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29 March 2024 | 6 replies
Otherwise it should 10-12% (it depends but if you add the leasing fee and weight it across 36 months then it will be more accurate than the flat fee)I'm not seeing 100-150$ per month for maintenance and I'm not seeing any similar amounts for capex reserve.Don't pay for utilities unless you have to for some reason.PP: 241kClosing costs: 3% is ~7.25k1-month vacancy: 1.8kLeasing fee: 1.8kImprovements: 5kAre you all-in for around 257k?
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1 April 2024 | 60 replies
I do both real estate and stocks but my portfolio is heavily weighted towards real estate.
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28 March 2024 | 0 replies
The weight of my failures bore heavily upon me, casting a shadow over every aspect of my life.In the midst of my darkest moments, when it felt like I was drowning in despair, I found myself at a crossroads, teetering on the brink of surrender.
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25 March 2024 | 3 replies
There's a lot of movement by a handful of Federal regulating bodies that are pushing to provide honesty and transparency up front for consumers.
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25 March 2024 | 7 replies
For many who might not necessarily be "looking" for more work they might not be investing in any kind of marketing and word of mouth is going to be the best way to find them.But 100% agree with @Corby Goade on this one, treat them like kings and queens because they are DEFINITELY worth their weight in gold.
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24 March 2024 | 19 replies
Hi Alex,Thanks for the mention.Unfortunately, investors sometimes expect providers to subsidize all loss of income incurred on a property which isn't feasible.We do our best to minimize costs and in many instances "eat a cost" that we shouldn't.Can't control "acts of God" or the weather/other people lolAs we all should know, there are ups and down's with real estate investing.Business is easy and people make it difficult as the saying goes.Our PM never just throws "a body" into a property just to call it "tenanted"Why?
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24 March 2024 | 12 replies
Largely to avoid the PM from throwing the first warm body in that fills out an app and you're stuff with a bozo.
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23 March 2024 | 4 replies
With that said, a good PM is worth their weight in gold.
24 March 2024 | 25 replies
Don't know your area, but yes, a good agent is worth their weight in gold and can get you substantially more for your property.
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22 March 2024 | 10 replies
Cash offer do carry weight as they can close quicker, don't need appraisals etc, but as an agent that works with buyer and sellers, I've seen it many times where a seller will pick a different offer due to some connection to the buyer (ex military, young married couple just starting etc) They want to know its NOT going to an investor specifically.