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6 March 2019 | 10 replies
@David Corboy I strongly recommend talking to the top producers in what ever area you area you are looking to invest in.
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6 March 2019 | 3 replies
In Phoenix we are seeing around 7% rent increases YoY which is extremely strong nationwide, but the entry prices to purchase is pushing north and the line up to buy is like 5 deep.Take a look at @David Thompson recent article.
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6 March 2019 | 1 reply
Each person has different learning abilities and drive. 1) If your current job pays well you may be able to learn on your own or pay someone (like a coach) to educate you while on the job. 2) On the other token if you need a push, being a property manager or a commercial broker or a lender, may push you further along in learning indirectly if your drive is not that strong.
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6 March 2019 | 3 replies
I’m now in need of a solid lease agreement as I’m about to start taking applications for tenants.I’ve found a few that look solid but I’m not sure what to trust that I find online and I want to make sure the lease is as strong as possible.Any advice or help or available and reliable templates would be greatly appreciated Thank you!
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10 March 2019 | 27 replies
-Fenced in yard per unit, roof 5 years old, new water heaters within a few yearsFHA 3.5% down (3% of that coming from sales commission)Rents: Local rents vary from $900-$1200Mortgage: $2050I understand this deal will not produce that much cash flow in the short run (Once I convert more equity in the unit I can drop PMI to increase cash flow) Remember, this is my fist deal with little to no money in which doesn't produce a strong cash flow standpoint.
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16 August 2019 | 41 replies
If so, I would very strongly consider the merit of taking on $300k in debt in order to achieve this level of earning potential and perhaps explore cheaper ways of attaining this education.Rather than thinking about how you can mitigate a poor financial decision through real estate, I respectfully suggest that perhaps it's better to not make the poor financial decision in the first place.
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23 March 2019 | 1 reply
Based on my strategy (that I call Relationship Wholesaling), when you're building a strong relationship with the Seller and really crafting a custom proposal that meets their needs, there's little need to "discuss it" with them (ie talk about it at length or make a big deal of it).
8 March 2019 | 8 replies
Congratulations on weathering the storm of being out of work and then rebounding so strongly.
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7 March 2019 | 2 replies
You will record the mortgage/refi as Liability.I strongly recommend to do the monthly bank recs, this is something the tax accountants will want at the end of the year.
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7 March 2019 | 2 replies
Are you considering going to court or just hoping to send some strongly worded letters?