
26 November 2024 | 10 replies
We do have our retirement accounts, brokerage accounts, HSA accounts, etc… and will continue to invest money into those respective accounts for retirement purposes.With above stated, I would appreciate if anyone can give me an honest opinion on how to start my journey as in what would be the best operation plan/strategy given my current situation and assumed future plans before partaking.Thanks in advance for anyone replying and assisting in the matter.

25 November 2024 | 3 replies
Aha yeah I dont really trust flippers to do the repairs correctly - Even with my own flip I was tempted to cheap out on it but you always pay for it in the end!

28 November 2024 | 10 replies
Complexity in Management: Managing multiple properties as collateral can complicate financial situations, especially if one property is underperforming or requires significant repairs.3.

26 November 2024 | 6 replies
Time is critical, especially in competitive markets.Clear Offer Terms - Present a firm offer with terms that make the seller feel confident that you can close fast, with minimal contingencies or proof of funds.Due Diligence Preparation - Have your financing lined up and know your repair/rehab costs in advance so you can move quickly without second-guessing.

27 November 2024 | 7 replies
If it costs $500 to fill the oil tank and the tenant leaves it empty, that's $500 less you have to cover unpaid rent, cleaning, and repairs.

28 November 2024 | 13 replies
Repairs and Maintenance are not cheap and shipping carpet/furniture/etc to Hawaii calls for huge price premium so I would be sure keep a reserve for replacements.

25 November 2024 | 10 replies
Have 15 rentals to manage - Section 8 needs to be something they focus on since all 15 are on housing assistance.

18 November 2024 | 7 replies
I at one point charged tenants the first $50 of repair costs.

1 December 2024 | 91 replies
When market changes, even the most sophisticated sponsor could collapse.At the end of the day, it's better to become "active investors" where you know every single bit of your investment, your market, your realtor, your contractor, what's the actual repair cost, actual rent, appreciation and so on and so on.

25 November 2024 | 12 replies
I'm also considering Legal Zoom for the LLC portion -- and I understand they may also be able to assist with the operating agreement.I'd also welcome any recommendations on accountants too.