Mike Johnson
What to expect in Property Management
16 December 2024 | 9 replies
Your biggest problems here are going to be how to properly qualify someone, what to do if someone stops paying, footing the bill if you have a big repair item, finding quality and reasonable vendors/contractors to fix things, and keeping track of payments.If this isn't you, give me some more context of where you're at and I can give some better insights.
Vince Nguyen
House hacking with a primary home
13 December 2024 | 11 replies
If you work with the same lender that may speed up the process but expect a typical 30+ day closing.
Ke Nan Wang
6 Bedroom 5 Bath Multi Generation Co-living New Construction Investment Project
15 December 2024 | 2 replies
Strategic Purchase: Acquired a discounted double lot below market value with a $17k impact fee credit.Custom Design: Built a 6-bed, 5-bath home tailored for co-living or multi-gen use, maximizing tenant appeal.Efficient Management: Managed construction, and self-managed operations to minimize costs.Premium Marketing: Furnished the property and used multiple platforms to attract quality tenants quickly, achieving full occupancy.What was the outcome?
Blake Grzybowski
Can't find Pre-Foreclosure Properties
15 December 2024 | 8 replies
Often that software will speed things up like crazy for you...might give you the equity number so you're only going after properties with X amount of equity.
Eli Edwards
Newbie to Fix and Flip
15 December 2024 | 4 replies
High-quality listing photos are essential, so hire a professional photographer.
Rae Chris
Advise on first flip, loans, contractors
18 December 2024 | 7 replies
Then, obtain quotes from at least three actual contractors. ( insurance and all that depending on the work)You'll likely encounter three types of contractors:The Super Expensive Guy: Highly skilled but often in high demand, resulting in premium pricing.The Average Guy: Offers good quality work at a reasonable price.
Mackay Oakey
What are your Real Estate Investing goals in 2025?
27 December 2024 | 22 replies
I'm not very familiar with these markets but I've found Columbus has great tenant quality on average, less property crime, and great appreciation potential.Any market can offer killer cash flow with those lower purchase prices, but in my experience, you're more likely to run into challenging tenant situations and higher maintenance costs that eat into those returns.
Wendy Abraham
Hard money lenders who have you used?
11 December 2024 | 12 replies
Depends on really what you are looking for:-Speed - some HMLS can go "no appraisal" so can close very quickly and beat cash offers if you are in a competitive market to buy-Interest Rates - can range anywhere from around 8% to 13% (same with "points") but not usually as huge of a concern for flippers since the terms are so short-Leverage - depending on your risk appetite / capital - this is also a top concern for some (almost always over and above rates/fees) can see anywhere from around 80% LTC to even mid 90s LTC (including 100% of rehab budget)
Kyle Luman
Cash flow vs equity discussion in recent Podcast
13 December 2024 | 13 replies
If you're talking Commercial property then the higher your Net Operating Income goes and the leases or quality or renters you have, the higher your value goes.
Alex Silang
Raising rent again only a month after?
16 December 2024 | 14 replies
When you have high quality tenants you want to keep a balance between appropriate rental increases and tenant satisfaction.