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8 July 2024 | 3 replies
Keep in mind this property is relatively turnkey with most capital improvements completed within the past 5-7 yearsIn the middle of the month of May, I get a call from my tenants saying that their electricity got cut out and the oven and air conditioner don't work.
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12 July 2024 | 48 replies
@William Hochstedler were I saw this model fail miserably for LA based investors was even though they are full doc.. the cash reserves that are there at the beginning.. investors get this irrational sense of security that their rents are going to come in like clock work that the homes are going to stay rented that their home will be taken care of like they would.. and the reserves end up getting spent on other things in their lives.. thereby wildling down their reserves.YOu have a bad run... you need 5k to fix up and re rent... house is vacant for 3 month during the process... and if you don't have the funds your PM is noting going to front it for you.. and down the tube you go. that's what I witnessed.. these were not speculators these were people that thought their 100 to 200 a month positive were a given and could never change.. and they were woefully under capitalized.
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11 July 2024 | 17 replies
We invested in Indianapolis, using a (recommended) licensed broker for the whole project, who ended up being full of hot air - which we only learned too late….
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9 July 2024 | 1 reply
I’m active duty Air Force, Texas real estate agent, and investor with three homes purchased with a VA loan.I wish you all the best in your investing journey!
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10 July 2024 | 7 replies
I'm active duty Air Force, a local real estate agent, and a third-generation real estate investor.Maybe we can jump on a call with your husband or meet up to discuss your situation in greater detail.I wish you all the best.
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9 July 2024 | 4 replies
HUGE ski country/ Air B&B/ vaca rental opportunity. the daughter, whom i spoke to, said that they owe the majority of the mortgage...however its an FHA loan.
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10 July 2024 | 11 replies
Florida where there are tons of less-than-honorable types, this has been a breath of fresh air.
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12 July 2024 | 155 replies
Ive done research on real estate and looking to invest in houses but I think air bnb is the way to go first to get more capital.
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9 July 2024 | 5 replies
San Antonio is an rich vibrant city full of affordable housing, tourist attractions (Alamo, riverwalk, sixflags, white water and more), military bases (Fort Sam Houston, Lackland Air Force Base, and Randolph Air Force Base) and surrounded by great suburbs (Stone Oak, Alamo Ranch, and the Dominion).San Antonio reclaimed its spot as the nation's fastest-growing city in 2023.
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9 July 2024 | 6 replies
Area is not a high end area by any means, all units don’t have laundry as well as no centralized air.