Lucas Schlund
How To Determine Your Farm Area When Buying Investment Properties?
3 June 2024 | 3 replies
Get in the habit of looking at and inspecting what's happening re listings and sales in your local area.
Stephanie Valdez
Interest in starting real estate investing
3 June 2024 | 4 replies
Paying for education is vital, mentorship can go both ways, only you know if you will take action.
Edward Schenkel
Ask An Attorney Anything About Real Estate Law
9 June 2024 | 223 replies
It is a good idea to review the contract with an experienced attorney to make sure you are protected.If there is defective work, a written contract will be vital in bringing a breach of contract claim, so you can claim the work is not in compliance with the contract.
Johnny Haygood
Rent to Retirement my experience
4 June 2024 | 10 replies
Feel" the true beat of the portfolio's income and expenses performance before using leverage to speed up the growth of your portfolio.Using cash only will protect your bottom line in scenario's like yours when the properties don't perform as expected as you won't be on the hook to cover the mortgage expenses.Just my bias opinion so take it with a grain of salt.I've also witnessed many finger pointing instances when others get involved.Like a new property manager, realtor, contractor, etc...I've had my share of bad experiences with realtors that threw my company under the bus and got in the investors ear to flog it at any price just so they can make a quick commission.It get's very messy, painful and pretty much turns into a disaster with the investor not knowing who to trust or what to do anymore.Similar to what you post about has happened to me and my company many times and if allowed the opportunity, we do our best to fix and come good.Some loose trust and faith and I 100% understand, but as soon as someone leaves the wing of my company there is not much that we can do because as I mentioned above, everyone else get's involved, has an opinion and the situation get's very messy.Having in-house property management is vital when such a "crisis" arises.I tried out-sourced PM when we first started and it was a disaster.We had no choice other than to bring it in-house.Hated my life for the first 5 years with in-house PM and fast forward 10 years, it has become our "golden goose" and a very well streamlined and beautiful business.From what I've seen and read on the forum and elsewhere it seems like RTR has a good reputation and what you have mentioned seems like a "worst case scenario".I hope RTR will assist you the best they can and all I can say is learn from the experience and don't give up.Do your best to weather the storm and focus on minutia.Don't have regrets and don't spend too much time dwelling on the past.Glimpse into the past to get guidance from what you could have done better and think ahead.Move forward smarter, more experienced and better.Wishing you well and much success with your future endeavors.
Champ Leong
Credit Cards are an investment???? lol
2 June 2024 | 13 replies
Once you start using your card for all your spending habits, all mortgages, all utilities, all expenses, groceries, travel, paying your taxes via card etc, it can quickly add up to tens of thousands of tax free dollars per year.8% cashback is pretty insane for high earners.
Jim K.
FOUND: $642K and gold behind a water heater
3 June 2024 | 56 replies
The fat tails always move the needles; it ain't your daily habits like cold ****ing showers and meditating to music.
Daniel Schroder
help me pick a tenent (sophie's choice)
30 May 2024 | 1 reply
I don't think they are married, but refer to themselves as "partners", and appear to have been co-habitating prior and during grad school.
Gordon Vaughn
The Best Kept Secret For Bidding On HUD Homes
5 June 2024 | 274 replies
But I'm an investor agent & a buyer's agent that doesn't buy the idea that Hud has recently implemented a nationwide no-disclosure policy where listing agents are now kept completely in the dark through the most vital piece of the sales process that HUD once relied on for years.
Cindy Shiblie
I have 3 newbie questions
30 May 2024 | 10 replies
The inspection will highlight everything that’s wrong with the property, and it’s vital to fix these issues first before tackling cosmetic updates.4.
Julie Muse
The Linden Homestead Revival
29 May 2024 | 0 replies
Sticking to target margins during negotiations was vital to preserving investment value.