Drew Mullin
New Orleans fix and flip market?
8 January 2025 | 10 replies
So just kindof testing the waters and getting peoples thoughts.
Michael Plaks
EXPLAINED: sending 1099s to contractors and vendors
15 January 2025 | 13 replies
Early testing of this new system indicates that it’s a pain to get access to.
Jason Baker
Wholesaling Market in Miami
12 January 2025 | 8 replies
Do you see Nike cold calling customers or driving for dollars?
Matt McNabb
Building Future Cashflow Portfolio
15 January 2025 | 14 replies
Start by building a solid team, analyzing deals carefully, and making your first purchase to test and refine your strategy.Good luck!
Sam Hendricksen
Buying near new casino
5 January 2025 | 5 replies
Having watched many prior co-workers get paid, cash their check at the casino, and promptly deposit it all into a slot machine I can tell you with pretty good certainty that casinos don't have a positive effect on disposable income and good use of the existing income in the area surrounding :)Are there solid local employers OTHER than the casino in a 15-minute drive?
Garrett Brown
What is your biggest struggle in the STR world right now?
26 January 2025 | 48 replies
I'm in a drive to beach market so I'm on it but I would think college towns, mountains etc. might be similar.
Jonathan Bombaci
Spent $209,000 on Attorney Fees in 2024 – Considering In-House Counsel in 2025
8 January 2025 | 11 replies
An in-house attorney would focus on resolving issues efficiently rather than driving up fees with extra billable hours, which can happen with outside firms.That said, I’m questioning whether this is the best perspective.
Eric Maxwell
1st time landlord
9 January 2025 | 1 reply
Sometimes, I see investors lean into property managers who know the landscape and can “drive for dollars” around the block.
Chrissy Smyth
Rental in depresses area and minimum requirements
8 January 2025 | 3 replies
Of course they are going to have bad credit or they would be looking in a better area.Another thing you may want to consider to drive more applications is to not charge the application fee.
Elan Adler
My experience buying a turnkey cash flowing (kinda) turnkey rental outside Huntsville
19 January 2025 | 18 replies
Since it’s a new build, I was able to negotiate some great perks, like a 5.875% interest rate, no closing costs, a fridge, blinds, and even a backyard firepit.Pros:Good school districtLow interest rateMinimal CapEx and repairs (because it’s a new build)Low insuranceHigh-quality tenants (due to the school district and being a new build)Cons:Lots of new builds in the area, which could drive down prices and increase vacanciesThe Numbers:Price: $290KInterest Rate: 5.875%Down Payment: 25%Monthly Mortgage + Insurance + Taxes + HOA: $1,480 (I got really low insurance since it’s a new build and Alabama’s property taxes are low)Property Management: 10%Rent: $1,800 (this is under market because I wanted to rent it quickly—most units in the area were sitting vacant for 100+ days.