H. Jack Miller
Are you experiencing highers Evictions and Lower Rents?
5 November 2024 | 17 replies
Lower or flat-ish rents for sure.Evictions, fortunately, I own in very good areas.
Elizabeth Lark
Using a Self Directed IRA or Solo 401K to Buy & Hold
9 November 2024 | 17 replies
I've been fortunate that I haven't lost money lending through my retirement accounts....yet......but I have lost money lending outside of it.The more lending you do, the more likely it is that someone will not pay you back so just be prepared for that.
Ricky Nunez
Tips to Finding Distressed Properties: Help a Rookie Out
8 November 2024 | 12 replies
(doubt this is accurate)Regardless0.02% of 500,000,000 = 100,000 people are successfulSo you see ONE HUNDRED THOUSAND success stories, people holding up checks, bragging about how many Lambos they buy... but what you will never see are the rest of the 499,900,000 people quietly crying in the fetal position on the floor that lost a fortune trying those tactics.You don't hear from them, you don't see them and you only see extremely incomplete data.Again,I would stop telling others it is a numbers game.
Jonathan Umana
First Time Landlord - Renting out 1st Floor Unit
6 November 2024 | 7 replies
Fortunately, they have acquired a house, and now we can rent the first floor at market price.
Glen Michael
Owner onboarding requirement to provide financial documentation
3 November 2024 | 8 replies
Fortunately, we were able to save them.- Sectio 8 also requires taxes be current.3) Insurance: we require an owner to add us to their policy for liability protection.- Have discovered owners with lapsed ploicies they thought previous PMC was handling.- Also found terrible policies that owners had, that they didn't understand.4) Utilities: We check that all utilities are properly set up and cofirm or enroll in any Auto-Transfer of Service programs to avoid no heat during winter leading to frozen pipes.- Dealing with a very upset new owner client right now that previous PMC didn't handle the water account properly.
Deborah R.
Hurricane advice - LTR flooded
5 November 2024 | 39 replies
Fortunately ours was not red tagged but both times had heavy damage (but less than most properties).
Jazmin Winsor
Purchased first home, house hacked and needing tax advice
31 October 2024 | 4 replies
We were fortunate to get the ball rolling fairly quickly and only have to fork out 1.5 months of mortgage on our own. my partner thinks he can do all the taxes for the home and depreciation on turbo tax, as that’s what he’s been doing forever since he’s a w2 earner.
William HooFatt
Evicting Tenant in Alexandria VA - Should I get an attorney?
5 November 2024 | 22 replies
I've fortunately never had to evict in Alexandria city - but it is eye opening to read about the city's attempts to keep a non-paying tenant in your property.
Jeff Horowitz
New to RE and this community | Eager to start investing opportunistically
31 October 2024 | 3 replies
I have no prior experience in real estate, however, am fortunately enough to have access to sources of income besides a fixed job salary that provides me additional CF and a long-term safety net.
Coreen Foote
A Real Estate Rookie: New Journey in Tampa Florida Real Estate!
1 November 2024 | 8 replies
Since retiring 7 years ago I’ve been fortunate to be able to take the time to really think about what future goals that I have for myself and my family and I'm now ready to embark on a new adventure in real estate.