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3 August 2024 | 5 replies
We frequently hear investors chasing properties that meet the "1% rule" which in my opinion is a flawed underwriting practice (have posted on that very subject a few times in these forums), but in order to achieve a 14% cap rate your Gross Operating Income must nearly meet 2% of the assets cost assuming your operating expense ratio is at 35% (which is very lean on operating expenses).
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3 August 2024 | 27 replies
Once I have enough input from BP community and others, I'll post my FEP/S (Frequently Encountered Problems & Solutions) list in this thread.
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2 August 2024 | 4 replies
My suggestion is to communicate being a "problem solver" vs a 1-trick pony like every wholesaler mailing "all cash, quick close" cards or realtors sending out "just listed or just sold" postcards trying to attract a listing.
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2 August 2024 | 15 replies
Another point that I forgot to note, this will be a sales director position covering the midland area and surrounding regions, so I will be frequently traveling to midland for customer meetings and team meetings (2 times per month typically)!
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3 August 2024 | 10 replies
Every system you try will have flaws, or you may salivate over a feature that appears in other software.Some familiar names are mentioned frequently: Stessa, Apartments.com, RentRedi, TenantCloud, Innago, RentManager, Avail, Rentec Direct, Doorloop, etc.I recommend conducting thorough research on each app online to understand their offerings, pricing, etc.
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1 August 2024 | 16 replies
People say cash flow as if 20% down will always do the trick, we're not in 2010-2022 anymore.
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2 August 2024 | 8 replies
I am sorry to hear your original move didn't go according to plan, but it sounds like you got some great investment properties out of it.We would still be visiting California frequently (me for work, and my wife for family), so I don't think we'd want to move back for sure, especially in the area we live in.
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1 August 2024 | 13 replies
Seasonal changes frequently impact the activity of both buyers and sellers, which causes variances in the speed at which properties sell.
31 July 2024 | 20 replies
Located in a popluar fishing destination, there is a decent amount of traffic, but I am not getting any actual bookings....Any insight, tips, or tricks?
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31 July 2024 | 9 replies
Good luck to all See this far too frequently as buyers have FOMO and think they are going to get this great cash flow.