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24 December 2024 | 14 replies
The LLC would essentially serve as a business checking account to collect rental payments from your roommates/tenants and potential write-offs for expenses such as property repairs/maintenance.
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4 January 2025 | 26 replies
The penny pinching and essentially slum lording of STR's at least in my experience is over.
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26 December 2024 | 13 replies
A good GC is essential, especially for remote projects.
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2 January 2025 | 36 replies
Having a team in place is essential to long-distance investing.
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22 December 2024 | 5 replies
You may not like their current deals/offerings, but I would call each of them and let them know what you are looking for - essentially your "buy box."
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28 December 2024 | 16 replies
The judge is not providing justice to you; he's coaching the tenant, who is clearly violating the contract and essentially stealing from you.
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3 January 2025 | 26 replies
When 99% of transactions have commissions above 2%, it's essentially a fixed rate, not a truly negotiable one.I respectfully disagree with the concern about "buyers that don't have money to pay a commission to buyer agents."
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3 January 2025 | 42 replies
Ive asked about getting essentially T-12 type info on the assets, but that hasnt been provided thus far.
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31 December 2024 | 32 replies
When it comes to turnkey investments you are paying for convenience essentially you are approaching it like a stock or paper asset when it is very much not... meaning that at some point it needs to be actively managed and evaluated and etc., etc., 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.
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22 December 2024 | 1 reply
In real estate, mentorship and support aren’t luxuries; they’re essentials.