliSafe security cameras but you’ll need to install WiFi service at your properties so that you can maintain recordings in the event of violations and add to your lease that any tampering with said cameras constitutes a lease violation as well.This is still developing and once we get further clarity, we will host a round table with legal experts on how to best protect our properties and residents.
Rereloluwa Fatunmbi
Seeking Advice to Improve STR Performance in East Downtown Houston
18 January 2025 | 21 replies
Make everything neutral (decor and lighting) and get new pics.
Otis Clayton
What is the best way to partner with someione to buy real estate?
24 December 2024 | 24 replies
This will shine a light on the areas you have gaps.
Tina Artigliere
Quest Trust Suddenly Closed down Administration on their Solo 401K Plans
17 January 2025 | 24 replies
Facts will also change, I'll edit as appropriate.So.Quest Trust aka Quest IRA sold to Millenium Trust (now Inspira, ugh, did the Bud Light marketing lady get hired there?
Darlene S.
Avantstay pros cons for an owner? Short Term Rental
17 January 2025 | 33 replies
Not impressed with other large institutional managers who are very light with boots on the ground and in many ways have the attidude they are assisting you in managing the property, not managing it for you.
James Wise
Why do people Buy Property in California
15 January 2025 | 192 replies
Now keep in mind, median household income here in MN midwest and CA is almost exactly the same, just over $100kyr.