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31 October 2024 | 10 replies
As a Stessa Pro member, I rely heavily on its features to manage my properties, and while sending over the tax package reports works well (since the Income Statement and Balance Sheet are standard for most accountants), my bigger challenge has been finding a real estate-savvy CPA who doesn’t charge more than my annual cash flow for their services!
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31 October 2024 | 44 replies
If you have 6 digits coming in cash you can definitely spread that around wisely in Ohio using proper leverage, but I would be careful about planning to scale before your feet are even wet.
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5 November 2024 | 22 replies
Especially if you have a signed lease, proper notices delivered after non payment, and a tenant ledger.What was his case at the first hearing on why he did not owe rent?
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7 November 2024 | 18 replies
Also, sent my coach and Peter (in FB group) some deals that I felt are worth looking at, but they kept denying my deals without even looking at them properly.
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31 October 2024 | 12 replies
A challenge we’re all facing is balancing profitability with the higher cost of borrowing.What type of loan programs are you offering right now, and how flexible are you with structuring deals that involve short-term flips or long-term buy-and-hold strategies?
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1 November 2024 | 2 replies
If it was properly done, it's recorded and should be visible on the title report.
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6 November 2024 | 54 replies
I hung on the cubicle for balance with my head down and kept muttering to myself, no door, no door.
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28 October 2024 | 8 replies
Or look at the properties listed for rent on Zillow and note how long they've been posted.How much is your primary worth and mortgage balance?
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31 October 2024 | 5 replies
Investors here often find properties at lower entry prices than in other markets, with a good balance of appreciation and stable tenant demand.
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31 October 2024 | 0 replies
Total Active Listings: 2,349 (up 17% over last year)Total Pending Listings in the Last 7 Days: 248 (1% down from last year)Total Sold Listings in the Last 7 Days: 139 (1% down from last year)Average Days on Market: 40 (vs 36 last year)Average Sales Price: $359,167 (vs $335,323 last year)Number of Price Reductions in the Last 7 Days: 688 (vs 606 last year)Sales to List Price Ratio: 97.6 (vs 98.83 last year)Number of Expired Listings in the Last 7 Days: 152 (exactly the same as this time last year)Number of Agents: 8,518 (150 less than last year)Interest Rates: About 7% (vs 7.875% this time last year)Key takeaways: We're seeing more active listings and price reductions but less pending sales, resulting in a shift from a seller's market to a balanced market.