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Results (10,000+)
Joey Samudio Turn key or BRRRR
13 November 2024 | 18 replies
Both have many positive feedbacks (also few negatives as well) but wanted to check if there are others.Thanks
Amanda Skipper First time out of state investor
23 November 2024 | 38 replies
:Class A Properties:Cashflow vs Appreciation: Typically, 3-5 years for positive cashflow, but you get highest relative rent & value appreciation.Vacancy Est: Historically 10%, 5% the more recent norm.Tenant Pool: Majority will have FICO scores of 680+ (roughly 5% probability of default), zero evictions in last 7 years.Class B Properties:Cashflow vs Appreciation: Typically, decent amount of relative rent & value appreciation.Vacancy Est: Historically 10%, 5% should be applied only if proper research done to support.Tenant Pool: Majority will have FICO scores of 620-680 (around 10% probability of default), some blemishes, but should have no evictions in last 5 yearsClass C Properties:Cashflow vs Appreciation: Typically, high cashflow and at the lower end of relative rent & value appreciation.
Alex Thomsen Earnest money deposit on a new construction
17 November 2024 | 13 replies
.$50K in earnest is a lot and if the lender drops the ball are you positive they can get the credit denial out in time to refund the earnest?  
Amanda Gauthier Property Management in Akron
19 November 2024 | 21 replies
@Amanda Gauthier we work with a lot of real estate investors who provide us with intel on who the great property managers are - would be happy to share this unbiased feedback to help you avoid this situation.
George Fleming How to handle shared Washer/Dryer yet utilities assigned to different units
18 November 2024 | 8 replies
(I will research what the likely cost will be and will add in some extra for Tenant A to make it a positive for them).
Jonathan Greene Why You Should Stop Talking About Quitting Your Job Before You Have Your 1st Property
26 November 2024 | 46 replies
At least it's positive now, but it's almost like you have to keep it now to recoup in appreciation if possible.
Joseph Fenner How do I find the best deals?
15 November 2024 | 4 replies
Here’s the quick-and-dirty lowdown to get you started:1️⃣ Where to Look:LoopNet & Crexi: Good for commercial deals, though the best ones go fast.MLS (Multiple Listing Service): Access through a realtor for hidden gems.Auction Sites: Think Auction.com or HUD homes for distressed properties.Direct Mail Campaigns: Target landlords with older properties (especially those with code violations).2️⃣ Systems for Finding Deals (Step-by-Step):Set Your Criteria: Market, budget, unit count, rehab level.Build a Deal Funnel: Use LoopNet, Crexi, wholesalers, auctions, and brokers.Analyze Quickly: Use a property calculator to see if it cash flows.Direct Outreach: Contact sellers or property managers directly.Get Your Network Tight: Property managers, realtors, contractors—they’ll drop the best leads.3️⃣ What Makes a Good Deal:Cash Flow Positive from Day 1.Below Market Value (usually needs rehab).Upside Potential: Think rent increases, better management, or refinancing options.4️⃣ How to Become the Better/Best:Study the Market Like a Hawk.
Thomas Jaskulski How far out to set the closing date on a wholesale contract?
15 November 2024 | 3 replies
For what it's worth, we spoke on the phone for about an hour after I presented my offer to her.Any feedback would be greatly appreciated. 
Ellen Marshall Duplex Deal Analysis
16 November 2024 | 2 replies
While there are definitely house hacks that have allowed owners to live for free and show positive cash flow the current interest rates and prices make those less common.
Renay Reese Open Carry, Concealed carry or no carry while do business
19 November 2024 | 111 replies
The art of surprise is always a better position for protection.I’m a big guy so not a lot of people screw with me.