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12 March 2024 | 13 replies
Many OOS investors set themselves up for failure because they don't truly take the time to understand:1) The Class of the NEIGHBORHOOD they are buying in - which is relative to the overall area.2) The Class of the PROPERTY they are buying - which is relative to the overall area.3) The Class of the TENANT POOL the Neighborhood & Property will attract - which is relative to the overall area.4) The Class of the CONTRACTORS that will work on their Property, given the Neighborhood location - which is relative to the overall area.5) The Class of the PROPERTY MANAGEMENT COMPANIES (PMC) that will manage their Property, given the Neighborhood location and the Tenants it will attract - which is relative to the overall area.6) That a Class X NEIGHBORHOOD will have mostly Class X PROPERTIES, which will only attract Class X TENANTS, CONTRACTORS AND PMCs and deliver Class X RESULTS.7) That OOS property Class rankings are often different than the Class ranking of the local market they live.8) Class A is relatively easy to manage, can even be DIY remote managed from another state.
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14 March 2024 | 35 replies
If you have a major insurance claim or a fire or something, and your insurance company finds out you were renting out rooms or the whole house and you never told them, you and I both know that insurance company will do everything in their power not to pay. 11 - Fire Extinguisher.
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12 March 2024 | 4 replies
@Dave Hart I don't know of any data analytics tool that gives you accurate price to rent ratios on small multi-family properties.
14 March 2024 | 60 replies
Oh, thank my heavens for their power to negotiate a deal $125 less than what I had asked for and for making me pay my tenant's utilities!
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15 March 2024 | 43 replies
I have better things to do than to have to worry about tenants stealing food etc, more power to ya but 100% not for me.I also would never stay somewhere there is interior cameras, some things should just remain private, for no other reason than that.
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12 March 2024 | 250 replies
Also what do guys think AI can help here ?
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12 March 2024 | 5 replies
It's a powerful method for building wealth through real estate, especially for someone like you who's eager to get into the market and maximize returns.
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14 March 2024 | 18 replies
So, there is nothing wrong with your thinking.Buying power in your area should continue to increase as military, civilians, and contractors have been getting decent to very good annual increases.
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13 March 2024 | 55 replies
Lastly, don't underestimate the power of referrals.