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4 February 2025 | 18 replies
You are competing against other owners who have a much lower basis and/or debt cost to cover.
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21 February 2025 | 5 replies
They offer some good options for sellers that want to move property quickly.
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20 February 2025 | 8 replies
Hey Ali, marketing the property yourself could be a smart move.
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27 February 2025 | 0 replies
Here’s a breakdown of the pros and cons of each approach based on my experience:Tenant Swapping:Pros:Tenant Retention: Keeps the property occupied, which helps avoid vacancy periods.Minimizes Turnover Costs: No need for cleaning, marketing, or re-screening tenants if the new person is already known.Flexibility for Tenants: Can be seen as a more tenant-friendly approach, allowing them to find a replacement without facing penalties.Cons:Risk of Unknown Tenants: The new tenant might not be as reliable as the original one, leading to potential issues down the line.Lease Violations or Delays: If the new tenant doesn’t meet the lease requirements or fails to sign a new agreement, this can lead to complications.Operational Complexity: Keeping track of the lease terms, managing paperwork, and ensuring proper screening for new tenants can increase administrative work.Notice for All (One Notice to Vacate for Everyone):Pros:Clear Expectations: Everyone knows what’s expected, and there are no surprises with last-minute tenant changes.Consistency: Easier to manage leases and tenant turnover with a straightforward system.Quality Control: You can screen all tenants that are moving in, ensuring the new occupant meets your standards.Cons:Longer Vacancy Periods: The property may stay vacant for longer, especially if finding a replacement tenant takes time.Tenant Frustration: Current tenants may not be happy with the requirement to vacate, even if they want to stay.Marketing and Re-screening Costs: You’ll have to go through the process of finding and screening new tenants, potentially leading to increased costs and downtime.I’d love to hear what others are doing!
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27 February 2025 | 0 replies
.🔹 Step 21 & 23: Plumbing & Electrical (Inside Walls & Ceilings)Before you close up the walls, make sure all the important stuff is squared away:✅ Plumbing – Replace any old, leaky pipes, move fixtures if needed, and double-check water pressure.✅ Electrical – Upgrade outdated wiring, install new outlets, and make sure the panel can handle modern appliances.Heads up: If you’re not a pro, hire one for this stage.
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26 February 2025 | 3 replies
Does anyone have any recommendations for brokerages moving forward?
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26 February 2025 | 3 replies
Just wanted to say hi and that I appreciate this platform and all I've learned listening to the pod that empowered me to make these moves.
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26 February 2025 | 2 replies
In these cases, the mortgage remains in the name of the investor; however, the LLC typically handles all mortgage payments moving forward.
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25 February 2025 | 1 reply
Some are spending hundreds—sometimes thousands—a month, draining their financial futureAs real estate investors, we know that wealth isn’t built by hoping for the next big win—it’s built by making calculated, smart moves.
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12 February 2025 | 0 replies
But about 1 year after we bought the property, they started cracking down on the homeless in downtown Jacksonville moving the crime to the neighborhoods just outside of Jacksonville.