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30 December 2024 | 5 replies
We have been fortunate to rarely hold any security funds from former tenants.
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2 January 2025 | 4 replies
What do you do to ensure that the tenant is responsible for security deposit disputes since that is the largest reason for owner lawsuitsHow familiar are you with the newly changed laws that can affect you the owner if they are not used correctly?.
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3 January 2025 | 3 replies
If the agent is doing the marketing, finding the potential buyers and possibly working with other agents to help you secure a deal then I would still charge 2.5% for my listing services and 2.5% to any buyer's agent.
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13 January 2025 | 45 replies
.- The 203(k) will allow you to bid on properties that need repairs that won't qualify for a traditional mortgage => less competition => better purchase price.You will need to find a great local contractor you can trust to supply the required bids to qualify for the 203(k).- After closing, you can do some of the work yourself to save money, but the program doesn't allow you to pay yourself.You will want to buy a Class B property, maybe Class C+, in an area that seems to be improving.
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15 January 2025 | 12 replies
Thanks for the feedback—it really makes me step back and think about this whole situation.To answer your question about the hard money loan: I went that route because I needed to close quickly, and hard money was the fastest way to secure the deal.
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19 January 2025 | 61 replies
If I have no mortgage the cash flow is more secure.
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16 January 2025 | 15 replies
Glad we're secured, but nothing in rei is passive.
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14 January 2025 | 329 replies
They better supply a massive amount of federal bailout funds to landlords after Trump's little act today, which he used to buy the voting base.
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7 January 2025 | 27 replies
Quote from @Michael Smythe: Besides MANY self-labeled "gurus" exaggerating their success, many of them just supply readily available info.If you're too busy to find the info and are willing to pay for it, no problem as you accept their time vs money solution.REGARDING S8 GURU ISSUES SPECIFICALLYMost of them don't share all the facts about how Section 8 actually works.They claim you can get HIGHER rent from S8 tenants vs private-paying tenants.Why would the government allow our tax dollars to be spent this way?
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5 February 2025 | 205 replies
This will influence the supply in the area but in some specific niche or criteria, that's why is important to review constantly the area -inflow of new families are not slowing down.