
2 June 2024 | 1 reply
I recently tore down 3 houses for a builder who built them 10 years ago who used to do septic and well and they transitioned to the same strategy due to how fast you can tap in. faster deliveries.

4 June 2024 | 10 replies
Feel" the true beat of the portfolio's income and expenses performance before using leverage to speed up the growth of your portfolio.Using cash only will protect your bottom line in scenario's like yours when the properties don't perform as expected as you won't be on the hook to cover the mortgage expenses.Just my bias opinion so take it with a grain of salt.I've also witnessed many finger pointing instances when others get involved.Like a new property manager, realtor, contractor, etc...I've had my share of bad experiences with realtors that threw my company under the bus and got in the investors ear to flog it at any price just so they can make a quick commission.It get's very messy, painful and pretty much turns into a disaster with the investor not knowing who to trust or what to do anymore.Similar to what you post about has happened to me and my company many times and if allowed the opportunity, we do our best to fix and come good.Some loose trust and faith and I 100% understand, but as soon as someone leaves the wing of my company there is not much that we can do because as I mentioned above, everyone else get's involved, has an opinion and the situation get's very messy.Having in-house property management is vital when such a "crisis" arises.I tried out-sourced PM when we first started and it was a disaster.We had no choice other than to bring it in-house.Hated my life for the first 5 years with in-house PM and fast forward 10 years, it has become our "golden goose" and a very well streamlined and beautiful business.From what I've seen and read on the forum and elsewhere it seems like RTR has a good reputation and what you have mentioned seems like a "worst case scenario".I hope RTR will assist you the best they can and all I can say is learn from the experience and don't give up.Do your best to weather the storm and focus on minutia.Don't have regrets and don't spend too much time dwelling on the past.Glimpse into the past to get guidance from what you could have done better and think ahead.Move forward smarter, more experienced and better.Wishing you well and much success with your future endeavors.

2 June 2024 | 10 replies
If it were me, I would be assuming a 30% operating expense knowing I have a chance to beat that by a few percentage points.

1 June 2024 | 4 replies
You can also reinvest into the same cash flow property to accelerate the payoff or speed up the ability to hit the required LTV to refinance and pull cash out faster.

1 June 2024 | 8 replies
Investing isn’t just about what you know – it’s about who you know – and Pro helps you build connections faster than ever!

2 June 2024 | 18 replies
The depreciation recapture part will be at 25% and the capial gain will probably be 15% fed plus state.

31 May 2024 | 27 replies
Electronic bank transfers are much, much faster. 2.

1 June 2024 | 5 replies
And are they production builders that to provide the product at the cost they do use basically the least expensive materials possible and beat the crap out the subs pricing.so there is a fine line there you cant pay low price and expect supreme product..

1 June 2024 | 3 replies
In other words I'm sure that within a year he'll be at least matching this income and still be getting the severance.If a regular mortgage is out of the question I'm thinking of other options and would love to some the BP-folk advice.1.

3 June 2024 | 56 replies
The best find I ever had was a plastic kiddie pool with a built in slide in an old tool shed that was left behind so it definitely beats me.I know most people would advise reinvesting your findings or maybe splurging on something you've always wanted like a car, vacation, trip to space, or a pony.