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28 October 2024 | 3 replies
In today's day and age of social media, the Internet and super catchy reels and videos, attracting your attention to higher returns, promising life changing strategies and tips on how to quit your 9 to 5 job; A lot of people really neglect what real Real Estate investing is all about.
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28 October 2024 | 8 replies
I’ll rent out the other units and use a property manager for the home, only because my day job will take up too much time to manage the property myself.
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1 November 2024 | 30 replies
@Ryan Evans Job well done on your deals!
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24 October 2024 | 18 replies
Assuming you just manage your own properties, not other people's properties, you can use Buildium for management tasks (keeping track of maintenance, store documents, communication, etc.,) and use QuickBooks for everything related to accounting/financials.
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28 October 2024 | 9 replies
Also, focus on 2 years of job/income stability.Class D Properties:Cashflow vs Appreciation: Typically, all cashflow with little, maybe even negative, relative rent & value appreciationVacancy Est: 20%+ should be used to cover nonpayment, evictions & damages.Tenant Pool: majority will have FICO scores under 560 (almost 30% probability of default), little to no good tradelines, lots of collections & chargeoffs, recent evictions.
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27 October 2024 | 23 replies
If the buyer wants to back out, it's the agents job to make sure they protect the buyers interests over their own.
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23 October 2024 | 4 replies
That way, you’re not scrambling to find buyers after getting a house under contract.Delegate Low-Impact Tasks: Anything that doesn’t directly contribute to getting deals closed (like research or lead scrubbing) can be outsourced, freeing you up for high-value activities like negotiations.Is it Worth the Time?
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29 October 2024 | 131 replies
Your job is to solve their problem.
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24 October 2024 | 7 replies
Yes, there are more steps to go through (often including sending in a W-9 tax form), but those steps are usually pretty straightforward.Additionally, most of the folks tasked with finding the housing for the company's VIPs are really appreciative of being treated well by a good property manager, so you can stand above the crowd by simply responding quickly and respectfully.
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22 October 2024 | 12 replies
Both are just jobs, not RE investing.