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3 January 2025 | 7 replies
We paid $1.775 million for the notes, worked out a modification with the borrower, and received the first 5 monthly payments relatively on time.
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8 January 2025 | 11 replies
Organizational Delays: Section 8 offices are often overworked and understaffed, leading to slow processing times for new tenants, delayed rent increase approvals, and poor responsiveness.Benefits of Section 8:1.Long-Term Tenants: When you get a good tenant, they usually stay for a long time because of the tedious process required to qualify for Section 8 housing.2.Consistent Income: If Section 8 covers most or all of the rent, you typically receive reliable monthly payments, reducing the risk of non-payment (as long as there isn’t a large tenant portion).3.Lower Barrier to Entry: Because properties in these areas are often more affordable, it’s a good way for new investors to break into real estate without needing a large amount of capital.Overall, I’ve seen the good and the bad of this strategy.
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1 January 2025 | 32 replies
Originally posted by @Mark Whittlesey: I would get a UPS Store (or similar) box instead of a PO Box.It costs more but is much more flexible (is an actual physical address, can receive UPS and FedEx etc.)I had a PO Box for a while and got rid of it for exactly those reasons.
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4 January 2025 | 5 replies
It may not be a bad idea to also be added to a MLS search to receive any new build listings.
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9 January 2025 | 18 replies
In a seller's market be sure to see if other offers have been received before making the offer.
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8 January 2025 | 38 replies
I haven't received that yet.Well I guess irregardless of the unit being heated by electric or gas you still need to make sure the electric bill is being paid.
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2 January 2025 | 4 replies
Do I receive video of my pre and post make ready?
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3 January 2025 | 6 replies
Check to see how many contacts a listing has received in X amount of days to see if it is competitively priced.
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31 December 2024 | 3 replies
I thought it might be helpful to address some of the most frequently asked questions that I receive.
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2 January 2025 | 32 replies
I've used to it myself to analyze all of the 35 units I bought over the last few years and personally talked to 100's of other investors who've analyzed and closed on great deals using it.I'd love for you to actually try it and would be happy to receive and incorporate any feedback you have into future releases.