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5 December 2024 | 25 replies
From signing the initial agreement to finalizing the project, they maintained a high level of professionalism and kept me informed with regular updates.The deal was backed by a Joint Venture Agreement and Promissory Note, and they delivered the expected returns on schedule, with no issues along the way.If you’re considering partnering with 51 West Properties, they’ve proven to be reliable and trustworthy.
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30 November 2024 | 9 replies
Apparently they handle all property repairs and maintenance independently and have maintained a perfect payment history, even throughout the pandemic.Lease Option Agreement:Effective Date: November 1, 2022Terms:Purchase Price: $165,000Non-Refundable Down Payment: $10,000Lease Term: 3 years (ends October 31, 2025)Final Payment: $158,000 balance due upon term completionMonthly Payment: $1,150 (no rent credits)I didn't see this to be a deal because if in a the best case scenario my $25000 would walk away with 2400 which is about a 9% ROI.
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3 December 2024 | 10 replies
It recommends charging $1,000/month plus utilities, maintaining the property, and drafting a written agreement.
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2 December 2024 | 11 replies
Where can I find more info on getting certified and maintaining a qualified opportunity fund?
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2 December 2024 | 8 replies
How much time do you think it will take to manage and maintain those 40 rentals?
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2 December 2024 | 34 replies
From what I've seen and the reviews, it's fairly easy to find these deals and works in remote markets, as you're not maintaining the properties.
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2 December 2024 | 5 replies
Maintain an emergency fund5.
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6 December 2024 | 27 replies
Given your experience managing 138 doors, you already have a significant advantage in understanding tenant needs, property maintenance, and financial planning.Key tips:Focus on personal finances: Keep building excellent credit and maintaining healthy reserves.Financing: Explore loan options like conventional, or DSCR loans to maximize your purchasing power.Location: Research neighborhoods with strong Section 8 demand and landlord-friendly regulations.Due diligence: Analyze properties carefully, factoring in rehab costs, property management, and cash flow potential.Your expertise and willingness to learn put you in a strong position—best of luck!
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3 December 2024 | 29 replies
So out completely. and have to restart everything- Over 100 employees have gone thru this company is less than 2 years - wow- Management Doesn't really want input / just do as I tell you- Very low pay for the crap that you have to put up with- Can't believe that they are allowed to continue there hiring / firing practices - You should hire to maintain for a length of time.
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17 December 2024 | 86 replies
If your place is very well maintained you may be able to achieve higher than average returns.