
10 September 2024 | 11 replies
My tenant just let me know they accepted a new job in another town and will therefore be leaving us.

8 September 2024 | 15 replies
I also appreciated @Scott Mac's perspective regarding liability and accepting commission as that could be a slippery slope.Ultimately on 50 units, you're talking about $250 per month revenue.

10 September 2024 | 19 replies
Not sure is seller will accept an offer with these contingencies as it will cost time on the market if the contingencies are exercised.

9 September 2024 | 14 replies
STR a suboptimal option in this market due to restrictive ordinances.Purchase price: $1,260,000 with 11% down @6.75% fixed 30 yrTotal Rehab costs (labor + materials) thus far: -$70,390Cashflow to date (NOT including Rehab Costs above): -$60,237Projected Cashflow: 3.1% with 3 LTR tenants Wanted the group’s expertise on options as I am considering parting ways with this property given the number of leaks that have come up in this relatively young property.1) In 2025, 1031 into another (potentially more units) multifamily at least 20 years old.2) Investigate leaks/Stabilize and proceed with original plan as LTR and accept uncertainty related to potential future leaks.3) Proceed as MTR (hospitals and NYC nearby) so that can intervene on issues during vacancy periods.

9 September 2024 | 12 replies
Are there any good materials (books, websites, etc.) you might recommend?

8 September 2024 | 0 replies
Searching the Local GIS and county websites.

8 September 2024 | 0 replies
Searching the Local GIS and county websites.

9 September 2024 | 11 replies
There are also deals that accept non-accredited investors, but they are harder to find.If you can bring in capital from others, you could potentially get onto the General Partner side of the deal which will provide you great learning.

6 September 2024 | 2 replies
I recently purchased a foreclosure where the occupants want to avoid being evicted. Would it be braindead to turn them into tenants or should we go ahead and evict them?

11 September 2024 | 69 replies
You gotta be ready to accept that, and building a system, and organization like James has to navigate crazy.