
15 January 2025 | 2 replies
However, he asked me to sign a one-year Exclusive Right to Represent agreement, as presented to him by his brokerage.His interpretation is that it applies only when he materially assists me, but I think the boilerplate brokerage language he was given reads much more broadly:"If during the term of this Agreement Buyer enters into a contract for the purchase of Property through the services or efforts of the Broker or Buyer’s Brokerage Firm, or by or through any other persons during the term of this Agreement" (emphasis mine).My concern is that, under my interpretation, if a fellow real estate investor wants to unload a property or if I get pointed to an opportunity by a former agent, colleague, or friend, this agreement could create an obstacle to moving forward with the deal.In the end, I didn’t sign.
8 February 2025 | 89 replies
My dads RE attorney taught me many things in my formative years in the business..

21 January 2025 | 40 replies
The Rentastic (and other RE focused systems) do seem way more simple, and user friendly than QBO.

23 January 2025 | 26 replies
Hey Allen, most of us here will certainly be biased RE wise.

20 January 2025 | 1 reply
I am planning on not resigning my lease and starting of my RE venture.

22 January 2025 | 10 replies
@Chris Mahoo many new investors don't take the time to properly understand RE investing.1) Many are using approaches from 2010-2018 when Class A property prices were so low from the Great RE Crash that an investor could cashflow and get pretty easy Class A tenants to manage.2) If you look at what investors were doing before 2008-2010, most were buying Class B & C rentals.To make it worth while, an investor either needs to Fix & Flip or invest & hold rentals for 10+ years.- Over a 10 year period cashflow will increase as rents increase (rents typically rise faster than property taxes, insurance, etc.)- The property should be appreciating, if purchased in a good location, increasing the owner's equity/wealth.- Rents will be paying the mortgage off, increasing the owner's equity/wealth.- If you hold a rental until death, you can pass it on with a stepped-up cost basis, limiting captial gains if then sold (limited by inheritance tax limitations).Too many newbies on this site trying to replace their day job income via "passive" real estate investing w/o digging deep enough to understand how it really works.

29 January 2025 | 18 replies
and to a certain extent commerical RE Brokers

19 January 2025 | 7 replies
Applying that to RE investing, most would agree your first FHA loan should be a multi-unit house hack.

20 January 2025 | 1 reply
I purchased my first home through NACA to actually live in and I'm curious on how to build my RE portfolio from here.