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18 February 2025 | 148 replies
I would not want to be the accountant at this firm though trying to track all of this, especially if they have to file consolidated financials - Woof.
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23 January 2025 | 26 replies
Making money in real estate requires experience and starting with no or little money makes you study harder.As much as most of us probably wished for it, getting started with a lot of money in your pocket is a recipe for disaster: the temptation is to make the deal work by throwing money at it.If you want to go into real estate go with a syndicator with a good track record.
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16 January 2025 | 1 reply
.🎯 Your 6-Month Timeline:Month 1: Foundation (5-7 hours/week)Morning routine: 1 hour daily market researchEvening routine: Deal analysis practiceWeekend: BP forums & networkingKey Goal: Analyze 10 deals on paperMonth 2: Education (8-10 hours/week)Complete 1 RE courseJoin 2 local REI groupsSchedule lunch breaks with agentsKey Goal: Build your initial power team listMonth 3: Systems (10-12 hours/week)Set up deal tracking systemCreate document templatesEstablish banking relationshipsKey Goal: Ready to make offersMonth 4: Lead Generation (12-15 hours/week)Drive neighborhoods after workWeekend open housesSetup automated MLS alertsKey Goal: Generate first 5 qualified leadsNow, the Owners and Brokers you deal with may not enjoy this, but you can certainly "practice" making offers.
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15 January 2025 | 0 replies
Since 2022, rents tracked through the MLS system for the Charlotte Metro area have steadily dropped.90 Days of InventoryWe currently have 90 days of inventory on the market, a trend that’s persisted for five consecutive months.
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16 February 2025 | 44 replies
I have seen people buy non-existant properties, bottom of lake (literally underwater), slivers of land too narrow or small to do anything, Army bombing range, expired leases, cell tower now removed, property with 30 year lease and prepaid rent for 30 years, condemned buildings, toxic waste sites, land under railroad tracks, cliffs, landlocked property, wetlands, flood zone, unbuildable property, endangered species habitat, ....I have three rules for buying at Tax Sale:1.
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10 January 2025 | 12 replies
.: Stessa isn't good for keeping track of tax deduction items.Stessa was designed to just look at P&L.
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17 January 2025 | 6 replies
You want to find a balance of investing experience, but strong track record of multifamily sales (which you can see on their Zillow profile).
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15 January 2025 | 13 replies
It's been illuminating to see who the valid owner of each property is; there's a landlord leaderboard on the site.The direct value proposition allows lenders to track a list of clients or companies in real time.
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14 January 2025 | 2 replies
You're on the right track to reach out for help here and also to look to your area for potential partnerships.
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18 January 2025 | 16 replies
Also, keeping track of inventory is important as well (as is a trustworthy cleaner and that can get tricky if you have too much stock).