David Kanarek
Beware of Norada Capital: Caveat Emptor My Fellow Small Investors !!!
24 October 2024 | 88 replies
That's what I mean when I say fraudulent folks coming into this space.This did not materialize as much as I thought and I think it was cause everyone anticipated a rate cut, thus such a fund wouldn't need to be made.
Tim Porsche
When and How Much to Lower Price on Flip
20 October 2024 | 8 replies
One thing that might be causing an issue is that the house has a cesspool (normal for this area) that's less than 100 feet from the well, so due to FHA standards we can't sell to FHA buyers, just buyers with conventional financing or cash.
Devin James
Underground Plumbing Dug too Low Results in Thousands in Extra Costs
18 October 2024 | 4 replies
This home had a HUGE delay that cost us thousands of dollars.The group that put in the underground plumbing dug the plumbing too low, and by the time we caught the mistake, the slab had already been poured and the septic tanks installed.We had to dig up the septic tanks, install a lift station, and reinstall the septic tanks.This all happened during 2 hurricanes, which caused even more delays.Time kills deals.This is why you need to 1) be conservative with your timelines and costs, 2) add contingencies to your budgets, and 3) have a healthy profit margin.
Joseph Shuster
Negative Cashflow - STR
28 October 2024 | 46 replies
They may have insights on your particular market and may be able to help advise you on what is causing your low bookings.
Chris G.
Storm Damage to Rental Property
18 October 2024 | 3 replies
Any delay or failure in the performance by Landlord hereunder shall be excused if and to the extent caused by the occurrence of any event that is beyond Landlord's control, such as fires/ floods, earthquakes, wars, sabotage, terrorism, vandalism, governmental acts, injunctions, or labor strikes, acts of God and any other occurrences that are unavoidable or unpreventable despite reasonable efforts to prevent, avoid, delay, or mitigate the effects thereof."
Imani Naomi
Where to start - Multi-Family or Single Family Homes?
19 October 2024 | 16 replies
During my journey to obtaining my degree in real estate financing, I have found that single family homes cause a great financial burned if the tenant decides not to pay their rent.
Cory Melious
Long term tenant hit me with a clearly fake ESA letter
18 October 2024 | 7 replies
(Little does he know that Frenchie is going to cause him more stress than he’s ever had beforehand, guaranteed).
Sean Urann
Preparing for my first investment property purchase!
21 October 2024 | 21 replies
When investing in the Midwest, I really like Ohio because we have multiple markets that attract all types of investors, which in turn is causing our markets to boom.
Elena Fabri
Property Management - CLEVELAND
16 October 2024 | 21 replies
We don’t know any PMCs to recommend in the area mentioned, but since selecting the wrong PMC is usually more harmful than selecting a bad tenant, you might want to read our series about “How to Screen a PMC Better than a Tenant”:https://www.biggerpockets.com/member-blogs/3094/91877-how-to-screen-a-pmc-better-than-a-tenant-part-1-services-and-processesWe recommend you get management contracts from several PMCs and compare the services they cover and, more importantly, what they each DO NOT cover.
Kyler Cook
Christian Investors - How do you tithe?
24 October 2024 | 27 replies
Anything that actually comes into our possession goes into our tithe calculation.In addition to tithing, we try to give to charitable causes when we can, but we don't do it as often as I would like.