Alissa Schmitz
Has anyone tried TurboTenant's maintenance program Lula?
31 December 2024 | 8 replies
During the Lula setup process, select "I will choose which maintenance requests will be sent to Lula" instead of opting for all requests to be sent automatically.
Alex Silang
What drives you to aim to attain super wealth?
28 December 2024 | 23 replies
Dont get me wrong I like to have nice experiences you know stop and smell the roses I am not a money hoarder per se I will take trips that many would deem extravagant and or the big one on BP is CARS so many like to talk about the 10 year old 300k mile car they still drive.. myself I buy a new car once it needs new tires :).
Heidi Kenefick
Organaizing finances- baselane vs Rentastic vs avail vs rentredi?
21 January 2025 | 40 replies
Once that was set, all reoccurring transactions were automatically categorized.
Harrison Jones
Building a Long-Term Affordable Housing Strategy
31 December 2024 | 20 replies
- Can't tell you how many tenant background checks show they are buying lemon cars with 25% "we finance anyone" car loans that are designed to fail. - All they've got to learn is to save some of their income to pay their bills on time and they could then afford to buy a home.Instead, they spend every penny they make on things they don't really need and then blame everyone else.Take a look at a Class C or D tenant's bank statement to see the frivolous things they spend their money on and you'll better understand our society's biggest problem.
Kaushik R.
Home equity and landlord insurance
3 January 2025 | 10 replies
For my car, I saved $200 a year on insurance by not getting coverage for my front windshield (which when I did have it replaced cost me...$200).
Alex Silang
Mass deportations: will it affect rental markets?
30 January 2025 | 62 replies
This policy along with the wonderful idea of tariffs will start trade wars and cause other increases in goods such as appliances, possibly cars or any other imported goods.
Marshawn Moore
Has anyone join New Wealth Advisor (NWA) Riverside CA
26 January 2025 | 32 replies
My buddy learned a lot from this club and was able to acquire (3) SFRs doing it part-time while working full-time at a car dealership.
Anthony Poulin
Starting a Long Term REI Business Starts Today! Lets go!!
22 January 2025 | 8 replies
Westchester, although one of the hottest markets, has a ton of upside with opportunities for both cash-flow and equity. 2-4 family properties in Westchester are the 2nd most affordable in the NYC Metropolitan area (next to Suffolk County) making it easier to find cashflow opportunities when compared to the boroughs and other suburbs like Nassau.A client of ours in Westchester recently purchased a < $800K 2-family with a detached 3-car garage which brings in additional rental income - from a local business owner with commercial vehicles.
Account Closed
Due On Sale Being Called!!
13 January 2025 | 41 replies
Learn the lawsDon't use a contract "off the internet", laws vary by state and are also regulated on a federal level Learn the financing techniques correctlyDon’t skip parts of the processDon’t ever do a “kitchen table” closingUse the proper deedAn attorney can help you with the legal work, but the rest you are on your ownYour guru will not bail you out“Investing” in someone else’s deal by providing a small 2nd loan so the “investor” can pay for “cash to the seller” and for “closing costs” so he can do the deal is a very bad planKnow what problems can ariseLearn the responses and solutions to problems before they are needed Know everything there is to know about Title and what that meansKnow who a "protected class" individual isLearn the "back doors"Learn human natureUnderstand timelinesUnderstand regulation enforcement (some of these "mistakes" have a 10 year statue of limitations ( they can charge you 10 years AFTER you do the transaction) and carry hefty fines and possible imprisonmentThe court doesn't accept "I didn't know" for an answer"Know that the source of the lead plays a serious role in some states and federallyKnow how much of a "profit" pushes the boundaries to invite an investigationYou can be sued by the seller if you don’t do things correctlyYou are automatically at fault if an investigator or attorney or regulator gets involved.
Damon Albers
tenants breaking leases and excessive damage make it hard to be profitable
5 January 2025 | 39 replies
$31k after tax annual income - $11k rent = $20k or $1,600 per month net income left to cover all other expenses (utilities, cars, insurance, groceries, kids, activities, etc.).Median household income for 38128 is $41k or $36k after tax