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13 February 2025 | 3 replies
How do these deals typically perform in terms of cash flow and equity growth?
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18 February 2025 | 4 replies
Their taxes and insurance may have doubled and they can't afford the house any more.I think geographic is tough because there just isn't typically the turnover any more in most areas.
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10 February 2025 | 6 replies
As the agent I typically become the face of the transaction.
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8 February 2025 | 14 replies
Too bad you can't buy something owner-occupied, put 5% down with the best interest rate, live in it for 12 months (and fix it up), rent it out and repeat the cycle.Here's some other info you might find useful:----------------------------------------------------------------------------------------------------------------Recommend you first figure out the property Class you want to invest in, THEN figure out the corresponding location to invest in.Property Class will typically dictate the Class of tenant you get, which greatly IMPACTS rental income stability and property maintenance/damage by tenants.If you apply Class A assumptions to a Class B or C purchase, your expectations won’t be met and it may be a financial disaster.If you buy/renovate a property in Class D area to Class A standards, what quality of tenant will you get?
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15 February 2025 | 11 replies
If you are looking at a 300 unit apartment complex with a $100mm purchase price, then typically you want large, diverse economic, growing cities.If you are buying an Airbnb, well this is a marketing game.
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4 February 2025 | 6 replies
I'd check local STR FB groups and see if you have a local Real Estate Club.You can offer your services there, maybe for free in exchange for the experience.
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20 February 2025 | 8 replies
@Jim LynchSome typical minimum tenant screening requirements look like the following, but it depends on your market:-Renter has a gross monthly income of 3x more than the monthly rent-Minimum credit score of 650-Renter must have no prior evictions-No felons (or other notable criminal history)There are a number of different tenant screening softwares out there such as Zillow Rental Manager, TransUnion SmartMove, etc.Be sure to complete an employment verification by contacting the renter's employer and confirm the details they shared with you, landlord verification (if they have a previous landlord), credit check, and background check.
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18 February 2025 | 0 replies
These reviews typically highlight:✔️Location✔️ Cleanliness✔️ Host communicationNice to have, but not enough to differentiate your property in a competitive market.A Raving Review Markets It goes beyond the basics and helps future guests see the one-of-a-kind experience that only your rental provides.
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22 January 2025 | 5 replies
Typically if you attend any investor meetings about 1/2 the crowd in many groups are agents looking for business.If you want to network, try service clubs, alumni groups, charities, religious groups, hobby groups or whatever interests you.
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13 February 2025 | 1 reply
You can use your platform as landlord to advertise the service, but other than that it's not related.