K S.
Becoming a private lender question
20 March 2024 | 12 replies
For some odd reason, emotions seem strong on this board over the terms, and many here have their private definitions.
Hector Mejia
Las Vegas vs. Bakersfield
20 March 2024 | 9 replies
Most people that will chime in to pick one area over another either are personally, emotionally, or finiancially tied to one of the two markets.
Erick Ayapana
Lease Agreement Scared Away Airbnb Prospect
19 March 2024 | 9 replies
I would not weaken my protection to attract a marginal guest.
Mark Heidenberg
First lawsuit, any advice?
19 March 2024 | 17 replies
Seems like his case is weakened by the fact that he's (allegedly) gets hurt and then waits for months to sue?
Joe Nguyen
Forming LLCs for properties in different states?
19 March 2024 | 6 replies
Not to mention you won't have anonymity anyway and quitclaim deeds weaken the title chain.
Walter Pineda
Self-management because turnkey property management proved disastrous.
19 March 2024 | 7 replies
Hey mate,Agreed that many PM's suck and it's very hard to find a good one.But I also believe that managing out of state is suicide.Do your best to control the emotions and to think smart in moments of despair 🙏Take the time in finding another trusted PM.Just my opinion.Much success.
Account Closed
Some of The Biggest Mistakes Investors Make in Real Estate
19 March 2024 | 6 replies
Code Chapter 47 - Fraud And False Statements, which is a very boring read, unless it applies to you.Please don’t do that.Make sure your Proof of Funds source has the funds and that you are authorized to use those funds and the source will vouch for you in court.If you are going to buy “Turnkey” it is recommended you visit the actual neighborhood and actual house before closing.Things can be very different in person.Afterwards is too late.You may not like what you seeGo with the Math, not the emotions or hopes of the futureIf you are losing money with the hopes of making it up later, you should seriously reconsider.Wishful thinking is a poor investment.Interest rates are going upAnd interest rates are going down.And interest rates are remaining the same.There is no clear direction for rates and there are arguments for going each direction – buy so that your property cash flows, even if you are wrong.Ignoring your workers.Always serve your workers pizza on the job.It keeps them on-site so they don’t wander offThey will think you actually care and will work harderYou get to become “one of the boys” and they will tell you things you need to knowHmmm, out of space, but not out of mistakes.
Alec Jacobs
Should I pay $20k over the appraisal value
21 March 2024 | 34 replies
Other than that, "like it" is an emotional issue, and has no place in REI.If you are keeping the property for decades, and it will take decades for it to be profitable, you are losing money.
Andrew Nida
Cash or Finance
18 March 2024 | 6 replies
For that reason, I wanted to pay cash to remove any emotional/financial burden so it bothers me less, If that makes sense.
Ethan Swat
Golf simulator added amenity for STR
18 March 2024 | 17 replies
Do some data-based analysis to determine if this investment makes sense as opposed to emotion driven decision making.