James Wesley
Hot Tub Management - Complete drain and refills after guests
9 October 2024 | 28 replies
If the chemical balance is maintained, it will stay clean.If guests stay for less than five days, your tub should survive long enough for you to balance the chemicals again.
Peyton Culberson
Managing Your First Rental
11 October 2024 | 13 replies
Currently, my setup is a separate bank account with it's own debit card to hold deposits, track expenses, and track income.
William Downey
Managing / Organizing Finances for Flipping Business
9 October 2024 | 2 replies
Credit cards - store specific, general business expenses, etc.Any POV you have on what has worked for you would be great!
Corey Crowley
Question about cash out refinancing
15 October 2024 | 12 replies
This is like a credit card but tied to your property's equity.- **Cash-Out Refinance**: You can refinance each property to pull out cash, but this involves new loan terms and closing costs for each property.### Steps to Take- **Research Lenders**: Look for lenders that specialize in real estate investors and offer portfolio loans or multiple HELOCs.
Mark Husband-Wood
Commercial property late fee
9 October 2024 | 8 replies
According to most courts, this amount needs to be kept reasonable, which means less than 10 percent per month.Generally speaking, as a landlord, you will need to give your tenant about five days' grace before considering the rent payment late.
Eric DeNardo
Advice on Using Other People's Money (OPM)
10 October 2024 | 3 replies
If you are trying to get others to pay your down payment and you have nothing in the deal, there are probably no terms that anyone would agree to unless they were getting credit card type returns.
Jason Wray
Florida Hurricanes Dejavu Helene & Milton
9 October 2024 | 1 reply
I believe there’s a middle ground to be found, and I remain hopeful for the next three to five years.Has anyone heard from friends, family, or fellow investors expressing concerns that Florida is becoming a risky place, causing them to shy away from buying?
Irina Badal
Deal analysis and CoC
8 October 2024 | 3 replies
Between principal paydown and home appreciation, you’re still likely to make at least 40k per year, with that amount increasing to 46k in the second year and 52k in the third.To make this a worthwhile deal, I think you’d need to hold it for at least five years.
Saurabh Patel
Property Maanger stole my money - Tenant deposits and one month rent
10 October 2024 | 6 replies
Broker will end up paying, if Saurabh Patel plays his cards right.
Fareen E.
Michigan Realtor, Now First Time REI
8 October 2024 | 6 replies
Good to see you're jumping in and setting clear goals for yourself.Going from 0 to 20 doors in five years is definitely doable, but it’s a grind.