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18 January 2025 | 19 replies
@Nicholas Stout Normally when I hear landlords make the conscientious decision to "convert" their properties to Section 8 rentals, they have a real estate problem wrongly diagnosed as property management or tenant issues.
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16 January 2025 | 11 replies
You’ve gained valuable experience from your first duplex and are now approaching real estate with a strategic mindset
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18 January 2025 | 11 replies
Feel free to DM me if you'd like more insights on all this (we don't do biz in Alabama so got nothing to lose).Here's some other "copy & paste" advice on how to search for a better PMC:----------------------------------------------------------------------------------------------Recommend exploring as many sources as possible to get referrals AND cross-reference them to get as much accurate information as possible.Check out NARPM.com, BP’s Property Manager Finder (BiggerPockets: The Real Estate Investing Social Network), etc.Also, encourage you to learn from the mistakes of others - by reading posts here on BiggerPockets about owners not having their expectations met by their current Property Management Company.
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3 January 2025 | 14 replies
Johnson City could be a great spot for STRs, especially if you focus on hospital staff rotations, visiting professors, or traveling professionals, which would balance out any seasonal dips in tourism.For STRs, consider targeting weekend travelers exploring the Appalachian Trail, Boone Lake, or local festivals.
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16 January 2025 | 2 replies
You have used home equity lines of credit to purchase investment rentals and want to know the best way to pay down the HELOCs.Between the two properties you bought, after expenses, you have $250 a month positive cashflow to use.What I like to do is pay down some principal every month with my positive cashflow.I use my extra active income from real estate commissions helping other investors to pay down the principal even more which just frees up that credit for me to use again.I know I can refinance the HELOC debt before it changes to principal and interest as it is just interest only payments as yours are.One difference is the cashflow, I have greater positive cashflow and could make the principal and interest payment in the future with the extra cashflow I already enjoy.I always get HELOCs on my income properties as well after purchasing them to pull out as much of my downpayment as possible.
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12 January 2025 | 2 replies
Quote from @Zach Howard: I think it's probably better to hold real estate in an LLC than in my personal name.
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16 January 2025 | 7 replies
Have you gone to local real estate events?
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20 January 2025 | 57 replies
Yes, he can be sued by the seller; anyone can sue for almost any real or imagined cause.
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12 January 2025 | 0 replies
Hello,I am a Software Engineer and a Real Estate Investor working on a tech product for the real estate mortgage brokers.
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14 January 2025 | 0 replies
Timing and location critical Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?