30 October 2024 | 94 replies
If you have the skills and get the experience, you can get the funding.
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30 October 2024 | 35 replies
@William Coet it’s a different business model altogether.I love highly desirable areas that attract highly skilled high income college educated workforces.They tend to be more liberal and therefore the landlord tenant laws.The percent of their income that goes to rent is typically much less than 20% so a rental increase of 5-10% is nothing to them.They are typically lower cap rate areas and therefore every dollar of net operating income that is earned is explosive to the underlying asset value.
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30 October 2024 | 12 replies
From an outside viewer, I would be nervous to work with either one of you, since you are fast to go public with any grievance and the realtor has poor communication skills and has no problem blaming external circumstances for lack of a simple courtesy call.
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25 October 2024 | 10 replies
By resources I would be saying capital, contacts, soft skills, credibility, all of the things that help grow your business and start building a positive reputation.
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25 October 2024 | 7 replies
I’m looking to learn from someone with some experience or knowledge, and I can use my skills and knowledge to help out for a win - win situation.
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25 October 2024 | 1 reply
You can find deals but they often need a lot of repairs/renovations, and depending on your skill and/or team, it might make these viable options or properties you want to avoid.
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28 October 2024 | 46 replies
Honestly, I would sell it now while there are still an endless supply of foolish newbie investors out there that have the capital to throw around $2M with no underwriting skills and assume they'll cashflow based on bad advice from realtors and youtubers.Eventually once everyone starts wisening up to these investment-only properties being a negative investment, prices will start falling and you might lose that equity.
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23 October 2024 | 0 replies
Sometimes it is easier to split the profits and JV with someone if they can bring a valuable skill set to the table.
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25 October 2024 | 8 replies
Sounds like you have some skills in that space.
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29 October 2024 | 131 replies
Additionally, strong financial acumen and negotiation skills are crucial.