
28 January 2025 | 19 replies
More importantly why don’t you send money to TripAdvisor, Fairbnb, or booking.com?

2 February 2025 | 9 replies
As you know, marketing and price are both very important, and vacancy will significantly impact your income, so you are almost always better off charging a lower price and getting it filled with a good tenant.

16 February 2025 | 61 replies
It's important to be on this platform, even if it's not performing right now.

30 January 2025 | 8 replies
Just keep in mind the process can take a little longer since you’d need to work with contractors and follow FHA’s requirements.4.Your End Game: Whether you’re planning to stay long-term, rent it out, or sell once the work is done, it’s important to have your exit strategy mapped out.

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.

25 January 2025 | 5 replies
(This is as important if not more important than market)3.

26 January 2025 | 9 replies
So the idea of doing this all from afar is a bit daunting, however, I know the most important thing here will be to create a great team and outsource as much as possible.I have set my sights on a couple of different markets being in the Southeast and the Midwest; these markets seem to provide the cash flow I am initially interested in generating to value add to the properties I purchase.

26 January 2025 | 5 replies
Verifying last 2 years of rental history very important!

1 February 2025 | 14 replies
Quote from @Jessie Dillon: one thing that you can do is have the seller transfer the deed to a living trust that they're the sole beneficiary of, and call the bank to give them a heads up that they're doing it for estate planning purposes. then, a month or more later, buy the property sub-to, and change the beneficiary of the trust. the bank can not see who owns a trust, and if they ever come back and question it, you can just swap the beneficiaries again, show the bank that the seller is still the owner, then swap it back again when they buzz off. this is one of many reasons it's so important to keep a good relationships with the seller if you're buying this way. you have to work together on some stuff.In summary: fraud.

27 January 2025 | 2 replies
So far, I’ve worked on automating things like tracking expenses, sending out emails, and setting reminders for important deadlines.I’m wondering if anyone has any other suggestions for tasks I should look into automating to save time and streamline my workflow?