Taylor McClure
I’ve heard of buying pre-foreclosures, anyone have experience?
15 January 2025 | 8 replies
.- The golden rule in my group is the seller has to have a deal, the numbers work, be willing to sign, be willing to move out no later then 7 calendar days prior to the auction!!!!!
Timothy Finney
New Member from Austin, TX – Excited to Begin My Real Estate Journey
18 January 2025 | 6 replies
I’m looking to take advantage of an FHA loan and the 2-out-of-5-year rule for my first investment.
Deirdre Lizio
Should you pick a property manager based on price or service?
17 January 2025 | 23 replies
These are large financial assets it shouldn't be hard to justify paying for good service.
Emily Gowen
When to sell vs hold rental properties that have appreciated?
25 January 2025 | 14 replies
I also saw a blog post by the Financial Samurai that said if he could sell a rental for more than 100x the monthly rent, he should... but I wasn't sure if others liked that as a general rule?
Tom Miller
The city wants to buy my property
8 January 2025 | 7 replies
The city wants to tear the property and surrounding properties down Zillow said it’s worth 38000The city offer me 13000.I could use some adviceHard to give advice with limited information, but as a general rule, the longer you wait and the further down the line their project is the more valuable your property will be to them.Zillow (and all automatic online) estimates are very unreliable, so don't base on that.
Albert Gallucci
How do you detirmine the class of a Property
27 January 2025 | 12 replies
Generally larger commercial properties and shopping centers are easier to classify with hard and fast rules, but to the points above the residential areas really move very quickly and have way more nuance than most people care to admit.zip codes are generally way too large for my liking at least in my market to provide any kind of insights other than macro level economics but even then highways or rivers that cut through a zip code can end up with totally different trade areas.we can get pretty granular with cellphone data and with grocery center data to understand the trade areas and their true boundaries, but that kind of data pull is generally only cost effective for investors doing larger scale projects or developments, and honestly we still just end up getting on the ground and feeling it out, so I generally tell people that the money is better spent on a plane ticket and weekend trip in the area you are looking rather than any kind of "trade area" level data studies.and generally B class in 1 area means something different than another.
Noy Rivlin
First-Time Investor Looking for Advice and Connections in Pittsburgh!
1 February 2025 | 14 replies
Once you go above $125k/unit you start to get into the high end areas that won't have very good rent/price ratios and are under the 1% rule mark for turnkey stuff.Neighborhood wise in the city the "East End" is where the most expensive real estate is since that's where the universities and a lot of the hospitals are located.
Nichole Stohler
I finally moved to a self-directed IRA and here’s what happened
23 January 2025 | 16 replies
I needed to find a passive real estate income stream that would work within the IRS’ self-directed IRA (SDIRA) rules.
Ben Callahan
Californian new to REI - looking for out-of-state rental property
6 February 2025 | 34 replies
It's a super affordable real estate market where you can still find deals that hit the 1% rule anywhere from $120-180k purchase price.
John Underwood
No tax on Tips for Rental Income
31 December 2024 | 12 replies
Any business could do this with their services and the savings would certainly justify the additional effort.But if you take advantage of the new law, wouldn't the renter do the same?