
22 July 2024 | 120 replies
How many tenants would qualify for rentals if you couldn’t depend on them collecting minimum wage for their labor so they could pay rent?

17 July 2024 | 3 replies
I was hoping to get some clarity on the rent collection functionality of the stessa/rentredi platform, versus hiring a property management company.

19 July 2024 | 35 replies
In addition coffee being a commodity varies so extensively on supply and demand, which is also impacted by the aforementioned characteristics i described earlier.

17 July 2024 | 8 replies
"I'd love to be an extension of your brand.

18 July 2024 | 19 replies
I've also looked extensively into Cleveland.

22 July 2024 | 82 replies
The ACTS of offering to purchase, assigning or flipping a contract, and collecting a fee for such does NOT in itself require a real estate license.

17 July 2024 | 9 replies
They have some of the most extensive fees because this way they can charge you fees but low points.You can expect to pay about 1,500 in closing cost fees: Legal, processing, underwriting.To get in a good loan, you would need some experience in real estate flipping/holding preferably in Houston and be 100k liquid and have credit 700+.You fill those three needs and I can help you for sure.

20 July 2024 | 59 replies
i personally look at SFH as a collection of what it'll bring because often cashflow isn't the only variable.

17 July 2024 | 5 replies
My husband and brother both have extensive backgrounds in construction, while I have experience in design, so I am very confident that with the updates we would make, the house could be worth over $900k.

18 July 2024 | 2 replies
Options may include traditional mortgages, private lenders, partnerships, or even self-directed IRAs.Calculate all potential costs including property acquisition, renovations, property management fees, taxes, and maintenance.Property Selection and Due Diligence:Use your local team to scout properties that match your investment criteria.Conduct thorough due diligence including property inspections, financial analysis, and reviewing rent comparables (rental rates in the area).Make Offers and Negotiate:Submit offers based on your research and due diligence.Negotiate terms that are favorable to your investment goals, taking into account potential repairs or improvements needed.Close the Deal:Once your offer is accepted, work with your local team to complete all necessary paperwork and close the transaction.Ensure all legal aspects are handled properly, including title searches and property inspections.Manage Property Remotely:Hire a reputable property management company to handle day-to-day operations such as tenant screenings, rent collection, maintenance, and emergency repairs.Establish clear communication channels and expectations with your property manager.Monitor and Adjust:Regularly review your investment performance and financial metrics (cash flow, occupancy rates, expenses).Stay informed about market trends and adjust your strategy as needed to optimize returns or mitigate risks.Long-Term Strategy and Growth:Evaluate opportunities for portfolio expansion or diversification in the same or different markets.Continuously educate yourself on real estate investing best practices and market dynamics to make informed decisions.By following these steps diligently and leveraging local expertise, you can effectively navigate the complexities of out-of-state real estate investing and build a successful portfolio over time.