
28 February 2024 | 14 replies
It does sound like there is a categorical difference in that evaluation versus staying relevant by keeping up-to-date with "must-haves" that are common among the top performers in your given market.

28 February 2024 | 1 reply
You can do DSCR loans or Hard money loans, where they only focus on how well the subject property performs in terms of the rental aspects or the ARV aka after repair value.

28 February 2024 | 3 replies
If you own the property in your name or a single-member LLC, you may perform the eviction yourself.

28 February 2024 | 16 replies
I'm considering diverse options for reinvesting the proceeds ($200k+) from a planned 1031 exchange and am open to various strategies:Las Vegas/Reno: These markets offer potential for both cash flow and appreciation, but I'd need more information on their suitability for mid-term rentals and current market conditions.BRRR strategy: This approach could be attractive for value creation, but I'm hesitant about out-of-state management and require a turnkey or experienced team to handle renovations.Other locations: I'm open to exploring other markets offering favorable investment opportunities, particularly turnkey properties or areas with manageable maintenance requirements.My preferences:Turnkey properties: Minimize management headaches and focus on cash flow.Limited appreciation: While some appreciation is welcome, cash flow is the primary priority.Shorter-term rentals: While Airbnb isn't an option in my current area, I'm open to exploring short-term rentals in other markets.Avoidance of major renovations: My recent experience has solidified my preference for well-maintained properties.Current portfolio:3 duplexes in Missouri (mixed performance)1 single-family home in Memphis, TN (turnkey, positive experience)Questions for the community:What are your thoughts on Las Vegas and Reno as potential investment destinations?

26 February 2024 | 7 replies
@Jaryn PiersonSince you are basically paying for it, you should ask if you can take it over to manageAlso, as Russell mentioned they are probably waiting for the appraisal to come back as if this system costs $50k, you still gonna buy the house as the price will go up by $50k and it may not appraise.They way I would have written this contract is the buyer will perform a septic design and budget and if the seller were to cancel the sale then they will pay for the engineering design and receive design.If you bailed then it’s on you and you could ask them to buy the design from you for future sellers or see if they would pay for it.I am very skeptical this deal will go through way it is written.

27 February 2024 | 6 replies
Today it will be very challenging as the rates on HELOC’s will be very high.Unless you perform the labor or get a screaming deal, your chances of getting all your money out will be challenging and it may end up being near 100% financing and thus little to no cash flowNot saying it cannot be done but in high interest rate environment brrr makes it that much harder

27 February 2024 | 4 replies
With limited support staff it can be difficult for companies to execute on time, and likely the actual on the ground cleaner has little financial incentive to perform meticulously .
27 February 2024 | 6 replies
So try to communicate as much as you can through those 3 parts of your listing to optimize your performance on the airbnb search engine.

27 February 2024 | 6 replies
IMO it would be worth paying a local attorney who performs evictions in the area the property is located for an hour of time to put a plan together to make sure you don't accidently do anything out of bounds.

26 February 2024 | 25 replies
While the marketing is key, and should certainly be factored in (influencer stays, paid social posts, video and photography work), the equally important point I was trying to make is you need a product that stands out.