
17 October 2024 | 10 replies
Still, there has to be a shared motivation to grow financially and a shared understanding of the risks involved with the particular investments you are looking at.This should be obvious, but I know from talking to investors for over 30 years that it's not.It's very difficult to be a successful real estate investor if your spouse or partner is not on board.

18 October 2024 | 6 replies
(Keyword research, competitor research, surveys, speaking to prospects on how they heard)If your research proves that there is demand, I would recommend you to either hire a good agency who has proven track record in your industry or hiring a fulltime employee with relevant seo skills who can manage this.SEO/Paid ads with consultants or agency would be challenging as the results depends on various things such as your website, market, content, offer etc.

17 October 2024 | 19 replies
Here are the Positives:Upfront Payment: The tenant’s offer to pay the full year of rent upfront, along with the deposit, shows a commitment and provides financial security for you in the immediate future.At least She was Honest in Her Communication: The tenant has been transparent about her situation, which can be a positive sign of reliability and sincerity.My Negative Concerns:Her Future Financial Stability: It's only a one-year lease, if her medical condition and financial condition should worsen (Heaven forbid), you may have to face her wanting out of the lease earlier than the 12 months and eventually you may be faced with having to decide not to renew the lease (after her 1 year contract is expired) based upon the sad news of her condition becoming worse, (Heaven forbid).

15 October 2024 | 8 replies
There is normally more of a progression as lenders will look for an improved balance sheet and track record.

16 October 2024 | 5 replies
Are you using Buildium for your accounting records and for tax purposes?

16 October 2024 | 2 replies
Record highs include 103°F on October 1, 1978, while nights can get chilly, with record lows as cold as 26°F on October 30, 1971.

16 October 2024 | 10 replies
Also, keep records of your contractor’s issues in case you decide to take legal action later.

17 October 2024 | 6 replies
This isn't really that earth shattering, just kind of annoying.The title insurer will usually require the scope of work and any lien waivers to issue certain endorsements required by lenders for recently rehabbed/constructed properties.Permits are all public record anyway - and often double checked by the appraiser.So - while it is kind of annoying, a lot of this work is already required to complete the transaction anyway.Just my thoughts.

17 October 2024 | 4 replies
For bookkeeping purposes for our clients, we usually do an 80 (building) / 20 (land) split until we have the correct figures from the county records (it takes some time for those to post sometimes).
17 October 2024 | 2 replies
I just started my due diligence phase, but the first thing I need to do is better understand the financial feasibility for the project, and how the return might compare to other investments we have undertaken in the past, which have been mostly acquiring existing buildings and renovating, not new construction.