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29 January 2025 | 5 replies
Many “wholesalers” get all excited when getting a property under contract only to discover that a thorough inspection by a knowledgable professional results in repair costs 2 - 3 times higher than they calculated.
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21 January 2025 | 10 replies
My lease requires professional carpet cleaning, which would cost more than $500 for a home of that size.Yes, it's reasonable to reduce the cost because she was such a long-term tenant.
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2 February 2025 | 22 replies
My target tenants are young professionals.
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18 February 2025 | 4 replies
Here’s some context: Property 1: >$100k in EquityValue: $325kDebt: $220k @ 2.88% (30-year fixed)Property 2: >$70k in EquityValue: $325kDebt: $252k @ 3.38% (30-year fixed)Extra considerations: - I have $15-20k liquid to use for any of these deals- My current job is relatively stable, but not high-payin- Current properties in TX, living in NY, looking to invest in Mid-West (crazy, I know)- No other debt obligations besides the two mortgagesUltimate goal/timeline: Though a bit ambitious, I’d love to build up the portfolio to 10-20 units in the next two yearsI understand that any/all replies aren't financial advice; all ideas welcome for information purposes.
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20 January 2025 | 6 replies
My advice: don’t overthink it—your first house hack is about learning, so pick a strong rental market, ensure solid demand, and lock in a deal that gets you close to break-even or better.
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20 February 2025 | 20 replies
Hi All,My name is Michelle, I am a local long term SFH real estate investor in South Florida and am wanting to add on Section 8 investing in Detroit, Michigan.I currently am not knowledgeable on Section 8, but am educating myself.I am looking to connect with other Section 8 investors to see how they got started along with what resources they used to look at market trends, how to pick the specific hot bed to invest in Section 8, and advice I may need to know.Thank you in advance.
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18 January 2025 | 15 replies
Quote from @Monty Alston: Thank you, Patrick, for taking the time to share your advice—I genuinely appreciate it!
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7 February 2025 | 6 replies
I wanted to know if y'all could have any advice for someone who would consider being a wholesaler in the state of Texas?
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11 February 2025 | 4 replies
If you're a relatively new multifamily operator, you'll likely be required to hire a professional management company (inexperienced owners are typically not allowed to self manage the assets).
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20 February 2025 | 19 replies
@Matthew Becker has a good point--stating your goal may help you get more specific and accurate advice.