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31 January 2025 | 2 replies
.❌ Less Control Over Tenants & Maintenance – You won’t be as involved in selecting tenants or overseeing repairs, which might lead to decisions you wouldn’t have made yourself.❌ Not All Property Managers Are Great – A bad property manager can neglect your property, overcharge for repairs, or poorly handle tenant relations, leading to unnecessary headaches.Which Option Is Right for You?
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1 February 2025 | 11 replies
Having this information allows me to give my clients a solid understanding of current market conditions, enhancing our discussions and decision-making.
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23 January 2025 | 2 replies
Its more transactional than a traditional sale so you want to find out who the decision maker is and negotiate with them.
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28 January 2025 | 3 replies
Key Factors for a Good Seller-Financed DealCash Flow: Rental income should exceed monthly payments (PITI) by at least 1.25–1.5x.Purchase Price: Compare to ARV and market value for fair pricing and equity potential.Interest Rate: Aim for competitive rates; higher rates must still allow positive cash flow.Amortization/Balloon Terms: Favor longer amortization and align balloon payments with your exit strategy.Down Payment: Lower upfront costs reduce risk but should meet the seller's expectations.Flexibility: Seek no prepayment penalties and fair late-payment clauses.Property Condition: Ensure the property’s condition matches terms through inspections.Seller Motivation: Assess the seller’s willingness to negotiate favorable terms.Exit Strategy: Have a clear plan for refinancing or payoff at term end.Portfolio Fit: Ensure the deal aligns with your financial goals and risk tolerance.Vetting multiple deals and consulting professionals is crucial to making sound decisions.
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9 February 2025 | 173 replies
The worst investment decision I've made to date actually has nothing to do with REI.
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25 January 2025 | 14 replies
I would suggest you do some soul searching before you make and decisions to sell.
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1 February 2025 | 7 replies
Then make your decision based on information.
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20 February 2025 | 12 replies
Living in LA first will help you make a more informed decision on where to buy, while exploring out of state investments could be a great way to build your portfolio.
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31 January 2025 | 8 replies
@Andrew SyriosI will consult with an attorney that does evictions and make a calculated decision from there.
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4 February 2025 | 7 replies
I am just a guy who tends to give illegal advice, I guess.And finally, folks need to be aware that while many travelers pick the nomadic lifestyle for some of the awesome reasons: travel, excitement, variety, some pick it to try and increase their income to a level where they can earn their way out of terrible financial situations or decision making.