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24 January 2025 | 6 replies
I would make sure financially you have a good base and then connect with a local agent
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7 February 2025 | 0 replies
We’re currently using it for multi-family properties in a few core markets.While redIQ is a much more sophisticated tool that focuses on properties with over 50 units, our system is perfect for properties up to 50 units, providing an efficient solution for managing lead intake and financial analysis without the complexity of larger systems.Here’s how it works:Lead Intake & Processing: Automatically processes broker emails and key documents (OMs, Rent Rolls, T12s, etc.).Quick Review: Evaluates leads based on key metrics like IRR, price per unit, and more.Detailed Analysis: Extracts data from documents, evaluates financials, and identifies additional income sources.Market Research Integration: Automates checks on flood zones, demographics, school quality, etc.Deal Tracking: Uses Google Sheets to visually organize lead data—while not a full database system, it provides a simple and efficient way to store and track deals without the need for a full-fledged database like MongoDB.Financial Analysis: Built-in underwriting and financial modeling with automated reports.In addition to ZCG, I also own a portfolio of properties.
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7 February 2025 | 5 replies
I highly recommend investing in a property management software, such as Hospitable, for syncing your calendar, automating messaging, and scheduling cleans, as well as a dynamic pricing tool, such as PriceLabs, for optimizing your pricing based on market demand, local events, and seasonality.
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21 January 2025 | 4 replies
I was thinking of starting a rent increase for my 1 bedroom tenant voucher due it being low and well under fair market value(Based on hud and zip code) but my tenant is in the process of having a caretaker for her disability and getting approved for a two bedroom voucher.
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5 February 2025 | 4 replies
I am based in Houston and currently embarking on my journey into the world of real estate wholesaling.
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9 January 2025 | 9 replies
Shop LTV (or cLTV which is combined Loan To Value, basically your first mortgage and 2nd mortgage combined loan to value), rates, payment terms, time to close, and draw period (how long you can go into and out of your heloc).
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21 January 2025 | 4 replies
It can be used to monitor markets, filter results based on lots of different criteria & even includes annual revenue numbers that you can work backwards to see how certain markets/properties are performing.
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29 January 2025 | 107 replies
A lot of investors who succeed in EC know the tenant base very well and a lot of them self manage.
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2 February 2025 | 1 reply
I think we will see more "adult" families living together...kids move back in or parents move in with kids.The traditional apartment model was based on 12month leases, but jobs are not always 12 months and people want flexible terms, so co-living often offers that.Seems like younger people between 20-30 and some other age groups don't want to get married and start that housing pathway our parents and grandparents took.
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27 January 2025 | 17 replies
Based upon the screenshots of the software it looks like Investor's Edge software is just a white label of Propstream.