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14 January 2025 | 4 replies
The requirement to do this generally involves an experienced GC signing on the borrowing entity as a 20+% owner thus making them a signatory on the loan and responsible for the debt which in most cases is not very easy to find.
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23 January 2025 | 6 replies
There is no stock account that gives the leverage real estate does, at as low interest rate real estate does, at as low risk/ volatility real estate does.
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16 January 2025 | 11 replies
I'd have to ask my wife who handles the accounting etc about the fee question. 30 to 45min a month for 62 properties Not bad.
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25 January 2025 | 12 replies
Personally, after working with numerous property managers in Las Vegas, I only trust two to handle this task for my properties.Compliance Is ComplicatedProperty management involves navigating a maze of city, state, and federal regulations.
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28 January 2025 | 14 replies
There's no Airbnb calc tool that really accounts for creativity and its financial value.
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6 January 2025 | 77 replies
Quote from @Bruce Woodruff: I don't really even notice them, and I certainly don't click on them to actually read and get involved.....Just another way of getting business and not a great one IMO..By the way, does anyone know anything about framing a staircase?
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30 January 2025 | 3 replies
It should cash flow 400/month after taking taxes/HOA into account.
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16 January 2025 | 8 replies
Wage garnishment , attach any bank accounts , and or vehicles
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16 January 2025 | 4 replies
I would, If in this position, take the equity in the form of a HELOC and purchase a cash flowing asset that would not only pay for itself but pay for the cost of the money while putting cash into my bank account each month.
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29 January 2025 | 32 replies
Build a solid foundation before taking a step up - each and every step of the way.There’s a way to scale recklessly and there is a way to scale safely.When OPM is involved safe is way better than reckless.Despite a life long career in RE, I scaled as followsBought a few duplexes for my own accountBought a fourplex for my own accountBought 12 units as a JV with some friendsSyndicated 43 unitsSyndicated 30 unitsBought another 12 units as a JVSyndicated 281 unitsThis was over a 3 or 4 year period.and so forth - now I am GP in close to 1000 units with $125M AUM.Even with all that, my sweet spot is 30 to 50 unit properties - they work best for my partners and I and more importantly our investors.