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Results (10,000+)
ZZ Song Any experience with Prime Corporate Services?
20 January 2025 | 31 replies
That’s half the cost of Prime’s reduced rate.2nd, like everyone is saying, the cost of setting up and LLC is less than $100… closer to $50… if you just do it yourself through the state (not complicated).3rd, if you want someone to help you draft your operating agreement, hire a local real estate attorney and it will be significantly cheaper than $1660… probably cheaper than $550.4th, if you want someone to do your taxes and help you get your max deductions - talk to a CPA who specializes in real estate and they can review your operating agreement to see if you’re setting yourself up properly, and they can do your regular taxes… and be cheaper than Prime. 5th, a separate CPA can work with you regularly to review your investments and strategies to determine good tax strategies as you look to execute any deals. 6th - don’t lock yourself into a crazy subscription model before you start making money!!!
Nitesh Chand Can I sell my house with tenants
4 January 2025 | 12 replies
You must give proper notice before each showing, you must give the renters the opportunity to buy the house first, and the new owner will have to honor their lease if they intend to stay.
Zachary Young Where To Buy My First Rental Property
30 January 2025 | 56 replies
that we’ve learned in our 24 years, managing almost 700 doors across the Metro Detroit area, including almost 100 S8 leases:Class A Properties:Cashflow vs Appreciation: Typically, 3-5 years for positive cashflow, but you get highest relative rent & value appreciation.Vacancy Est: Historically 10%, 5% the more recent norm.Tenant Pool: Majority will have FICO scores of 680+ (roughly 5% probability of default), zero evictions in last 7 years.Class B Properties:Cashflow vs Appreciation: Typically, decent amount of relative rent & value appreciation.Vacancy Est: Historically 10%, 5% should be applied only if proper research done to support.Tenant Pool: Majority will have FICO scores of 620-680 (around 10% probability of default), some blemishes, but should have no evictions in last 5 yearsClass C Properties:Cashflow vs Appreciation: Typically, high cashflow and at the lower end of relative rent & value appreciation.
Kevin McGinnis Eviction in Madison County Illinois
26 December 2024 | 2 replies
Make sure you have properly served the notice and you have "Proof of Service" properly filled out. 
Adam Macias Wholesaling as it is today will be a thing of the past.
12 January 2025 | 8 replies
I've done plenty of deals without and agent, off market not even on the MLS but I'm one of those wholesalers that did things properly, had qualified buyers before even reaching out to sellers and strictly stuck with assignments.Biggest problem is so many "wholesalers" barely have the understand of a deed or what title insurance is so there's an immense amount of knowledge they need before hand which can just be provided to them by getting a license!
Gustavo Delgado why should we still invest in real estate?
4 January 2025 | 25 replies
I'm weighted towards RE but I have been buying in the public markets recently (stocks, index funds, bonds, REITs, Master Limited Partnerships, Business Development Companies).
Matthew Steele Lost lease, tenant issue
4 January 2025 | 11 replies
Give proper legal notice of non-renewal and get them both out.
James Wise Failed Leadership is why California is on fire.
23 January 2025 | 165 replies
Plus I can see folks stealing those things or trying to break into them  although when they are full up with ammo they would weight a ton :)
Leon G. Getting out of the rental business after 10 years
10 January 2025 | 67 replies
Not so much ;)So now investors are feeling the weight of dog properties…be it higher interest rates, non paying tenants, property values falling, government intervention (especially in CA), etc.
Alec Barnes How Do You Ensure Quality Tenants?
9 January 2025 | 12 replies
This is a more advance tenant placement tactics people who lack the experience or with an innocent mind can't read others properly should do more often before they relying on their read.