Teekap Pate
Tenant applicant - Prior eviction, decent HH income
13 December 2024 | 7 replies
That is not a benefit for you, nor any kind of evidence that they are worthy of becoming a resident.That issue aside, I would not allow someone with a recent eviction on my property unless the "unfortunate circumstance" was unlikely to recur AND they otherwise have a strong historical track record of making payments AND they would put down a very large security deposit.
Vivian Yip
Mid Term Rental Knowledge sharing
10 December 2024 | 10 replies
There's really not a cost-effective solution for utility monitoring for SFR, other than Nest.WhatsApp for business communications is lmited - how do you scale and hire someone to handle, while being able to track what they do?
Travis Boyd
Should I wait to form my LLC until after my first purchase
14 December 2024 | 6 replies
They can guide you on tax advantages, asset protection, and multi-state strategies.A HELOC is a smart way to leverage your equity—ensure your financing structure aligns with your long-term goals.Since you plan to add multiple properties annually, consider setting up bookkeeping and financial tracking systems early to streamline your operations.Best of luck with your BRRRR journey—it sounds like you’re off to a strong start!
Todd Knudson
Fix and Flip
3 December 2024 | 0 replies
With fresh paint throughout inside and out, brand-new roof, dual HVAC systems, updated water heater, stainless steel appliances, lighting fixtures, outlets, countertops, and PEX plumbing just to name a few.
Nadia Jones
Do Term Sheets or Commitment Letters Show Financial Credibility to Brokers/Agents?
13 December 2024 | 4 replies
A loan commitment letter carries more weight as it confirms lender approval, signaling a stronger ability to close.Addressing Closing Concerns: A commitment letter meaningfully reduces concerns, especially when paired with proof of equity and a track record of performance, even if on smaller deals.What Brokers Look For: Key factors are a reputable lender, clear terms in the commitment, and evidence of funds for equity and reserves.
Xavien Rafael
How to Build Business Credit Without Impacting Your Personal Score
13 December 2024 | 2 replies
Be consistent with payments and work with vendors that report to bureaus.Personal Guarantees: Many lenders require a personal guarantee until your business has a solid track record.
Heather McNicol
BNB Investor Academy - Reviews?
31 December 2024 | 76 replies
Time is also valuable, so it could be worth it to find someone who can fast track you.
Andreas Mueller
Why Should the Fed Cut Rates at All?
17 December 2024 | 0 replies
According to the National Association of Home Builders (NAHB), average hourly wages for residential construction workers rose 10.8% between August 2023 and August 2024, the largest YoY jump since the BLS started tracking the data.
Alexandre Boustany
Digitizing a Small Real Estate Business
12 December 2024 | 2 replies
Real-Time Collaboration and CommunicationHave a tool for teams to collaborate on various subjects (designs, plans, and reports) in real time, with integrated email / chat to track history.3.
Harris Lee
Doorvest experience journal
16 December 2024 | 12 replies
., If there are any issues with tenants or house needs maintenance, Doorvest reaches out to us by email and Doorvest also has online platform where we can keep track of all the statuses + income/expenses.