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2 October 2024 | 16 replies
I’m eager to learn the ropes, connect with experienced investors, and share my journey along the way.
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3 October 2024 | 3 replies
@DemarquisMaybe initially see if you can do a Joint Venture with an experienced investor to get feet wet
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4 October 2024 | 4 replies
The city is experiencing major growth with developments like the $500M amphitheater north of downtown, steady appreciation rates (around 6% YoY), and housing prices that are still very reasonable compared to other markets.If you’re open to investing in Birmingham, feel free to shoot me a message.
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6 October 2024 | 15 replies
He's very experienced and has an assistant, and he is now working independently.
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4 October 2024 | 33 replies
This journey has been a testament to the power of action and perseverance.Key Takeaways:1.Education is Essential: Invest in your knowledge and seek guidance from experienced mentors.
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7 October 2024 | 38 replies
They weren't experienced operators.
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3 October 2024 | 2 replies
Having your handyman do showings could be a solution, but keep in mind that if he’s not experienced in tenant screening, it could expose you to more risk, especially with squatters or less reliable tenants.You mentioned using something like Showmojo for smart access, which is great for efficiency, but I’d suggest ensuring you have solid procedures for background checks and tenant screening if you go that route.As someone who’s owned a property management company for 5+ years and manages over 300 units, I’ve seen the impact of not properly screening tenants.
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3 October 2024 | 6 replies
Hi all, curious for your experienced input.
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3 October 2024 | 6 replies
@Irene Morgovsky what you are experiencing is that rents do NOT increase linearly with property values.Or look at it another way, the pool of renters that can afford higher & higher rents, shrinks faster than a corresponding pool of buyers.You could look into making it a short-term rental to try to improve rental income, but:1) Is it allowed in that area2) STR rates are coming downYou may have to accept "negative income" or sell.
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3 October 2024 | 3 replies
Because you admit you do not know the structure, traps and pitfalls of subject to, you need an attorney that is experienced in contracts to walk you through this.