
19 July 2024 | 4 replies
It's advisable to work with a real estate attorney who is familiar with subject-to transactions to navigate any legal complexities.Risk and Liability: As the original borrower, you retain liability for the mortgage even after selling the property "subject to."

18 July 2024 | 4 replies
We are constantly testing and looking to improve our site navigation to make it easier for folks to find what they are looking for, but there is limited space on each page so we don't always get it right.

20 July 2024 | 7 replies
Partnering with specialized real estate attorneys can also provide invaluable legal guidance, helping you navigate the complexities of foreclosure laws, title issues, and potential legal pitfalls.

19 July 2024 | 7 replies
The motel we offered on was utilizing Airbnb solely for rooms, and I think there’s good opportunity to utilize STR OTAs and hotel booking sites to bring in customers.

18 July 2024 | 2 replies
Rather than asking non potential customers in here you can get a better result from potential customers, As well as tour of the competition.While you are there, maybe take some pics, and make a written record of rental rates and what features they have for that price.In a nutshell, become an expert on this specific investment in your local area and neighborhood, in order to try to reduce the risk of just guessing.Good Luck!

18 July 2024 | 7 replies
So for each type your customer base is quite different and with it your operations/management is different.

18 July 2024 | 2 replies
Options may include traditional mortgages, private lenders, partnerships, or even self-directed IRAs.Calculate all potential costs including property acquisition, renovations, property management fees, taxes, and maintenance.Property Selection and Due Diligence:Use your local team to scout properties that match your investment criteria.Conduct thorough due diligence including property inspections, financial analysis, and reviewing rent comparables (rental rates in the area).Make Offers and Negotiate:Submit offers based on your research and due diligence.Negotiate terms that are favorable to your investment goals, taking into account potential repairs or improvements needed.Close the Deal:Once your offer is accepted, work with your local team to complete all necessary paperwork and close the transaction.Ensure all legal aspects are handled properly, including title searches and property inspections.Manage Property Remotely:Hire a reputable property management company to handle day-to-day operations such as tenant screenings, rent collection, maintenance, and emergency repairs.Establish clear communication channels and expectations with your property manager.Monitor and Adjust:Regularly review your investment performance and financial metrics (cash flow, occupancy rates, expenses).Stay informed about market trends and adjust your strategy as needed to optimize returns or mitigate risks.Long-Term Strategy and Growth:Evaluate opportunities for portfolio expansion or diversification in the same or different markets.Continuously educate yourself on real estate investing best practices and market dynamics to make informed decisions.By following these steps diligently and leveraging local expertise, you can effectively navigate the complexities of out-of-state real estate investing and build a successful portfolio over time.

19 July 2024 | 19 replies
I also find it interesting how to navigate recent legalization and tenancy.

18 July 2024 | 6 replies
I found this :Nomad Reviews | Read Customer Service Reviews of nomadlease.com (trustpilot.com)Go to the lowest rates and read the comments.

19 July 2024 | 6 replies
For water we always keep that in the owner's name (since, in our area at least, water bills run with the house and not the customer).