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Results (10,000+)
Tanya Maslach Creating an LLC: state where properties are located
29 November 2024 | 12 replies
Unless you are getting a bank loan and are willing to accept higher interest rates and balloon payoffs, buying within an LLC is not a clear-cut decision.An LLC can be created very quickly and should costs under $1K, but you need to know there will be costs and time to maintain that LLC every year.  
Tyler Jahnke Morris Invest Case Study 2.0
30 December 2024 | 819 replies
I want to answer so it benefits this Thread.first most of what Morris is selling is D class not C class its bottom of the barrel hood rat properties.SEcond that tenant class .. is renting for the cheapest rent in the US ..these folks are a flat tire away from not paying rent.when you rent for 600 .. its common to put them into the unit with only 2X the rent If they even check qualification and from what I am hearing in feedback they don't do that PM is weak at best.so here you are your making 1,200 a month and have 600 rent.. that leaves 150 a week to live on.so do the math .. very difficult for these folks to maintain   continuity to their life.. and lets say they get in with 3X rent.. that's 1,800  a month minus taxs say 1,500 car utls food etc.. you can see what tight wire they are at.Take  B or A class renter at 3X rent... rents 1,200  3X verifiable is 3600 a month ... leave 2,400 a month to live on .. not 600 or not 900...
Tyler Gilpin Can I section 8 trailers?
26 November 2024 | 4 replies
A few things to keep in mind:Section 8 requires the property to pass an inspection based on HUD’s Housing Quality Standards (basically making sure it’s safe and well-maintained).The rent you charge has to align with Fair Market Rents (FMRs) in your area, so it’s good to check what similar properties are renting for.You’ll still be responsible for maintaining the property, but the upside is that a chunk of the rent is guaranteed by the government, which can provide steady income.Check with the local housing authority about any specifics for your area—every jurisdiction does things a little differently.This could be a great niche if you can find a good deal on the land and make sure your expenses (like maintenance, insurance, and occasional vacancies) are covered by the rental income.
Kareem Daniels New Member Introduction
27 November 2024 | 7 replies
This reduces vacancy risk and helps maintain cash flow while you learn the ropes of being a landlord.
Jonathan Chan Things to look for when vetting your potential borrower
26 November 2024 | 2 replies
Working with vetted, trustworthy borrowers and maintaining a robust vetting process will help ensure your capital works as hard as you do!
Paula Impala Norada Capital Management suspending payments
31 December 2024 | 418 replies
Once we have a better idea of our business holdings' future distributions and possible liquidation events, it will be easier to provide a timeline for the redemption of your shares.What are the strategic steps being taken to maintain solvency and stay in business?
Thomas Azoury Convert garage w tenants
2 December 2024 | 17 replies
This attracts a higher-quality renter, ensures funds are available to maintain the home, and reduces the risk of major losses.
Jessie MacDonald Mold problem with tenants
27 November 2024 | 4 replies
A minimum temperature of 55 oF must be maintained inside your Rental Unit at all times; damage to the Premises resulting from you not doing so is your sole responsibility.19.
Mike Most Applications with Eviction on record
26 November 2024 | 7 replies
The flexibility and context are often key to maintaining occupancy, while still minimizing your risk.
Matt Wan How important is it for a first property to be easy for me to get to?
1 December 2024 | 21 replies
I’d say investors that choose better locations and better properties within those locations will have a much better chance of success as the big risks will be minimized (by better properties I mean with less deferred maintenance, not necessarily newer but newer can sometimes reduce operating expenses, or older with “good bones” that are well maintained, especially if you’re needing to outsource any work and manage it remotely).