Owen Maiden
Good C Class Neighborhoods to invest in in Cleveland, OH
29 December 2024 | 30 replies
As @Patrick Drury mentioned- the West Side does not have any POS areas (besides Lakewood, but it's only needed for previously non-owner occupied/rental properties) Something else to consider in Cleveland proper is Lead Safe Testing ..
Bob Asad
How do you prevent co-mingling of funds?
7 January 2025 | 24 replies
However, it is perfectly acceptable to combine all tenants’ security deposits into a single account.
Toby Khan
Wichita, KS Investors
9 January 2025 | 107 replies
Ultimately it will depend on the property (banks perform stress test-debt ratio)-but I think 5 year term is what I found so far.
Christian Pichardo
New Investor in TROUBLE - Carrying costs since April 2024
27 December 2024 | 34 replies
Or if your accepting to be very hands-on as owner-operator.
Eddie Gonnella
Airbnb Hosting as an Individual or Business/Brand? Building to sell/transfer
16 January 2025 | 40 replies
Either way, I wouldn't put the AirBNB terms of service to the test.
Ben O'Neill
How to calculate ROI with multiple loans on purchase property?
19 December 2024 | 5 replies
Additionally, don’t overlook the opportunity cost of pulling money from your 401k—those funds could have been compounding in the market.I’d also suggest stress testing your ROI by running scenarios with higher expenses or lower rents to see how resilient the investment is.
Scott Gorham
Apartment complex purchase
20 December 2024 | 1 reply
Many sellers will not accept this since they are in second position, and it is very risky since if you default (higher probability for investors with no money and/or no skin in the game), they will most likely be wiped out during a foreclosure.
Kevin Collins
REI Nation Experience
31 December 2024 | 32 replies
., etc. for example finding cash flowing investment properties which meet your ROI goal of 9% is NOT HARD heck almost every state (and likely every state) has a market which will achieve that but what does 9% mean without a dollar value if 9% is = to $200 or more okay that’s okay but if 9% means $25/mo. or alternatively if 50% ROI means $25/mo. doesn’t really matter much since although labor differs from area to area it doesn’t differ that much and also doesn’t really leave much room for error — so your minimum accepted ROI should also be couple within a minimum accepted $$ value (cash flow) and other minimums as well (i.e. min. equity, property types, property classes, etc.)Lastly as I mentioned achieving a 9% ROI is not hard and is achievable in every state; the HARDER part is to 1) achieve that AND 2) achieve 10-20% min.equity on the buy in or ARV AND 3) meeting your min. $ value AND 4) buying in a good/stable neighborhood/market AND 5) buying with some type of upside AND 6) etc. etc. etc. —- Again I’m not saying you have to do these things; it all depends what type of investor you are and what you are looking for however it is important to understand that if you shift the responsibility of either identifying the invest property or managing or any other aspect there WILL be a trade off — in this case the turnkey company has delivered on your goal of 8-9% ROI (projected... so TBC) and in return you have traded some of the other benefits of investing in RE for the convenience of not having to do much more than to look over the properties they have sent you and funding it from the comfort of your home, office, etc. ... again if this is the goal then you are on point but if the goal is to also partake in ALL of the other benefits of RE then you should understand that and not be surprised that it’s not a ‘stellar’ investment that checks all the boxes.
Craig Parsons
Hot mess with a renter/squater how to get hew out ASAP
8 January 2025 | 20 replies
If she refuses, then you have to go legal....actually I would get an attorney even if she accepts cash for keys...have a binding agreement drawn up to make sure she can't return.I was curious so I just looked this up, and you have what is called an 'At Will Tenant'.
Fareen E.
Refusing a Tenant Prospect Before Showing/Application
13 January 2025 | 31 replies
That is entirely acceptable.