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27 January 2025 | 21 replies
I managed a low end apartment block for several years.
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13 January 2025 | 11 replies
Albeit a part time one.
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7 January 2025 | 20 replies
All in all, I'd like to worm my way into the REI space and preemptively thank everyone who has taken the time to read my long introduction and offers their advice.Thank you,JohnTo keyword farm: rehabbing, fix and flip, house flipping, BRRRR, multi-family, apartment, long-term rentals Holla
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9 January 2025 | 8 replies
I also advertise before someone moves out to get a new tenant before the current one leaves. 100% occupancy on a LTR is very common for me.No idea on a MTR.100% occupancy sounds great, but for a bigger portfolio or apartment complex, it usually means you're leaving money on the table.Here’s an extreme example: I could rent out 100 units at $500 a month and make $50,000.
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11 January 2025 | 19 replies
The way that I have done this in Costa Rica has been to bring in several partners on a high end luxury property who would like to own a part of a property that they can use and enjoy but that they don’t have to manage by themselves.Each of the properties that I own are at a million or higher or will be soon.
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6 January 2025 | 1 reply
So here's the question, How can I legally evict a tenant who hasn't seemed to do anything wrong except created a landfill in their apartment.
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26 January 2025 | 24 replies
It is done without prejudice and is simply a parting of the ways (eg tenant wants to move to another place, landlord wants to sell the property).
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21 January 2025 | 59 replies
$120,000/0.06 equals $2,000,000.So in my mind the target should NOT be cash flow but rather building net worth.Despite what the gurus say, sufficient cash flow to be financially free can only come once one has sufficient capital to invest.Let’s be clear I only buy apartment propeties that cash flow but immediate cash flow to put spendable dollars in my pocket is NOT the primary goal.
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6 January 2025 | 5 replies
I am also surprised that a couple could have credit scores 100 points apart.
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3 January 2025 | 7 replies
In the “old” days, people would have the seller pay the lender so as to not “alert” the lender that a property sale had taken place, so that the lender def wouldn’t trigger the so called “due on sale” that’s a part of almost every mortgage or deed of trust document.