Ashley Mierez
Why don't agents and investors like wholesalers??
26 November 2024 | 25 replies
Even when wholesalers “kinda’ admit to the seller that they are going to “wholesale” the property, they still tend to mislead the seller by talking about “financing partners”, “equity positions”, “mentors” “membership” etc.So, various states have, under the banner of consumer protection, enacted legislation to restrict the use of the “wholesale” transaction in RESIDENTIAL OWNER OCCUPIED real estate - note, not commercial property and not residential when the transaction is between 2 investors.
Kay S.
What would you recommend? Divorcing, unemployed, house not selling
20 November 2024 | 11 replies
Divorces are not usually amicable so trying to get another party to agree to make money on the house (and move you out) will be time consuming and very unlikely.This statement though, "it is just sitting due to interest rates", is troubling.
Brittany P.
Reporting to Credit Bureaus
17 November 2024 | 2 replies
Because you are self servicing your loans most are not legally compliant with consumer protection laws and CFPB requirements such as sending statements on a monthly basis that have all the language the CFPB requires as well as each state may have additional requirements for sending out just a simple statement.
Calum Bressington
Lead Paint Certification
21 November 2024 | 25 replies
I never investigated further.I always questioned his recommendations because at the price/rent point he was advocating, the maintenance/cap ex would consume too much of the rent unless actively self managed.
Brandon Clark
Land Development Opinion
21 November 2024 | 14 replies
If wetlands are involved the process can get pretty time consuming, and costly but with your 3 - 15 acre lots you may be able to avoid impacting them which will save you a lot of time and money.I hope this isn't too confusing.
Jon Pflueger
Existing Residential Property in Commercial Zoning, can I build addition?
17 November 2024 | 7 replies
Costly and time consuming with no guarantee of success.
Leslie Daniely
First Property As A MTR-Quadplex
17 November 2024 | 16 replies
Adding it is costly, but doesn't have a good ROI which decreases the ability to force appreciation.So, too long; didn't read: Macon has a lot going for it as market (big hospitals, light competition, reasonable expected rent), but we opted to not invest there because while the cash flow was appealing, we really want to see great appreciation potential in what we buy.
Stuart Udis
Structuring your entities for anonymity is NOT asset protection
21 November 2024 | 39 replies
I opted for the insurance cooperation and received a $50K check I was able to deposit in my bank account.
Keri Win
New landlord: Need advice on apps to manage your property and lease agreements
19 November 2024 | 23 replies
Time Savings: Managing properties can be time-consuming, involving tasks like tenant screening, maintenance coordination, and rent collection.
Alec Raven
Property Management Education/Certificates/Books Recommendations:
14 November 2024 | 4 replies
Here's a list of some things I've consumed and think were worthwhilePeter lohmanns podcast, newsletterWolfgang croskeyPM podcastsprofitcoach webinarsEvernest podcast and webinarsNARPM leadsimple webinars, blogsproperty meld webinars, blogs (maintenance focused)there's probably a lot more, but that's enough to get you started and you'll find more by going through those.