Emily Gowen
When to sell vs hold rental properties that have appreciated?
25 January 2025 | 13 replies
There are also ways to go about mindset shifts if that's a serious issue, but I don't know, it sounds like you've spent time with this property, you know all about it, and you have a bunch of other stuff going on in life.For instance, you decide not to raise rent all the way to market rate....This is probably a good move if you hate maintenance calls and your tenants know to handle some maintenance themselves because they are getting a bargain deal.
Julian Zamora
How do I pass the NMLS SAFE Mortgage Loan Originator Test?
10 January 2025 | 7 replies
If you can find practice tests, that is my recommendation - that is what I did after taking the required time component and did not have any issues passing the test.
Rene Hosman
How much time do you spend prepping for taxes?
14 January 2025 | 28 replies
I've asked my clients a similar question and have developed tools for them to minimize this, but I find there are a few different types of clients.Manager managed - these folks have no issues as they simply upload their year end statement from their property manager, their 1098 mortgage statement and any other one-off expenses they may have paid for outside of the management company.
Eric Robertson
Investor friendly insurance company
11 January 2025 | 4 replies
I'm an independent agent here in AR and I write a lot of rental property, with ~6 preferred markets and if the properties have some issues, age, claim history etc.
Alan Mills
Seeking Strategies to scale up
21 January 2025 | 5 replies
This keeps them motivated.Clear Contracts: Make sure your contracts have deadlines and penalties for delays.Regular Check-Ins: Visit the site often to catch issues early and keep things on track.Scaling UpMultiple Contractors: Work with more than one contractor to avoid delays.
Brandon Vukelich
3-unit STR/MTR $107k NOI on $187k REV
29 January 2025 | 12 replies
Yes the lack of identical apples-to-apples comps has been an issue in the area for years.
Chris Ke
200k down payment available and I can benefit from tax deductions
14 January 2025 | 5 replies
There are two types of return from a rental propertyCash Flow & Appreciation.I normally also aim for a minimum of 8% return between Cash-Flow and Appreciation.Appreication, nationally, is around 2% to 3% annually.Therefore, your goal is to get the cash-flow to be about 5% to 6%.The issue is interest rates being very high, you would therefore, need to buy at a pricepoint where the numbers still make sense.You can always put down more of a downpayment to cash flow, but that will impact your cash on cash return calculations.Best of luck!
Ken M.
Pro Tip on Subject To - Subto
17 January 2025 | 4 replies
So as long as I paid no issues.. and most of those I sold on wraps. when i started buying homes via sub to I did over 100 of them..
Paul Stewart
Debunking the Easy Money Myth
24 January 2025 | 4 replies
I even try to unsell them on the business by sharing my financial losses, litigation, market shifts, permit purgatory, shady contractors, clouded title issues, paranormal activity, squatters, mold, etc.
Brian Stinson
Insurance deductibles for SFR
6 January 2025 | 5 replies
This issue also naturally drives up deductibles.