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28 January 2025 | 20 replies
I filled my own taxes for multiple years for multiple LLCs in multiple states.
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27 January 2025 | 15 replies
Be prepared to follow up multiple times, using different forms of communication—calls, emails, and if possible, in-person visits to their office.
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5 February 2025 | 28 replies
Using criteria like price-to-rent ratio, pop growth, employment trends, and wage growth, relying on multiple sources (PropStream, Zillow, Rentometer, FRED) to calculate averages.
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29 January 2025 | 9 replies
It is not uncommon for auctions like this one to get rescheduled multiple times before ever actually making it to the courthouse steps.
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2 February 2025 | 4 replies
@Benjamin Sanders I agree that getting multiple quotes is the best approach.
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17 January 2025 | 20 replies
If I was not starting from scratch, like I did myself, I would buy SFHs because I prefer their long-term flexibility, relative scarcity, and multiple exit strategies to MFH.
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28 January 2025 | 3 replies
Key Factors for a Good Seller-Financed DealCash Flow: Rental income should exceed monthly payments (PITI) by at least 1.25–1.5x.Purchase Price: Compare to ARV and market value for fair pricing and equity potential.Interest Rate: Aim for competitive rates; higher rates must still allow positive cash flow.Amortization/Balloon Terms: Favor longer amortization and align balloon payments with your exit strategy.Down Payment: Lower upfront costs reduce risk but should meet the seller's expectations.Flexibility: Seek no prepayment penalties and fair late-payment clauses.Property Condition: Ensure the property’s condition matches terms through inspections.Seller Motivation: Assess the seller’s willingness to negotiate favorable terms.Exit Strategy: Have a clear plan for refinancing or payoff at term end.Portfolio Fit: Ensure the deal aligns with your financial goals and risk tolerance.Vetting multiple deals and consulting professionals is crucial to making sound decisions.
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30 January 2025 | 2 replies
We have already talked with multiple HVAC contractors and splitting to two zones is just not an option because of steam heat.
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27 January 2025 | 2 replies
At one point years ago, I toyed with the idea of owning giant apartment complexes in multiple cities.
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6 February 2025 | 13 replies
I have been frustrated with multiple things that my current property management company has been doing, and I don't feel like they communicate very well with me.