Mark Forest
Syndication capital calls
14 January 2025 | 37 replies
Multiple investors with decades of experience, some GP, some LP, some skeptics about the entire business in general sense and some bulls who have gotten rich from investing have all chimed in on this you got links to specific case studies from Brian Burke, a seasoned syndicator, a guy check from Melanie p, who makes it a part time job taking the trash out and exposing the shenanigans of one syndicator after another.Greg Scott has an excellent reputation on these forums, and provides a counterpoint to Melanie’s skepticism.
Joseph Kirk
Advice on entering the fix & flip industry
5 January 2025 | 17 replies
Good neighborhoods, excellent schools, and literally--where does the house I want sit in the actual neighborhood...I say does it look like a $650K house area when I'm done?
Alec Barnes
How Do You Ensure Quality Tenants?
9 January 2025 | 12 replies
It’s astounding how many fake documents are circulating today—you can find everything from fake references and stolen Social Security numbers to falsified income documents.To combat this, we rely on tools like Plaid, Verifast, and Snappt, which are excellent for verifying financial information and detecting fraudulent activity.
John Underwood
No tax on Tips for Rental Income
31 December 2024 | 12 replies
This will be for my excellent service as a landlord.Just like a restaurant does when you have a party of 8 or more - they add a mandatory tip.Doubt there will be any laws against this, at least initially.
Chris Seveney
What is the Best Way to Grow as a Private Lender
13 January 2025 | 15 replies
I would think a significant focus on marketing to fill the funnel would be needed to keep the volume coming.Again, I can't share from experience but $60M/year isn't a one man show using Excel.
Keegan Felix
Full time working mom of 3 in my 40's with 8K to invest
9 January 2025 | 21 replies
To maximize the number of transactions you’re involved in you will need to:Be Top of Mind when they think about moving - which requires consistent reminders.Be seen as an Expert – which requires a consistent message and Evidence of Success storiesGain their Trust – which requires communicating integritySo, start out by listing everyone you know in an Excel spreadsheet.
Rene Hosman
What do you consider a "good" cash flow for a property in 2024?
7 January 2025 | 22 replies
At this point, I would recommend having a line of credit to cover these things so you don't have money sitting in the bank doing nothing when it could be put to work.I have 33 units, no debt except for mortgages, and excellent income.
Rene Hosman
How much time do you spend prepping for taxes?
14 January 2025 | 28 replies
We have a VA so she does all the tagging and I ask her to export it from Baselane, into excel, then I review it and give comments.Going Digital: Scanning and storing my receipts in real time saves me from searching for that one $17 plumbing supply receipt.
Jonathan Cubeta
Tenant screening
27 December 2024 | 12 replies
You should be able to search (if your county has online records) for your tenant’s name and/or all previous addresses listed on the tenant’s credit report.
Tiffany Palaskas
Sell or keep income producing duplex
31 January 2025 | 48 replies
You will never see 2.25% again, 1600 a month on 150-200k in equity is an excellent return.