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22 January 2025 | 10 replies
I don't want to name the REIT we dislike, but if you want to talk more about this offline shoot me a DM.As far as investor profile, it really comes down to someone's individual circumstances and what they're trying to achieve.
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21 February 2025 | 9 replies
The states that I know require you to try to mitigate your damages if a tenant breaks a lease early.
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1 February 2025 | 14 replies
It's a very expensive repair (ballpark $15,000) and the cost depends on how long the sewer line is.A lot of municipalities here require dye tests and occupancy inspections.
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13 February 2025 | 13 replies
As always, DYOR (Do Your Own Research) The area has a mix of stable, long-term residents and rental demand—especially with Section 8 tenants—but it does vary block-by-block.Key things to consider are Rental Demand, Property Condition and Management (a local property manager can help navigate tenant screening and city requirements)It’s not as bad as the headlines make it seem, but success here depends on buying right and the right property manager.
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7 February 2025 | 6 replies
In my experience in MO, land bank properties are very low priced (these are generally properties/parcels that weren't sold at the tax auction), but they often have significant tax liens on them that must be cleared in addition to the "sale price" AND they require a significant amount of rehab in order for the properties to be inhabitable.
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4 February 2025 | 2 replies
Hello Adam, The way I draft our contracts in Pennsylvania I include a clause that requires the tenants to carry $10k in personal property and $100k in liability.
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21 January 2025 | 16 replies
Alamo REIA also hold events trying to connect individuals from different specialties within the real estate investing space.
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10 February 2025 | 29 replies
All client deposits when to title company let them account for it all :) I have a trust account, only because some states require one, such as Pennsylvania.
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3 February 2025 | 5 replies
The last few years have been great for investors/homebuyers who bought pre-con, but looking back to the few years after the 2014/15 boom, this wasn't the case, where many had actually committed to buying a property that wasn't quite worth what they signed up for closer to closing because the appraisal weren't matching the contract price, requiring a cash top-up.
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11 February 2025 | 4 replies
Do to the state mandates that require 100% reserves in all categories, combined with the rising cost of their neighborhood insurance policy, my strong recommendation is you find out what further anticipated spikes in association dues & if any possible special assessments are looming.