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17 January 2025 | 6 replies
@Tamika Davis One of the biggest advantages of most software on the market is to complete these tasks you mention (maintenance, leases, rent collection, etc).
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23 January 2025 | 5 replies
Many opt for other investing methods in their SDIRA like private lending, crypto, private equity...anything except collectibles and life insurance.Note that a Solo 401k is exempt from UBIT on leveraged real estate so if you have self employment activity and no full time employees save for you and your spouse you should consider the Solo K as an option.
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23 January 2025 | 4 replies
Also, focus on 2 years of job/income stability.Class D Properties:Cashflow vs Appreciation: Typically, all cashflow with little, maybe even negative, relative rent & value appreciationVacancy Est: 20%+ should be used to cover nonpayment, evictions & damages.Tenant Pool: majority will have FICO scores under 560 (almost 30% probability of default), little to no good tradelines, lots of collections & chargeoffs, recent evictions.
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22 January 2025 | 10 replies
When you can borrow 80% tax free and continue to collect the income?
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12 February 2025 | 75 replies
Facebook will collect the ad form submissions from people interested in selling their house to you, but you still need a way to get those submissions so you can contact them.
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19 January 2025 | 5 replies
All but one of the family members are on board, and we collectively own the majority, but it's 55% and the bank requires 60%.
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23 February 2025 | 33 replies
Collections, drive by shooting, spousal abuse, police presence, we’re all an ongoing problem.
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18 February 2025 | 148 replies
@Brent Mendenhall The best thing for any investor is to avoid your company and those like it out of respect for their investment dollars.Why is there no formal agreement between RAD and DDH Fund LP when DDH Fund owes RAD's investors millions of dollars and collects rents on behalf of RAD.
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19 January 2025 | 51 replies
The tenants enjoy using the interface, it is simple to communicate with them as a whole or individually, collect rent payments and see when they are in transit, offer CC payment options at tenants expense, track maintenance request, share documents, and lease the property.Short comings are their financial portion.
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1 February 2025 | 3 replies
If HOA by laws state past due owners are responsible for all late fees and legal expenses for collection hire an attorney to go after the past due.