John Williams
Maximizing Returns on Your Rental Property
10 January 2025 | 5 replies
Some companies allow property owners to select tenants and set the screening criteria...We do not - our criteria does not bend.
Matt Royle
STR on a L1B Visa
7 January 2025 | 3 replies
Does anyone have experience of setting up a STR while in the same position?
Clint Miller
Where Do You Find the Funds for the Down Payment?
26 January 2025 | 15 replies
Here are a few strategies to consider for funding a down payment:Partnering: Like Gregory mentioned, finding a partner who can contribute to the down payment in exchange for equity or a profit share is a solid option.HELOC or Cash-Out Refi: If you have equity in your home or another property, a home equity line of credit (HELOC) or cash-out refinance can provide the funds you need.Private Money: Reach out to friends, family, or private investors who may be interested in lending you the down payment with a promissory note.Seller Second: In some cases, the seller might agree to finance a portion of the down payment as a second mortgage.Live Frugally and Save: It takes time, but reducing expenses and setting aside funds from your income is a tried-and-true method.The right approach depends on your situation and deal structure, but a mix of creativity and resourcefulness can go a long way.
Nate Pharmer-Eden
New Year, New Goals!
9 January 2025 | 3 replies
I am genuinely curious to know what some of the goals are you have set for yourself this year?
Jemini Leckie
Out of State Cash Flow
29 January 2025 | 11 replies
If you consider Pittsburgh in the future I'm happy to talk about the market and help you get set up.
Stephanie Menard
Expensive lesson by leaving one clause out of rental agreement
19 January 2025 | 41 replies
It is also possible that either the folks in charge of the station, or the prosecutor have set a policy of not wanting to pursue non violent crimes, or even not paying attention to crimes against folks who are not local residents.
Brice Alef-Torrisi
Managing finances between multiple properties
14 January 2025 | 7 replies
Now, if you've already set up LLCs per property, then yes, have at least 1 checking account per LLC.For people who own their properties personally, keep personal accounts that are exclusive to RE activities so all of that activity stays separate from other personal transactions.
Mark S.
preREO - First Mortgage Secured by Vacant Property
24 January 2025 | 42 replies
Thus, when a foreclosure sale is held, you can set the bid amount up to the amount of the total debt, which would likely increase from 80K to include the legal fees, receivership costs(we suggest 5 - 10% of the rents collected), repair costs, additional accrued interest, minus rents collected.
Tina Artigliere
Quest Trust Suddenly Closed down Administration on their Solo 401K Plans
17 January 2025 | 24 replies
Just setting some context here.
Joe S.
Is promoting buying rentals due to a conflict of interest?
3 February 2025 | 31 replies
Real estate is not a get rich quick scheme or something I would quit my day job for unless you are set up for it.