Kevin Beverly
Is PiN local Pre-MLS software worth the investment
10 May 2024 | 12 replies
Be a DON'T WANT-ER - always be willing and ready to walk if you can't get a good deal - And understand that you can always come back to that seller later and begin Second Stage NegotiationsAsk the 7 wordsAlways consider a subject to offerAlways ask for seller financingUse the Study Period Clause with right of possession to control properties without cashOffer seller participation - this is a great way to close dealsOffer something other cash - a note secured by your other equities, an unsecured note, a Principal only mortgage (using this technique you can offer more for the building since you are not paying interest - and as you know a direct reduction mortgage will pay off much faster.
Dave Meyer
Is Real Estate Still the Best Asset Class?
14 May 2024 | 164 replies
.- Real Estate is an amazing tool, buy right and just do DSCR 0.9 and that's it keep it for forever- We are the sub 3% rate owner basically we're living for free paid by the US gov/lendersAgain both investment has its own techniques to mastery both skillsets, we can become Ninja in Stock or Sam Zell-like in Real Estate, the trick is to keep learning and educating ourselves.And I am not selling any class lolJust want to point out that if market crash tomorrow (other than 401k), it is okay, we can make money either way.
Jeremy Willman
How to be successful buying 4 real estate properties in 4 years
10 May 2024 | 4 replies
A common way to build a portfolio quickly is to use creative, out of the ordinary, purchasing techniques.
Jacob Joseph
Postcards VS Letters
10 May 2024 | 6 replies
Some techniques that worked a decade ago no longer have the impact they did due to the number of people that are buying mass marketed lists and blasting out cards and letters that are machine written.
Deonte Hill
New Construction in Flood Zone
9 May 2024 | 11 replies
There are more hoops you have to jump through with inspections, building techniques and building materials.
Michael Sand
Buying property "subject to" vs. Adding someone to the mortgage/deed
11 May 2024 | 8 replies
Many years ago, there was someone that had a technique of doing this which didn't violate the due-on-sale.
Jimmy Humphrey
Over Leveraged?
10 May 2024 | 116 replies
And that's not to pass judgment on you or others who employ leveraged techniques to investing in real estate.
Karen Chenaille
DIY Cost Segregation Study Tips/Tools/Templates?
7 May 2024 | 56 replies
There are a number of guidelines the IRS has for performing a proper cost segregation study (which will pass in the event of an audit) Here is the link to that list on the IRS website:Cost Segregation Audit Technique Guide - Chapter 4 - Principal Elements of a Quality Cost Segregation Study and ReportI have never seen a DIY before, but I'm sure people do it.Depending on the size and type of your property the fee for engaging a qualified engineer-based firm to conduct the study can be as low as $3,000 (lower in certain cases), and the significant benefit created well outweighs the minimal costs.
Bubba McCants
Property Management Agreement
6 May 2024 | 10 replies
Quote from @Bubba McCants: I have the same technique as Drew: copy from others, customize to your business model and laws, refine as you go.I started with a two-pager that was built in the 80s and never updated.
David Lund
What’re your goals for 2023? Let’s motivate one another!
9 May 2024 | 107 replies
First goal: To create a rental portfolio of single and multifamily properties by utilizing creative financing techniques.