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21 September 2024 | 71 replies
Quote from @Alecia Loveless: @Randall Alan Obviously you can get close to the same return at the bank right now with a CD but you’re not getting an asset that’s being paid for by your tenants that will be worth several hundred thousand dollars one day, you’re getting no tax benefits, and your money is being eaten away by inflation.
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19 September 2024 | 16 replies
It could be the most horrible system in the world to somebody or a lifesaver to a wholesaler and or REI not only does it come with all the marketing tools one needs to be successful in the business but also has completely hundred percent free no gray white or all invisible writing training courses in depth and to the point.
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17 September 2024 | 11 replies
There are blogs, books, hundreds of pockets here on bigger pockets that can help.
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16 September 2024 | 7 replies
We have had much more sucess buying foreclosures, REOs, Sheriff Sales and Tax Sales where we have bought hundreds of properties.
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16 September 2024 | 13 replies
It contains hundreds of files such as ebooks, checklists and spreadsheets for real estate investors: https://www.biggerpockets.com/filesGood luck.
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17 September 2024 | 38 replies
We manage several hundred tenants and know how to handle this and we know the laws in our state.Giving cash for keys definitely does not feel good but a protracted eviction in our tenant friendly state of 3 to 4 months, which is the normal plus attorney fees will easily exceed $10,000 depending on the monthly rental cost.
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15 September 2024 | 12 replies
You need to be more specific about that because a few hundred thousand would work, but if you mean under 10k, you aren't close to doing anything in real estate. 15k is your minimum for reserves after purchasing so even if you buy something with 3.5 percent down, you need that downpayment plus 15k plus closing cost and any rehab.It seems you just like what you listened to, but you should not invest at all for at least a year because you are too likely to be convinced something is a good deal before you know anything.
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17 September 2024 | 19 replies
Because she is competing with hundreds of others who are hooked to MLS and pay highest amount to get that property (they are not in hot market and in horrible condition, lots of unnecessary risks involved).
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16 September 2024 | 24 replies
It's a few hundred dollar per month upside with a $5-15k downside risk.
16 September 2024 | 13 replies
@Christina ColonIt sounds like this tenant could be a problem in the future - however, if you boot him without planning and your place sits vacant for a month or two, you're likely down a few thousand dollars instead of a few hundred bucks for landscaping.If the landscaping costs are relatively inexpensive, you could plan to not renew the tenant, start showing the property to other tenants a month or two before lease-end, and have a new tenant (who won't complain about handling landscaping) begin renting within a week or two of the problematic tenant moving out, thereby saving you lost rent on your place sitting vacant.