Imani Naomi
Good Times to Invest vs Bad Times to Invest
3 December 2024 | 3 replies
Individuals who bought real estate during a recession have seen their property values and cash flow nearly triple. #2 avoid sowing seeds of failure in the good times - Many investors fail due to investing in prosperous markets.
Shrikar A.
Built a simple chrome extension for analyzing Zillow listing (Good Deal/Bad Deal)
3 December 2024 | 6 replies
One feature that I would love is to be able to see this on the main search page so you don't even have to navigate to an individual listing.
Cole Farrell
Starting with a SFR is a mistake - prove me wrong
5 December 2024 | 6 replies
Start with your primary, rent out any spare bedrooms "house hack"Use that to practice upgrades, kitchen, bathroom, curb appeal... etcNow you have experience as a landlord and flipper, use that to buy a distressed propertyAdd 40% equity to the property through home makeover, refinance into a low cost mortgageNow you are cashflowing a healthy margin on a second property, use that to build equity over time, cashout later and buy your duplex/quad.If it's going to take you 10 years to save up a down payment for a small apartment building, yeah it makes more sense to start growing your portfolio with cheap SFR flips instead.Every market is different, every borrower is different, every property is different, it would be ill-advised to recommend anything without recognizing the individual's nuanced goals and objectives with their next acquisition.
Gretchen Williams
Subletting company a scam?
30 November 2024 | 19 replies
My friend recently told me of this scenario where the person I lease to would perhaps then double book individuals and keep deposits.
Joel R.
Am I required to issue 1099s to contractors if I only have one rental unit?
6 December 2024 | 12 replies
The type of your business or the fact that you are paying them as an individual does not take away the requirement to file 1099s."
Bridger L Logan
Any success with rent by the room?
15 December 2024 | 59 replies
Check out padpslit.com, I use the platform to rent out 8 bedrooms in my house individually
Rene Hosman
How do you do bookkeeping and financial reporting for your rentals?
4 December 2024 | 30 replies
I'm genuinely asking to understand the use case for my self for an individual investor.Re. balance, as someone who is a former CPA and has prepared financial statements for multi-billion $ funds, I understand the important of a balance sheet.
Ryan Daulton
How to find partners
5 December 2024 | 11 replies
A strong partnership is built on trust, shared values, and aligned goals, so it's not something to rush into.I recommend attending in-person networking events to meet like-minded individuals.
Allison Park
Property Management Software, Top 5 under $20
2 December 2024 | 2 replies
It's still important for each individual to test the software platforms to see which one they prefer.
Bryan Hartlen
Any recent experience with Conventus Hard Money Loans?
1 December 2024 | 2 replies
They're a conduit lender, so they require more documentation than a mortgage fund or private individual would request.