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9 December 2024 | 20 replies
Meanwhile many of these repairs are fixed cost whether its a $100K house in the C/D neighborhood of a respective market compared to the $500K in the same market.
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30 November 2024 | 1 reply
Engage respectfully, acknowledge challenges, and collaborate with community members to find equitable solutions, presenting landlords as partners in neighborhood growth rather than adversaries.
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3 December 2024 | 14 replies
My goal is to scale up over the next few years and add another 10-20 doors.I ran across someone that is saying they are building quadplexes in the same town in Texas as my current rentals there, so I have some support system there.High level this is the idea on the deal:4 units constructed as 2 duplexes on one parcel.1250sqf 3/2/1 units$650k sale price, CME is $820k according to builder, will have a independent CME done if/as I move forward.Rent per unit is $1750 based on the other quad in the developmentBest guess at this point is about $16k/year cash flow at a 9.5% cap rate.Builder is a sister company of a established company in a related industry that has done "some" builds before but not a lot.
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3 December 2024 | 18 replies
They offer potential without the heavy competition of more established markets.
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1 December 2024 | 1 reply
I do not use Rent Ready, but I know that it is a perk of my pro membership here and I am considering setting it up to help my tenant establish credit.
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6 December 2024 | 25 replies
I often do this when I'm trying to connect with someone on LinkedIn: I try to find out if we have any mutual connections and lead with that in my message to establish some rapport.
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5 December 2024 | 13 replies
This can be used to eliminate most gains of a long hold highly appreciated rental asset through 1031 + primary resident conversion to establish a more favorable ratio.
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2 December 2024 | 5 replies
The operator in the market I chose ( Memphis) A Cpa I knew from BP and one of the most respected syndicators on BP who could help with raising funds.
2 December 2024 | 1 reply
Both careers would see a sharp short term income loss, but once i'm established the money i'll make ought to be comprable to my next year income.
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1 December 2024 | 7 replies
The kindness and humor of the responses is comforting in a field where there is very little down time (currently as I get it established) and you all "get it".