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1 December 2024 | 134 replies
I live 2 blocks away :) I had another one in Portland proper same thing you could not get in it stunk so bad you could smell it from 15 feet away as you walked up..
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25 November 2024 | 23 replies
You’ll need a decent printer, quality paper, envelopes, and time to process everything, plus the patience for repetitive tasks.Outsourcing, while more expensive, saves a ton of time and ensures a professional look.
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26 November 2024 | 35 replies
Several things to consider: 1) One of the main purposes of segmenting your assets into separate LLC's is so that your personal net worth or equity in other business ventures or properties isn't exposed, so unless you have a high net worth or a lot of equity in a property, it might not be worth bothering going the separate LLC route, especially when it restricts your financing of the property. 2) Most any commercial financing you get from a local bank for a small property is going to have recourse anyhow and require that you sign a personal guarantee, so you're still personally on the hook to the bank even in the case of a commercial loan. 3) If you're a newer investor and buying a deal that's tight on cash flow, or if you don't have a ton of cash sitting in the bank already, your greatest risk factor as an investor is your investment failing economically due to poor financing terms or not operating the investment properly, not because you get sued.
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21 November 2024 | 3 replies
I always tell my clients to put a reminder on their phone to go off monthly to ensure they pay off all debts like this that can cause them to have higher credit scores.
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20 November 2024 | 5 replies
The 70% rule suggests buying a property for 70% of its ARV minus repair costs to ensure profit.
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21 November 2024 | 12 replies
Wholesalers typically do not carry Errors and Omissions (E/O) insurance, so even if the court rules in your favor, they might not have the financial means to compensate you.Furthermore, ensure that a reputable title company handles the transaction, as some companies may cut corners.
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23 November 2024 | 9 replies
Ensure your first property remains stable and your finances are ready for another investment.Good luck!
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20 November 2024 | 1 reply
I would regularly update your photos to reflect seasonal changes or recent upgrades, ensuring they are high-quality and well-lit.
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27 November 2024 | 10 replies
The risk of the business is on you and whether you have the expertise to pick the right asset, in the right location, and operate it properly.
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27 November 2024 | 13 replies
However, in markets, like Dallas - proper, condos do well, but there are so many things to consider.