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18 June 2024 | 26 replies
G'Day Matt,You can only do so much with online research.IMO the online stats and demographics often times don't paint the correct picture.This especially tends to be the case for tertiary markets.Finding folks on the ground that "live and breath" the market is your key to success.Those folks on the ground are the one's that bring the "online stats and demographics" to life per se.They will know more accurately what's going on in their local market pretty much on a daily basis.I've always said that you can research online and find a market that has the best growth and cashflow potential.Find a property for a great price and on a great street and in a great area.But if your property manager or contractor are incompetent or cheats.You will loose money.So start with finding the right people first before finding the right market or deal.Just my opinion.Thanks
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17 June 2024 | 5 replies
In Florida, we have to contact the property appraiser to determine unit numbers, because that is what the sheriff's office looks at when they execute a writ of possession to remove a tenant in an eviction.
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17 June 2024 | 3 replies
Landscape and snow removal- take into account your climate.
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17 June 2024 | 13 replies
She apparently paid someone 350 to remove a small stain in a sink.
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17 June 2024 | 25 replies
If you ask the manager to justify a fee and he starts hemming and hawing, move on or require them to remove the fee.
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20 June 2024 | 245 replies
With boomers retireing and zoomers comming in we loose about half a million of workers every year, this will increase to 1 million in a few years.
17 June 2024 | 8 replies
I have found time is better spent building tools to quickly analyze & procure new deals, rather than hyper-analyzing the metrics of one deal, ultimately making initial review faster & more reliable (spend time on the things that make sense, quickly remove things that don't, even junior-level staff can identify good opportunities with the tools, etc).For example, if I'm modeling a SFR to 3-4 unit scheme, I can quickly check the $/sf/mo for each of my proposed units and get a good idea of the GOI without having to manually dig through & find rent comps in that City/Zip:- So instantly I know in Woodland Hills that a Studio is close to $5/sf/mo on avg, 1 Bedroom closer to $4/sf/mo, with the 2 & 3 Bedrooms closer to $3/sf/mo.
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18 June 2024 | 69 replies
How much would one typically loose in taxes off the profit you just made.
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18 June 2024 | 121 replies
They are a scam and it took quite a bit to cancel my account i created with them and even thought i removed myself from all their email notifications, i still kept getting so much spam and BS from CI, their alleged network of Private lenders to the point that I had to let that email go and switch company names and make a new email address.
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16 June 2024 | 7 replies
You can do self directed IRAs and 401ks, but it complicates things a lot and you loose depreciation.