
10 January 2025 | 8 replies
You would have to go after the one individual for non-payment and you could only remove the other three by going through the legal process like you would for someone on a verbal agreement, which puts you in a he-said, she-said situation.

6 January 2025 | 38 replies
Account Closed and to be clear, the people on this thread found GEG on their own, not through us.

11 January 2025 | 9 replies
To avoid going through the same poor experience, keep reading.Even if someone gives you a referral here, do NOT make the mistake of assuming that the PMC will meet your expectations, just because they met the expectations of the referral source.In our experience, the #1 mistake owners make when selecting a Property Management Company (PMC) is ASSUMING instead of CONFIRMING.It's often a case of not doing enough research, as they don't know what they don't know!

6 January 2025 | 3 replies
A prudent investor doesn't seek quick riches through shortcuts.

7 January 2025 | 3 replies
If you only have one LLC and don’t need entity tracking, you could get a lower subscription and categorize your properties as ‘customers’, then units and tenants would be sub-customers.Simple Start would allow you to invoice your tenants (if desired through QBO) and produce basic reports.

9 January 2025 | 0 replies
Target ReturnsWhile target returns are crucial, these should be discussed only with investors—not brokers or others helping you find deals.Sample Investment CriteriaHere’s an example of well-defined CCC:Location: Primary and secondary cities in the Southeast with population growth.Type & Class: Class C garden-style or walk-up workforce housing with repositioning opportunities.Age: 1980s construction or newer (case-by-case for older).Price: $5M–$12M, requiring $1.5M–$3M in funds.Size: 100+ units.Cap Rates: Market rates.Roof Type: Pitched roofs preferred.Value-Add: Opportunities for improvements or better management.Why This MattersBy creating crystal clear criteria, you:Avoid wasting time on deals that don’t align with your goals.Build trust with brokers and partners by demonstrating a focused investment strategy.Increase your chances of finding deals that meet your financial and operational objectives.I'll be posting each chapter as I go through them so you can follow along from my notes and we can discuss different strategies.

9 January 2025 | 1 reply
A buddy of mine up in Omaha once inherited a tenant who refused to let inspectors through the door.. ended up pushing back renovations for a month and racking up costs like you wouldn’t believe.

12 January 2025 | 8 replies
I have also really considered medium term rentals, however it seems that the market is somewhat saturated as many rentals have been dropping prices significantly when I look through Airbnb.

16 January 2025 | 20 replies
Nice to meet you I'm almost halfway through "The book on rental property investing" by Brandon Turner and it's really open my eyes to real estate!

12 January 2025 | 13 replies
Basis - $323K Debt $66K Liquidation Cost estimate 10% if he sells through broker - $66K.