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18 January 2025 | 8 replies
They can just be too hard to lease.On the other hand, if the area is doing well economically and its occupancy is currently strong (I certainly want a vacant or near vacant property) I think it's worth considering at least.
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13 February 2025 | 95 replies
There is an inherent difference between people who expect, and people who appreciate.On the flip side, there are only so many hours in a day, and when someone constantly asking for advice becomes so time consuming that it takes away from my own business activities, then I think it's quite reasonable to expect that I be compensated for my time.
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11 January 2025 | 2 replies
Effectively a 'Firestorm' is a dry hurricane that rains fire, with nearly indefensible circumstances, just like the catastrophic flooding, hurricanes, tornadoes and other disasters they have and will intensify in severity and rapidity.Beyond directly impacted property owners, investors, insurers and businesses, the downhill effects of the SoCal fires on the immediate and surrounding areas are astronomical and still somewhat incomprehensible.
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17 January 2025 | 10 replies
I just happen to live near a STR in Alexandria all of a sudden lol.Some of these are ridiculous, especially the one-hour fix.
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13 January 2025 | 30 replies
But because he raised rents each year, and rents were increasing by ridiculous rates, tenants constantly moved, had to sell the property at a loss several years later due to constant vacancies.Finally, the most interesting situation I ran across was a tenant, a 93 year old tenant paying rent on a 2BR apartment for $90/month.
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29 January 2025 | 23 replies
@Edreco AmosMiami’s market can be tricky for cash flow since condo fees and insurance costs can eat into your profits, especially with newer buildings or those near the water.
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3 January 2025 | 40 replies
The effect of this process is that the portfolio is constantly improving by retaining the best properties and jetison the under performers.I've bought and sold over 1,000 properties, and people always ask me "How many doors?"
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12 January 2025 | 2 replies
Beyond that, real estate is largely local; in my market we are not seeing anywhere near those numbers.
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14 January 2025 | 2 replies
You jumped in at a $515k purchase and poured in close to a million in cash, then brought it all the way up to a nearly $1.85M sale.
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30 January 2025 | 56 replies
Here’s why:Affordability: You can find solid properties here well within your $200k–$300k budget.Cash Flow Potential: Indianapolis has a growing population, a diverse economy, and relatively low property taxes compared to some other midwestern markets like Cleveland.Investor-Friendly: Indy is landlord-friendly with strong rental demand, especially in neighborhoods near downtown, universities, and revitalized areas like Fountain Square or Irvington.If you’re open to a strategy involving light renovations, there are plenty of opportunities to add equity and boost rental income here.