Samuel Kim
Real estate professional status 750 hours doable?
31 January 2025 | 27 replies
Nice try, but this time does not count.In order to meet 750 hours, your wife will need one of the below:- do something else real estate related, like wholesaling or realtor- actively work on expanding your rental portfolio - have an extensive DIY rehab, like a month-long full-time rehab (and then she might need another kind of rehab)- a calamity such as multiple properties damaged in a storm where she will have to deal with insurers and contractors- something else out of the ordinaryAgain - if all you have is 9 single-family properties with stable tenants and typical occasional maintenance - you don't have enough work to collect 750 hours.
Joe Gellenbeck
New to Investing - Excited to Get Started!
21 January 2025 | 18 replies
@Joe Gellenbeck Recommend you first figure out the property Class you want to invest in, THEN figure out the corresponding location to invest in.Property Class will typically dictate the Class of tenant you get, which greatly IMPACTS rental income stability and property maintenance/damage by tenants.If you apply Class A assumptions to a Class B or C purchase, your expectations won’t be met and it may be a financial disaster.If you buy/renovate a Class A property in Class D area, what quality of tenant will you get?
Christopher Stevens
REI Nation Property #4 - 7320 Marrs, TX - Thanks REI Nation!
7 February 2025 | 16 replies
Plus, there was lots of damage in a short period of time from those instances.That's okay because I have great support from my property management company, PPMG.
Sarp Ka
Cheapest way to make a cash offer???
22 January 2025 | 14 replies
Lenders desperately need/want business especially in this interest rate environment (right now, the main source of mortgage loan business in Florida is rehab financing as a result of the hurricane damages) and one way the big players differentiate themselves is by streamlining the process.
Aaron Robertson
How AB 2622 Is Transforming Property Management in California
9 January 2025 | 0 replies
Simplified ManagementFor those managing multiple properties, AB 2622 streamlines operations by expanding your hiring pool and removing the red tape often associated with minor repairs.Why It Matters for TenantsTenants also benefit from AB 2622:Faster Maintenance: Minor issues like plumbing or lighting can now be resolved promptly.Fairer Move-Out Costs: Affordable repairs mean tenants aren’t hit with inflated charges for damage beyond normal wear and tear.Things to Keep in MindWhile AB 2622 makes maintenance easier, landlords should still vet unlicensed workers carefully, ensure proper insurance coverage, and remember that jobs requiring permits must involve licensed contractors.AB 2622: A Win-Win for California’s Rental MarketAB 2622 strikes a balance between flexibility and accountability, making it easier for landlords to maintain high-quality rentals while fostering better tenant relationships.
Mike Beer
Has anyone tried the RaiseMasters program by Hunter Thompson
14 January 2025 | 39 replies
However, he does have tasks like responding to questions time blocked in his week and I’ve yet to have a question left unanswered.
Jaedon Stout
Looking for Real Estate Investment Strategies Using Funding
13 January 2025 | 5 replies
This eliminates the problem of increasing your debt and damaging your credit score.
Kenzer Hodgson
LLC or Umbrella policy
8 January 2025 | 14 replies
Umbrella Policies are good, but they are not an asset protection tool, they only cover litigation/damages after you’re already in litigation or found personally liable.
Chris Lin
5 Years with REI Nation: Convenience Over Cash Flow
4 February 2025 | 24 replies
Once again, Chris and the team communicated frequently about preparations and damage control.
Kar Sun
Tenant insurance underwritten with landlords name
4 January 2025 | 5 replies
This ensures that any payout for damage or liability can be processed more smoothly, and it can help protect your interests if something happens on the property.