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8 December 2024 | 1 reply
Things like landscaping/snow removal and labor cost for repairs are going to be highly variable based on your market so you'd need to do your own research on the going rate by either talking to other local investors, running your own google search, or exploring basic services on thumbtack/angies list etc.
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10 December 2024 | 12 replies
If you choose an area or decide to work with people who will take up more time due to the low cost of entry, you may end up paying more in the long run.
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9 December 2024 | 9 replies
This will help you in the long run, as you'll find your agent experience will be a blessing & a curse:- Blessing due to your understanding of MLS, searches & contracts.- Curse because MUST change your agent mindset.
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8 December 2024 | 8 replies
Quote from @Matthew Brown: I run a small STR property management business.
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2 December 2024 | 9 replies
(Only if you are SERIOUS about real estate as your wealth/career vehicle.)Make sure you join a brokerage that is large, established, and has a reputation for top performance and excellent training.Once you learn the basics and get out into the field to see the state of the market, you'll learn the price points and be able to know a good/great deal when you stumble across it.I have made some of my best (most lucrative) buys from meeting with a seller who wants to list, and when we discussed the price, I knew it fit my parameters, so I bought it!
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10 December 2024 | 16 replies
The only concern we run into is occasional foundation issues near the river, towards the south east side of town.
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12 December 2024 | 20 replies
I truly believe that how I run my properties and take care of my tenants is a direct reflection of my character and work ethic.
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9 December 2024 | 3 replies
Be sure to run numbers with both a local lender and a national one to compare terms-sometimes smaller local firms can surprise you.HOAs: Brickell condos often have HOA fees, which can eat into your cash flow.
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7 December 2024 | 1 reply
Run the numbers looking at a 5 year plan.
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16 December 2024 | 43 replies
You'll probably do ok in the long run.