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16 December 2024 | 6 replies
From my experience, here are a few property management companies that my clients have worked with:ERA Solutions: They have a strong presence in C-class neighborhoods.Realize Property Management: Better suited for A and B-class neighborhoods, though they do manage some C-class properties.Ohio Elite Management: Primarily focuses on B and C-class neighborhoods.
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15 December 2024 | 18 replies
If you have better list please post it for BP clients and Thomas to learn.
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17 December 2024 | 11 replies
Then I take notes and move the Meeting forward in my calendar as needed.EXAMPLE:Name: Bob Smith Phone: xxxxxxxxxx Email: xxxx@xxx2022-04-12: rcvd employment application, sent to HR for background check2022-04-10: Initial phone interview, moving forward with questionnaire2022-04-08: Received resumeSo, what do you need besides this to better organize you
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16 December 2024 | 6 replies
Asking in the correct forum will get a better response.Read the RULES!
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18 December 2024 | 7 replies
However, you agree with it. 50% of a deal or 60% or any number is better than no deal.
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21 December 2024 | 10 replies
I'm generally a proponent for alternative lenders if they can provide better leverage or if they are needed due to time constraints.
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16 December 2024 | 7 replies
The greatest profits are in properties that can be repositioned to a higher and better use, or appreciate the highest over time, or will throw off a TRUE cash flow of 20% per annum on total investment (cash + debt + capital investment).
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16 December 2024 | 21 replies
The bulk of properties run by small private landlords are managed rather poorly by people who don't know what they're doing and really have little idea about how to get better at it.
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15 December 2024 | 12 replies
Either1) your startup takes off and you can distribute profit fast enough to pay off your debts, or2) you find another source of $100,000 a year (which barely even starts to pay down the $300k, but might provide a better chance for a better loan), or3) you BK and possibly lose the rental houses to creditors (hopefully not, but we don’t know how they are held), or 4) you sell the houses, take the tax hit, work with the IRS on a payment plan whose interest will be much lower than your CCs, and focus on the startup.
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16 December 2024 | 12 replies
So... if I were to advise a friend, I'd tell them, sure, if you really wanna buy, this platform is fine, just like Roofstock is fine, if you really don't have a team built out and trust built in to find better deals & opportunities.