
30 May 2024 | 8 replies
Grab a cup of coffee and do a deep dive.https://www.stlouis-mo.gov/nst/documents/inforent.cfmI would also check to see if you are in an HOA and if they have any restrictions.

30 May 2024 | 5 replies
It may require a formal court petition.There are most likely heirs, you just didn't go deep enough with ancestry to determine who they are.

31 May 2024 | 187 replies
I am happy having had the job and investing in property but it was a slow but sure road.

30 May 2024 | 8 replies
i cover pest control and lawn care on my stuff. keeps down on issues and i know the place looks good. for my student rentals i also build in a quarterly cleaning fee where my cleaning lady comes through and does a deep clean. extra eyes on stuff and parents happily pay it to ensure their kids have a solid spot. pass through cost for me and well worth it.

30 May 2024 | 3 replies
Sorry for the slowness in getting back to you two, was checking around with some other folks on some structure ideas.

5 June 2024 | 116 replies
. 🏠👍 100% agreed.I've witnessed way to many investors over the years getting caught with their pants down when using too much leverage.The real estate "guru" world is incentivized by selling more properties (Realtors earn commissions on every property sold) and "no money or low money" strategies (Easy way to flog books and seminars), etc...So leverage to the tilt they would say...The best deals are bought quickly and with cash.All good things take time and so does building a strong and sustainable real estate portfolio.Start slow and small and build the foundation of your portfolio with cash.This will minimize losses when vacancies occur and one hopefully won't have to put their hand too deep in their own pocket to cover expenses as they occur (Especially large expenses like mortgage costs).Once a solid foundation has been built and experience gained over a period of time of what the true income vs expenses will be, then look at using leverage.Also, all deals should be analyzed from a "devils advocate" standpoint and don't get too excited about it's initial prospects.If you think it won't happen to, I'm here to tell you that it will.This is coming from someone that has done hundreds of deals and has seen it all.Always protect the bottom line first and foremost.Much success

1 June 2024 | 48 replies
You don't know all the kinds of things that can come up if you dive off the deep end into a potential deal and that holds people back.

30 May 2024 | 17 replies
Here in Oregon the beginning of the year (Jan/Feb/March) foot traffic typically slows down considerably.

31 May 2024 | 111 replies
I was not taught anything about investing or tax strategy as a child/teen, only to save money and don't buy unnecessary things (which is an extremely slow way to build wealth).

29 May 2024 | 12 replies
G'Day Carlos,Personally, I think it's a recipe for disaster rehabbing from out of state.IMO you would need deep roots in the specific market you are looking at investing.Or years long experience of knowing the who, what and when in that specific market.I only know of a handful of folks that can do it successfully and even they have been at it for many years and probably still loose money on rehabs to this day, no matter how integrated they are with everything and everyone.A good resources for pre-purchase, during rehab and after rehab's is Inspectify.Always get eyes on site before buying a property or processing a progress draw for the rehab.Much success