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29 October 2024 | 5 replies
This can be a useful tool in situations where a tenant is uncooperative or unwilling to leave, but it's important to approach the process carefully to ensure that it's successful.
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31 October 2024 | 19 replies
Be careful with that BRRR stuff.I personally would not do Remote BRRR as there is just a lot of risk with 1) risk of embezzlement with contractors 2) change orders and 3) bank doing bait and switch doing a lower appraisal and/or LTV on the refinance.Most service providers net worth is under 500-1M net worth and I just did not feel comfortable working with them because they would screw me over when I wire over 30-50k checks to do work.
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31 October 2024 | 12 replies
I would think very carefully about ceding control over the investment given you are all inexperienced.
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28 October 2024 | 6 replies
I don't care what peoples' opinions are.
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30 October 2024 | 35 replies
If you can lever up 4x to 5x on a $2M property that doubles in value every 10-12 years, who cares about landlord-tenant laws?
29 October 2024 | 7 replies
100% Take the money while you won't pay taxes on it and simplify the plan while you are taking care of the kids.
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26 October 2024 | 10 replies
Less skin in the game & delegating responsibilities such as guarantee, GP equity with less scrutinyAs an LP who can only write smaller checks, why go with the GP who falls under the larger syndication category?
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28 October 2024 | 3 replies
If you plan to house hack, I recommend you not to expect any cash flow.Living with friends can work, but it's important to approach it carefully.
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31 October 2024 | 17 replies
I have found that careful tenant screening is critical.
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28 October 2024 | 6 replies
Of course my Property Manager takes care of the units now but I do not think they do.