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9 January 2025 | 21 replies
Cost of construction keeps going up so you need to spread out the cost over multiple units.
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26 December 2024 | 6 replies
They don't write books, do seminars or post on social media.
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23 January 2025 | 56 replies
They all said the original contractor’s work had been fine—even the tiling was far better than what the 2ndcontractor did as a redo.I heard later that Joey, the 2nd contractor was spreading it around town the reason he hadn’t finished my job was because I was slowing things down by changing everything and, also, that I owed him a lot of money.
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16 January 2025 | 40 replies
VC Firms and buyers would be looking for a portfolio that doesn't just have 1 or 2 streams of income, but rather also having the direct bookings and social media presence.There may not be many buyers who would purchase a 10-15 property portfolio, but if you scale to 30-50 or even 75-100+ Owned Units, I would think that VC / Private Equity firms may be interested.
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21 January 2025 | 59 replies
To achieve financial freedom, you'll need to scale to a portfolio large enough to spread risks across multiple properties while also generating enough surplus cash flow to cover both personal and property-related expenses.Many experienced investors achieve this by:-Strategically acquiring properties in high-cash-flow markets.
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30 December 2024 | 8 replies
I leave the marginal ones waiting, letting them know I will reach out when I have a showing date/time.At the showing, I collect their completed application (sent via PDF prior or filled out on premises), scan their photo ID and last 2 pay stubs.Then, I do some digging around online (social media, court records, Google) and if it looks like they are representing themselves to me accurately, I contact them and send them a link to do the background checks (paid by them directly to the vendor).
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9 December 2024 | 12 replies
I would like to start using social media, in particular YouTube, to market my business but I know very little about it.
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23 December 2024 | 9 replies
@Gash Nookala,Renting can indeed be slower in winter, but here are some tips to boost interest:Enhance Listing: Ensure your listing has detailed descriptions and high-quality photos—consider professional photography if needed.Competitive Pricing: Double-check local comps; even a slight price adjustment or incentives (like a reduced deposit) could attract more interest.Broaden Marketing: Beyond Zillow, Hemlane, and MLS, use social media, community boards, and local business connections to reach a wider audience.Flexible Lease Terms: Offering shorter or month-to-month leases might appeal to tenants during this slower season.Local Property Manager: A local pro can tap into their network and help fill the vacancy faster.These steps should help you find a tenant despite the seasonal slowdown.
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15 January 2025 | 29 replies
Purchase Price: $85,000Rehab: $5,000Loan Amount from Fund (AAA): $90,000Interest: 9%P&I: $724.16ARV: $145KLTV: 62%Sales Price to New Buyer: $145KInterest: 9%Down Payment: $15KAmount Financed: $130KP&I: $1,046.01CashflowDown Payment: $15,000Monthly Spread: $321.85Backend at Refi: $38,352There will be costs to administer the Fund but it's manageable given the upside, particularly at scale (I've done a full proforma with those costs in mind).
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22 December 2024 | 12 replies
Be active on social media, share your investment goals, and focus on building trust.