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11 December 2024 | 37 replies
I agree they had communication issues during a transition period that we dealt with, but things have improved from last year.
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9 December 2024 | 6 replies
I know some mentioned about developing banking relationships and I totally agree with that, so here is what you do. 1) Open a business checking account in the name of your LLC to hold the assets. 2) Deposit your cash into that account to fund the real estate purchases3) After owning for 60-90 days, talk with a local lender about a line of credit against the 2 properties at 60% LTV. 4) After about 30-45 days, have the line open to use if you need that liquidity that you used, but until then you are not paying 7% interest on nothing.
5 December 2024 | 11 replies
There are definitely success stories in Chicago and around the country.
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9 December 2024 | 8 replies
I agree with @Jason Malabute.
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8 December 2024 | 9 replies
.- I agree that their guests don't generally leave reviews.
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9 December 2024 | 21 replies
I agree $66k gross is not impressive, but without theming, you don't stand much of a chance.
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4 December 2024 | 7 replies
Anyone who wants to live in a rural area with buildings for animals and land is going to have ATVs, all kinds of animals, and probably hoarding tendencies because they're out in the country.
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9 December 2024 | 8 replies
@Trent GulinoI agree with @Katie Smith about considering a hard money lender.
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9 December 2024 | 5 replies
A lot of people will agree, but I did want to provide some context for counter arguments that people may have that you should be prepared for: 1.
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14 December 2024 | 42 replies
i keep seeing:1. buy out of state rental in a solid neighborhood with long-term potential (just as you are recommending) but then...2. have one rough tenant turn that costs a couple grand, and3. give up on real estate investing, and turn on everyone involved in the transaction for not guaranteeing that sweet cash flow in month 1 I literally just had this conversation with a prospective client when he asked me what a typical outcome looks like.I told him everyone nods and agrees when I drill into them the risks of investing OOS and in Detroit.