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10 October 2024 | 2 replies
BRRR stands for Buy, Rehab, Rent, Refinance, Repeat, and it's one of the most powerful ways to scale your investment portfolio using leverage.
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11 October 2024 | 13 replies
Perform the same task in each app to ensure a fair comparison.Load a property with pictures and details.Market that property.See what your marketing looks like from the public's perspective.Submit a fake application to see how easy the process is.Run a credit/screening report on yourself.Enter a maintenance request, assign a vendor, and attach a fake invoice.Enter charges to the tenant's ledger.Enter recurring charges and automatic late fees.Sign documents electronically.Run owner reports.After testing a few apps, one should clearly stand out.
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7 October 2024 | 6 replies
I want something geared more towards long-term rentals for this side of things, something that makes payments super simple (with a lot of options) for tenants would be great.
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11 October 2024 | 12 replies
In the short term, if your property is still standing and others are heavily damaged, prices could go up due to reduced supply—there are just fewer homes available that aren’t in need of repair.
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6 October 2024 | 12 replies
I had a lot of luck with ASI ASI and Safeco early in my journey, and then I stumbled upon a different class of insurance companies that are more geared towards investment properties.My policies are currently underwritten by SES and they have been great to work with and very geared towards the investor.My insurance agent is a sage source of counsel on the subject and I bet he'd be a good resource for you if needed!
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11 October 2024 | 13 replies
My gut tells me that Texas, particularly Austin and Houston, could be where the next wave of growth and expansion occurs, mainly driven by strong business and job creation trends.Here’s what I’m looking for in my US investments:Free-standing houses with a good land component, at least 3 bedrooms and 2 bathrooms, and in well-maintained condition.Yielding over 6%, with a slight cash flow positive outcome, while also offering medium-term capital appreciation potential.Holding for at least 5 years or more, with a view towards steady growth.The long-term goal is financial independence, reducing reliance on salary-based income, and building assets during this accumulation phase.Debt reduction is on the horizon—looking to consolidate and start winding down debt within the next 7 years.If anyone has experience investing in the Texas real estate market or any tips on navigating US property investments, feel free to share your thoughts!
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9 October 2024 | 8 replies
If you could do this and the multifamily property can stand on it's own, you might have enough equity free to get that one done too, depending on the financing possibilities available and how flexible you can be with terms.
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6 October 2024 | 8 replies
I know there are many property management programs available, but I feel these are geared more toward operating the properties rather than tracking a portfolio.
10 October 2024 | 0 replies
Offer higher down payments to stand out from the competition.Counteroffer until you are sure the seller won’t budge on their position.
8 October 2024 | 8 replies
Do I stand a chance in small claims to file for one day they refused to pay, legal charges and my wages lost from work because tenants unitarily extended their contract by one day without asking.