
28 January 2025 | 42 replies
I attended the RALA 3-day training in Phoenix and took a couple of online courses as well, and while I found these courses to be very valuable in helping get a clearer understanding of the space and what it might take to be successful, I eventually I found it most beneficial to bring in a partner/advisor who has built residential assisted living facilities here in Texas and has been running them successfully.

21 February 2025 | 9 replies
Continue documenting your efforts to re-rent and communicate clearly to avoid disputes.

7 February 2025 | 6 replies
Some will let you rent your primary and still do a DSCR loan on the subject, however, this would come with the added scrutiny of really documenting and evidencing you have no intention of moving in to the subject.

26 February 2025 | 43 replies
@Dan JenningsCurious if anyone read their sec filingshttps://sec.report/Document/0001104659-21-070365/?

11 February 2025 | 1 reply
That being said, I had to translate a lot of documents on my own for the loan process, so there was more effort involved.

3 February 2025 | 5 replies
Also, sometimes they travel with their family so it may be beneficial to rent it out by the unit and not by the room.

28 February 2025 | 9 replies
@Pedro TorresBRRRing OOS - it can be very dangerous:(Too many newbies take contractors and agents at their word, when "trust, but verify" is extremely important.You should try to plan 2 trips for a BRRRR:1) Initial walk-thru with contractor(s), which you should video for documentation & accountability.2) Final walk-thru BEFORE paying out final amounts to contractor(s).

10 February 2025 | 2 replies
Seller should record their lien against the property, you both should have an attorney review to make sure all interests are property documented and protected, and i think everyone is in a good place. as far as evicting tenants... this is up to what you and the seller can negotiate. i would still be putting on the same contingencies - appraisal, inspection... know what you're buying. don't get blinded by the seller-finance piece.

12 February 2025 | 19 replies
When an agent is acting for himself/herself - buying direct from a seller, the only disclosure needed is for the license disclosure - and it can be placed on the purchase documents ( the only requirement is that all parties must easily see there is a licensee in the transaction).

6 February 2025 | 12 replies
What you need to look for is a market that is growing in population and jobs and gas beneficial landlord laws.