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6 January 2025 | 9 replies
If you don't want that, I would sell it or put it into storage (which may not be financially feasible), but long-term renters are hard on furniture that is not theirs.
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9 January 2025 | 46 replies
There was an onboarding phase, which was mostly about uploading our financial docs and answering questions.
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11 February 2025 | 25 replies
Then came investor financial data, I wanted at least a few years in there, I got a totally different-identical answer:"another one of our customers just imported his on his own with our API."
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9 January 2025 | 12 replies
It’s astounding how many fake documents are circulating today—you can find everything from fake references and stolen Social Security numbers to falsified income documents.To combat this, we rely on tools like Plaid, Verifast, and Snappt, which are excellent for verifying financial information and detecting fraudulent activity.
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4 January 2025 | 0 replies
A community of growth oriented, abundance mindset, go-giver individuals with a BARE MINIMUM commitment to become financially free through real estate investing.We focus on providing education and building networks to help every member solve their cash-flow freedom equation, so they can have the time-freedom needed to follow their passions, make a lasting impact and even change the world!
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13 January 2025 | 30 replies
Let's assume that the neighborhood is a C class and the median income of the city is greater than 3X of the market rent.Here are some of the considerations I've come up with so far:- Units are in need of renovation and capex is too high or not available- Unit quality is not the same as market - Seller is worried about losing tenants due to increase- Vacancy rates are high or filling units have been difficult- Rent increase would take multiple increases over multiple lease periods to get to market rate if seller is trying to retain the same tenant- Seller inherited property and just want to liquidate- Seller needs to liquidate quickly (financial burden, sickness, quick exit from land-lording)It seems like I might be missing a warning sign about a deal if they are selling with current rents that are under market; but again, this seems to be most of the properties I've underwritten.And in the same vein, what should I be worried about when purchasing a deal with under market rent with the intention of raising them after purchase.
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2 January 2025 | 9 replies
It's a townhouse in Ohio, and as per the estimated financials, I could be looking at $400 per month in cashflow.Problem is...
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3 January 2025 | 1 reply
Partner Driven provided the full financial backing for the purchase and renovations, totaling $113,500.
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7 January 2025 | 1 reply
If a tenant (friend) needed to move, I wouldn’t want to be in a bad situation financially.
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14 January 2025 | 17 replies
Working on my financial fundamentals, namely saving enough free capital to invest.