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11 January 2025 | 14 replies
I manage my own properties as do my clients; with the electronic resources for screening, rent collection, more - the ROI is greatly improved and you retain control of the property.Hope this helps.
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26 January 2025 | 43 replies
Again while they may legally be bound to an agreement, you are going to have to go through the court system to get them to abide by it, and that is not going to be easy or cheap.I see your point.
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6 January 2025 | 11 replies
If you have checkbook control you’ll have a bank account with a bank that has FDIC insurance up to $250k per account.
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9 January 2025 | 15 replies
Pricing tools that exist on the market are decent, but you also need to know how to control it, otherwise, it will go nuts with unrealistic rates far out and extreme last-minute discounts.
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15 January 2025 | 34 replies
@Izraul Hidashi I’m not claiming to know how the entire banking system works but I feel that I have a pretty good idea.
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22 January 2025 | 12 replies
With proper tenant screening and systems in place you can absolutely be a successful landlord.
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9 January 2025 | 4 replies
Here are a couple of ways you could structure the deal:Lease Option with Seller Financing: You could lease the property with an option to buy later, allowing you to rehab it while giving the sellers time to find a 1031 replacement property.Seller Financing with Deferred Payment: Structure the seller financing with no immediate payments, allowing you to refinance once the property is appraised, and the sellers can complete the 1031 exchange when ready.Escrow Holdback: Transfer the deed into an escrow account, giving you control without immediate transfer, so the sellers can take their time with the 1031.Third-Party Facilitation: Use a qualified intermediary to hold funds and facilitate the 1031 exchange while you refinance.These options allow flexibility for both you and the sellers.
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6 January 2025 | 3 replies
We can't wait to see these set up.Looks like a fantastic system.
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6 January 2025 | 4 replies
The lessons you learned the hard way in 2008 will be invaluable now, and it’s great that you’re aiming to stay small-scale and within your comfort zone of Sacramento, which gives you an advantage of knowledge in that market.Given your experience, I'd say start by focusing on three key areas to build confidence and minimize risks:Budget Control: Over-renovating was one of the big mistakes you mentioned.
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9 January 2025 | 9 replies
See what other controls they offer.