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Results (10,000+)
Account Closed Looking to develop Multi-Family in South Florida (East)
22 November 2024 | 4 replies
It’s crucial to stay disciplined here, as overspending on land can limit the funds available for construction and other expenses.Development Scale: I’d recommend avoiding developments in the range of 4-50 units unless you have a very specific reason.
Nina Ning An applicant with credit score of 770 but no proof of past rent payments
27 November 2024 | 8 replies
I do think that great credit score doesn't equal to on time rent payments.
Kristin Boekhoff Practical Questions for Small Multifamily
25 November 2024 | 8 replies
However, if you ever manage properties in colder climates, it's crucial to have a snow removal plan in place.
Josie Sandoval Realtor commission for rentals- Texas
25 November 2024 | 11 replies
If they are VERY professional, they will have their processes in writing as verification that policies are enforced equally and fairly by their entire staff.6.
Julio Gonzalez Smart Strategies for Selling Your Investment Property
25 November 2024 | 0 replies
Donate the Property: Donating the property to a qualified charitable organization can provide you with a charitable deduction equal to the property’s fair market value and eliminate capital gains taxes.Implementing these strategies requires careful planning and consideration of your specific financial situation.
Sarah Moore Crazy Idea to get started. What do you think?
24 November 2024 | 19 replies
This can lead to more opportunities and partnerships.Market Understanding: As a property manager, you'll gain a deeper understanding of the local market, which can be invaluable when you start acquiring your own properties.Steady Income Stream: Property management can provide a consistent income, which can be particularly beneficial in the early stages of your real estate venture.Skill Development: You'll develop a range of skills from customer service to maintenance oversight, which are crucial for successful property ownership.Brand Recognition: Establishing a presence as a reliable property management company can boost your reputation, making it easier to attract tenants and investors when you start acquiring properties.Cons:Time Commitment: Property management can be time-consuming, especially if you're dealing with multiple properties or demanding clients.Regulatory Compliance: Staying compliant with local laws and regulations requires diligence and can be complex.Conflict Resolution: Dealing with tenant issues and conflicts is an inevitable part of property management and can sometimes be challenging.Financial Risk: There are financial risks involved, including late payments or damage to properties.Market Fluctuations: The property market can be unpredictable, affecting both rental income and property values.Overall, starting with a property management company can be a smart way to enter the real estate space, especially in an area with a clear need for such services.
James Harryton New Rental advice
25 November 2024 | 6 replies
Do you have any of these that can justify the price so prospective tenants can see that the net cost is equal
Anthony Maffesoli Co-ownership Payment Sorting
21 November 2024 | 1 reply
Keep tracking equity contributions, as this will be crucial when transitioning property B into a rental or selling your share.
Collin Schwartz Trading W-2 for Self Management- 0-92 Units in 16 months!
1 December 2024 | 377 replies
At minimum 100 more as I have realized that the more units equals more capitol...which equals ability to outsource.... which equals kinda/sorta not really passive income!
Jerry Shen Buying RE with Bitcoin
9 December 2024 | 166 replies
So, unless the Seller is equally inclined to speculate (including the idea of accepting that same 20% deposit using say, a specific sized bar of gold at today's price), it's no surprise that most Sellers still like "stable currency", right?