
19 June 2024 | 7 replies
Title companies often have a business development person that goes after real estate investors, offering foreclosure lists as an incentive.

19 June 2024 | 1 reply
I'm willing to go under the wings of veterans in this business model, do you know who might be of help to me?

20 June 2024 | 23 replies
A lot of people prefer "simple" agreements, but truth is, there is a lot of moving parts in the property management business, and the PMA should take this into account. 9) Access for communication.

15 June 2024 | 1 reply
I'm particularly passionate about trying to find funding for a tiny home village we are trying to finance.

19 June 2024 | 4 replies
Unfortunately, Marriott generally restricts franchisees from incorporating other businesses into their interstate properties, although they do allow for more creative designs in urban markets.According to the STR report I commissioned for the five closest competing properties, their occupancy rates were 73% in 2022 and 75% in 2023.

18 June 2024 | 10 replies
ACH payments by their nature take a few days to know if it actually clears (you can know faster for credit card payments). 7-10 days I'm guessing is something like this:2-3 business days Tenant -> Zillow2-3 business days Zillow -> LandlordSo in summary, you'd almost surely know within a couple days if the tenant sends a bogus payment, even if you don't get it into your bank account until later.

19 June 2024 | 7 replies
I am more flexible with them on holidays if one cannot be cleaned by EOD but this is a hospitality business and holidays are expected to work days IMO

19 June 2024 | 18 replies
Hey mate,Thick skin is needed on this forum and in business in general 🤷♂️I just posted something similar on another thread and the best advice I can give is spending enough time finding the right people on the ground before looking at the prospect of a market or a deal.Especially when doing BRRR out of state which is a very tough gig IMO.You can find the best market, with the best growth potential, find the best deal with the best cashflow but if your realtor isn't genuine, your property manager is incompetent and your contractor is a cheat.You will loose money.Also, underestimate your income and overestimate your expenses on every deal and business opportunity.If you think it won't happen to you, I can tell you right now that it unfortunately will...I've completed hundreds of flips and rarely come in at budget from a rehab standpoint.So keep that in mind.Appraisers are a joke and easily manipulated.They follow weird data and many want to cap you intentionally (No idea why...) on the ARV.They play it safe and can see how much you paid and what you spent on rehab so they will cap the value and come in under fair value on many appraisals.I stopped dealing with selling to investors looking to finance many moons ago as it wasn't efficient from a business perspective and I'm not in the business of using "in-house" lenders and manipulating appraisals like many others do.

20 June 2024 | 2 replies
I'd change the business plan and pick profit over passion but that's just me

18 June 2024 | 53 replies
Especially since I am currently sitting in one and very intrigued with this business model.