
8 May 2024 | 33 replies
For me, none of these variables looked favorably for the smokie investors buying at $500/sq ft.

7 May 2024 | 16 replies
Bookkeepers who serve REIs have to have a good amount of U.S. tax code knowledge or at least have to know where to find the info.You're not going to get this for $4/hr.I think outsourcing other activities to other countries to take advantage of exchange rates can be effective but do yourself a favor and don't do this with your bookkeeping/accounting/tax advisory/tax filing/etc (anything financial).Just like Kristen Ambrose, we see really screwed-up bookkeeping records from these types of situations all the time.
6 May 2024 | 13 replies
At least do yourself a favor and look into those areas before settling for the burbs!

7 May 2024 | 19 replies
Most if not all have lengthy agreements with clauses after clauses that are designed not to favor you if you want more autonomy in your property.

6 May 2024 | 6 replies
They refused to repurchase two from me, which had me worried, but I ended up selling each of them for 30-40K more than I was going to sell to them for, so they did me a favor... poor decision making all around.

4 May 2024 | 11 replies
I disclosed to my lender that the Wholesaler was making 5k so then it made me look like I was lying to my lender when the HUD clearly showed the Wholesaler was making 15 KI recently had another transaction where a Wholesaler renegotiated a lower price after the fact.I’m assuming that where the wholesalers have that ability to make that extra is that they are naming the price that the buyer is willing to pay and not necessarily naming the dollar amount that they are assigning their contract for so this gives them the leeway to keep trying to get a lower price from the original seller, even after the fact of going through the motions of transferring their rights to the property to a new buyer.

8 May 2024 | 26 replies
And none of them in the landlord’s favor.

8 May 2024 | 50 replies
If you buy in areas you can comfortably afford that is growing, favorable laws( I know Carlos P is going to disagree with me here due to Cali), and ideally under the median price you'll make out like a bandit.

6 May 2024 | 7 replies
But once its sold, its certainly not making you any more money.You'll get a more favorable rate by doing a reduced leverage refinance, but almost every lender will put some kind of a prepayment penalty on there (usually ranging 3-5 years), so you won't be able to really "pull" from the equity consistently without incurring some financial implications, so it really does depend on what you are looking to do next.

6 May 2024 | 8 replies
Since they are solely transaction based and don't have to deal with tenants after they move in:1) Many are only interested in getting their commission and moving on2) Many think they are doing everyone a favor by working with a lease client, because they could be making so much more working on sales transactions3) Many complain about screening processes as they only see them as:---Potentially costing them their commission if their client isn't approved or finds something else during the process---Slowing down their commission payment4) NEVER allow an agent to screen a leasing prospect as they have a conflict of interest!