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7 December 2024 | 150 replies
It's much about the velocity of money, quicker turn overs drive up yields when there are discounts acquired and then premiums/profits for the seller.Another aspect, this is all about mortgages, probably mostly residential stuff.
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27 November 2024 | 16 replies
Usually a sponsor should be responsive within a few days, usually quicker when you have follow-up questions. 8-day delay without any update can be concerning.
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23 November 2024 | 9 replies
Any "strategies" to invest quicker than having the money to invest aren't going to be ideal for you.
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26 November 2024 | 86 replies
We will cover the story in detail, with regular updates, through to resolution.
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27 November 2024 | 13 replies
It used to be quicker.
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24 November 2024 | 3 replies
Most of the time what people are really chasing is time freedom and that can be achieved quicker by using a W2 and real estate and other investment strategies to build a strong foundation instead of rushing.
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24 November 2024 | 19 replies
This can lead to more opportunities and partnerships.Market Understanding: As a property manager, you'll gain a deeper understanding of the local market, which can be invaluable when you start acquiring your own properties.Steady Income Stream: Property management can provide a consistent income, which can be particularly beneficial in the early stages of your real estate venture.Skill Development: You'll develop a range of skills from customer service to maintenance oversight, which are crucial for successful property ownership.Brand Recognition: Establishing a presence as a reliable property management company can boost your reputation, making it easier to attract tenants and investors when you start acquiring properties.Cons:Time Commitment: Property management can be time-consuming, especially if you're dealing with multiple properties or demanding clients.Regulatory Compliance: Staying compliant with local laws and regulations requires diligence and can be complex.Conflict Resolution: Dealing with tenant issues and conflicts is an inevitable part of property management and can sometimes be challenging.Financial Risk: There are financial risks involved, including late payments or damage to properties.Market Fluctuations: The property market can be unpredictable, affecting both rental income and property values.Overall, starting with a property management company can be a smart way to enter the real estate space, especially in an area with a clear need for such services.
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20 November 2024 | 8 replies
Quote from @Agatha Oliveira: Quote from @Drew Sygit: @Agatha Oliveira actually, all you need to give them is a Corporate Resolution stating you can sign.
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25 November 2024 | 21 replies
So you as an owner, would you be willing to ask for less to have your property rented quicker and "lose" the extra $1200 or so per year or would you rather lose that $1200 per month because your property is sitting vacant.In regards to demand, Cleveland is one of the top Sec8 markets out there.
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22 November 2024 | 2 replies
On the flip side, the MM may be able to negotiate a much higher price for the land than you could on your own (and close quicker).