Sean Gallagher
Scaling out of state while busy working my W-2
12 January 2025 | 23 replies
1.25-2 DSCR per property is healthy, and keep cash set aside of reserves per property.
Bear Geiger
Purchasing Off-Market Property: How Can We Effectively Capture Their Attention?
28 December 2024 | 1 reply
Ourcurrent approach involves identifying possible contact information for thelisted owners and calling multiple numbers, but this process is time-consumingand yields limited results.
Matt McNabb
Building Future Cashflow Portfolio
15 January 2025 | 14 replies
Can try to reposition to Class B, but neighborhood may impede these efforts.Vacancy Est: Historically 10%, but 15-20% should be used to also cover tenant nonpayment, eviction costs & damages.Tenant Pool: majority will have FICO scores of 560-620 (approaching 22% probability of default), many blemishes, but should have no evictions in last 2 years.
Jorge Abreu
Evaluating Property Managers
28 December 2024 | 1 reply
This fosters a top-down management approach that ensures accountability and efficiency throughout the property.As I've earned from my own experiences, the difference between a good operator and a poor one lies in effective asset management.
Chris Magistrado
Buyer wants to do an Inspection?
21 January 2025 | 22 replies
Here are some indicators to help you assess a buyer's seriousness:Questions: Serious buyers will ask detailed questions about the property, such as maintenance costs, neighborhood amenities, and property taxesStrong Offer: If a buyer makes a strong offer quickly, it often indicates a high level of interest and intent to purchasePrivate Buyers: If approached by a private buyer, ensure they provide a Letter of Intent (LOI) and proof of funds.
Trevor McCormick
Advise on Purchasing my first STR in Kissimmee Florida
21 January 2025 | 14 replies
While prices have risen, there are still opportunities with the right approach.
Julio Gonzalez
Asset Classifications for Cost Segregation
7 January 2025 | 6 replies
Cost segregation utilizes the MACRS approach.
Chris Mahoo
Long term rental when you are not full time real estate professional
20 January 2025 | 9 replies
@Chris Mahoo many new investors don't take the time to properly understand RE investing.1) Many are using approaches from 2010-2018 when Class A property prices were so low from the Great RE Crash that an investor could cashflow and get pretty easy Class A tenants to manage.2) If you look at what investors were doing before 2008-2010, most were buying Class B & C rentals.To make it worth while, an investor either needs to Fix & Flip or invest & hold rentals for 10+ years.- Over a 10 year period cashflow will increase as rents increase (rents typically rise faster than property taxes, insurance, etc.)- The property should be appreciating, if purchased in a good location, increasing the owner's equity/wealth.- Rents will be paying the mortgage off, increasing the owner's equity/wealth.- If you hold a rental until death, you can pass it on with a stepped-up cost basis, limiting captial gains if then sold (limited by inheritance tax limitations).Too many newbies on this site trying to replace their day job income via "passive" real estate investing w/o digging deep enough to understand how it really works.
Alex Houser
Foolish to buy office building?
18 January 2025 | 8 replies
Even if you manage to find an office with an existing tenant, their lease could be approaching expiration, and without plans to renew, it can take an incredibly long time to secure a new tenant for the space.
Brandon Leo
Advice on Picking Up Commercial Customers?
2 January 2025 | 2 replies
I spent a decade in advertising, before founding and running a custom wood shop for another decade, so 'm pretty good at the self-promotion.I agree with you that the more gorilla approach would be most effective and that's actually what i've been doing – calling RE agents in my service area with active listings, introducing myself to property managers and leasing agents...To answer your question, I will have to handle the work myself for 6-12 months to build out the SOPs and field service management systems, but I have a lot of relationships for those looking to "do the work".I'll check out the meet up and would love to grab a cup of coffee, I'll shoot you an email.