Thomas Farrell
BRRRR with ~400k Capital
18 January 2025 | 16 replies
If scaling quickly is your goal, DSCR loans are a great tool for the refi portion since there’s no 12 month seasoning requirement like conventional loans, and DTI isn’t a factor.
Marisela Arechiga
To ADU or to Purchase Another?
14 January 2025 | 8 replies
Due to item 1, adding an ADU can require years to start achieving any return (once the accumulated cash flow recovers the initial negative position).4) Adding an ADU is a slow process.
Tod DuBois
Typical Occupancy Rate - and how to calculate?
24 January 2025 | 4 replies
I am sorry that the storm that passed through just prior to your stay required emergency roof repairs.
Robert Pickett
How to roll over 1031 exchange funds
29 January 2025 | 5 replies
You’ll have 45 days from your sale to identify them and you’ll have to buy enough of them, and only them, within 180 days of your sale to meet your 1.1M requirement, or face taxes.
Nathan Harden
Expanding to Akron, looking for advice
17 January 2025 | 21 replies
Canton is not quite as bad, although they have increased annual fees and initial inspection requirements in the past few years that Akron never put in place.
Chantelle Lewis
Property manager recommendations - LA County
24 January 2025 | 3 replies
What documents do they require, what credit scores do they allow, how do they verify previous rental history, etc.?
Adam Macias
Wholesaling as it is today will be a thing of the past.
12 January 2025 | 8 replies
Quote from @Adam Macias: Wholesaling as it is today will be a thing of the past.It’ll truly be strange to even hear people and gurus trying to make big money off it.The more people try wholesaling but then end up not having an end buyer or cancelling contracts or trying weird things like novations, the more all of real estate will be regulated and cause requirements like licensing to be able to transact more than just your personal resident purchase.Which I don't know why hasn't happened sooner.Here's all the states (in red or yellow) requiring a license to wholesale or at least have started the process:Credit: REITipsterI think licensing and regulation is a beautiful thing that should happen if you plan to be an wholesaler and do more than one deal... which is going to be the case for anyone taking this business seriously.Or even it being regulated to need a real estate agent to do more than one deal outside of buying a personal residence.I've had plenty of failed attempts with agents in pursuit of wholesale deals and I know exactly why, it's not because the agent couldn't find me deals, it's just not practical to think there's opportunity for the numbers a wholesaler needs to make a profit on top of everyone else needing to these days.Because the only sellers who truly can sell at a deep enough discount are usually those who ran out of time and just didn't do something sooner with their situation.I know many coaches and gurus will disagree with me but there’s no regulations on youtube gurus and what they teach either.If we look at the current state of the market in hot cities, the availability of online resources to the average homeowner, how many deals can you possibly believe are available at 70% of ARV?
Isadore Nelson
Help Non-Paying Tenant Transition Into Section 8 Eligibility?
28 January 2025 | 15 replies
You are required to vacate the home before 5:00 PM on December 31, 2024.
Nadine Wallace
Advice on temporary security cameras during rent-ready repairs on long-term rentals
16 January 2025 | 7 replies
Maybe I’m wrong but I had to do that on our STR (Ring) and Wyze also requires close proximity on initial setup.
Luisa Morejon
What to do with the proceeds of the sale of my home?
1 February 2025 | 23 replies
to see if you like it and can learn/handle the require underwriting. - contact @Jay Hinrichs about this, pay him if necessary, as he's been doing for 25+ years.Good luck!