
21 March 2024 | 12 replies
I would recommend buying new properties in single purpose LLCs - if you transfer them now you would trigger a transfer tax event unless you put them into a land trust.

20 March 2024 | 3 replies
I know if you’re in the city of Walnut Creek it’s a bit more stringent than unincorporated, but we haven’t pulled the trigger.
20 March 2024 | 0 replies
The Daily, the NY Times Podcast - discusses the recent NAR bombshell decision that rocked the real estate world.BTW - Did you know that the NAR owns the company that makes the lock boxes that agents use every day?

20 March 2024 | 2 replies
There is obviously a formal lease, and we also supplement with a room mate agreement which outlines the more specific things like overnight guests and expectations in dispute resolutions/ cleaning/ care for the home and appliances, etc.I haven't received one formal "LL request" email yet, other than a formal 30 day notice in the event of a move out, which is usually after they've come talked to me in person about it to begin with. if there's an issue, it tends to be pretty limited to "hey, we have this shower rod falling off"... which im usually here to deal with (and tbh most of the time they like to fix it up with me), and it doesnt need to turn into a big thing. as for keys, i have the house on a yale smart lock, so 'handing over keys' is just official move out, walkthrough of the room for damages, and then I can delete their access code and access to the smart home systems without having to re-key the house.
20 March 2024 | 2 replies
In hindsight, not continuing to purchase turned out to be very narrow minded.This year, after listening to some podcast episodes, and a presentation at a real estate meet up, I decided I had to reengage, and eventually pulled the trigger on the following deal.Property Details:Location: 13537 Cedar Rd., University Heights, Ohio (Cleveland Metro)Neighborhood Rating: A-Purchase Price: $153KRepairs: $65K (completion expected by May 1)Expected Total Investment: Approx. $225KProperty Features:First floor: 2 bed/1 bath, potential rent $1,200Second & third floor: 4 bed/2 bath, potential rent $1,500Separate utilities and heating/central AC systemsInitially, I projected over an 8% cash-on-cash return.

19 March 2024 | 4 replies
I have the funds to pull the trigger but it would be with the money I was already saving.

19 March 2024 | 16 replies
But TX law is different than what I am accustomed to, so it seems that filing that quitclaim would trigger the due on sale clause of our loan, which I do NOT want.
20 March 2024 | 6 replies
they are more expensive than stick built take years to get approved through the building departments in many jurisdictions and the folks that buy them are eclectic to a certain degree.. they work well in Rural settings where you can really lock them tight and leave and not worry about thieves.

19 March 2024 | 6 replies
I have listened to Podcasts, participated in Webinars, watched YouTube videos, read books, ran the calculators - from BRRRR to wholesaling to short-term rentals and more, but I have never pulled the trigger.