
23 September 2024 | 2 replies
I just received a package of documents from a lawyer I hired.

24 September 2024 | 16 replies
I give them full time jobs at my PM co with benefits :)But to hire on a contract basis - mainly echoing from above - I would go to Thumbtack, TaskRabbit, Local FB groups.

23 September 2024 | 6 replies
Key Principles:Mindset and Goals:Think Long-Term: Real estate is a long term play in most cases Set Clear Goals: Define your financial goals and how real estate fits into your overall plan.Finding the Right Property:Location, Location, Location: Invest in areas with strong economic fundamentals, good schools, and low crime rates.Cash Flow is King: Look for properties that generate positive cash flow (rental income exceeds expenses).Consider Appreciation: While cash flow is primary, also consider properties in areas with potential for long-term appreciation.Financing:Get Pre-Approved: Get pre-approved for a mortgage before you start looking at properties.Leverage Wisely: Use leverage (debt) to your advantage, but don't overextend yourself.Consider Creative Financing: Explore options like seller financing or partnerships.Building Your Team:Real Estate Agent: Find an experienced agent who specializes in investment properties.Property Manager: Consider hiring a property manager to handle day-to-day operations.Accountant: An accountant can help you with tax planning and financial management.Attorney: Consult an attorney for legal advice and contract reviews.Managing Your Investment:Maintain the Property: Keep your property in good condition to attract and retain quality tenants.Screen Tenants Carefully: Conduct thorough background checks on potential tenants.Review Your Finances Regularly: Track your income and expenses and make adjustments as needed.Example Action Steps:Set Your Goals: Define your financial goals and how real estate will help you achieve them.Educate Yourself: Read books and articles about real estate investing.

25 September 2024 | 22 replies
From there I can expand and continue to invest or pivot to hiring out agent stuff, and start having fun with investments.

23 September 2024 | 1 reply
If you just hire the cheapest or first PMC you speak with and it turns into a bad experience, please don’t assume ALL PMC’s are bad and start trashing PMC’s in general.

23 September 2024 | 4 replies
If you just hire the cheapest or first PMC you speak with and it turns into a bad experience, please don’t assume ALL PMC’s are bad and start trashing PMC’s in general.

22 September 2024 | 7 replies
It's always best to hire a third-party contractor to clean the place in any state.

23 September 2024 | 2 replies
I have no idea about Oregon law, but based on what you wrote, hire an attorney.It's never a good idea to do it yourself in anti-landlord locations.

24 September 2024 | 4 replies
Build an SMB on top of your real estate (the reverse of #2)Short-term rentals and high owner-participation real estate businesses can have great returns.Obviously not for you if you just want passive RE.We are in the deep end here, where each case should be judged on its own facts and merits by your CPA.You should hire a professional to review your particular situation before you make an investment.

22 September 2024 | 12 replies
It appears that the electrician comes to change one plug, and is then hired again the next week to change a plug in another part of the building.