Susan M.
Problems w/ Allegiancy DST's? Alorica DST in Texas. RE Gain Fund LLC REIT 721.
9 January 2025 | 11 replies
I'm guessing you got the same letter I received from REVA, although mine was in reference to a different DST - Reva One.
Amanda Bradley
1 yr lease ending 2/2/2025
7 January 2025 | 5 replies
Avoiding the occupants from squatting is best addressed with background checks, employment verifications, and references before signing the lease.
Garrett Brown
A very simple way to increase your ROI inside your STR
9 January 2025 | 35 replies
In my area (near the beach) its mostly families and they want cabanas, baby items, chairs, coolers etc that we do not provide but I have a local vendor that delivers and picks up these items and charges a few dollars per day for each item, and give me a 20% referral.
Diana Teng
Should I Buy My First Rental Property Out-of-State If I'm Unable to Scout the Area?
29 January 2025 | 54 replies
I often refer to that as "The Rest of the Story."
James Wise
Why do people Buy Property in California
22 January 2025 | 203 replies
Own every nice toy, item, apparel, everything imaginable.
Thu Pham
Purchasing an existing Airbnb with future bookings
14 January 2025 | 25 replies
I would only recommend purchasing items that fall into that vision.
Jared Fisher
Cleveland Property Manager Recommendations
11 January 2025 | 9 replies
@Jared FisherRecommend exploring as many sources as possible to get referrals AND cross-reference them to get as much accurate information as possible.Check out NARPM.com, BP’s Property Manager Finder (BiggerPockets: The Real Estate Investing Social Network), etc.Also, encourage you to learn from the mistakes of others - by reading posts here on BiggerPockets about owners not having their expectations met by their current Property Management Company.
Nate McCarthy
How to approach landlord about buying their rental?
13 January 2025 | 12 replies
This could be an opportunity to add value by offering to help with clearing or relocating those items as part of any potential agreement.Why This Could Be a Good Move for YouYou see long-term potential in the property, especially with the large lot and development possibilities (even if those are years down the line).As the current tenants, you have the advantage of a direct relationship with the landlord and familiarity with the property, reducing competition and risk.This could be a chance to lock in a property that you might otherwise lose if it hit the open market, especially in today’s competitive environment.Challenges to ConsiderIf the landlord is emotionally tied to the property or reliant on rental income, they may be reluctant to sell.Financing could be tricky, especially with today’s interest rates and the gap between the current rent and what a conventional loan might cost.The development potential you’re interested in is likely a long-term play, which means the property could be financially tight in the short term, especially if you’re only breaking even or slightly negative on cash flow.Structuring a Potential DealTo make this feasible, you’ll likely need to explore creative financing options that align with both your financial capacity and the landlord’s goals.Seller Financing: Propose a deal where the landlord acts as the lender, allowing you to make monthly payments directly to them.
Joel Florek
31 units in 30 months at age 24, $70k Annual Cashflow
9 January 2025 | 116 replies
Greg If you are referring to hare money that is not what I used. 80% was financed through the bank and 10% debt held by the seller.
Travis Tamillo
Active duty turned Realtor
11 January 2025 | 13 replies
My hope is I can gain their trust as a property manager and eventually be the one they turn to to sell later on or refer for business in the future.