
27 June 2024 | 18 replies
Quote from @Connor Golden: David's book is a great start.I think it's important to narrow in on a market, then look for a solid Property Manager.

27 June 2024 | 3 replies
Here are some tips and insights to consider as you begin building your real estate portfolio:Options:Refinancing: If you have equity in your condo, consider refinancing to access funds for future investments.Investment Loans: Explore options like conventional loans for financing future rental properties.HELOC: Depending on your equity and financial situation, a Home Equity Line of Credit (HELOC) could provide flexible financing for down payments or renovations on new properties.Build a Financial Strategy:Budgeting: Create a detailed budget that includes mortgage payments, property taxes, insurance, and maintenance costs for your rental property.Cash Flow Analysis: Calculate expected rental income versus expenses to ensure positive cash flow.Emergency Fund: Set aside funds for unexpected repairs or vacancies.Research the Rental Market:Location: Choose rental properties in areas with strong rental demand and potential for appreciation.Tenant Profile: Understand the demographics and preferences of renters in your target market.Market Trends: Stay updated on rental market trends and local regulations affecting landlords.Property Management:Self-Management vs.

27 June 2024 | 17 replies
Networking with local investors can provide insights into the Pittsburgh market, recommended contractors, property managers, and other professionals.

27 June 2024 | 5 replies
I would employ a property management company that can handle this for you, like the one I work for as an agent.

28 June 2024 | 100 replies
I bought 100k homes for blue-collar working families that rented for 1000 dollars a month that more than paid for all repairs, vacancy, insurance, professional property management, and capital expenses."

27 June 2024 | 1 reply
Our management company has interviewed vendors our there that have capabilities, using AI, to verify authenticity of certain documents, including ID's.

28 June 2024 | 16 replies
When I went to replace a shift manager that I caught stealing, I got guff from my business partner when I brought up John as a replacement.

26 June 2024 | 11 replies
Does anyone have a property manager, relator, contractor, CPA that they can recommend in the area?

26 June 2024 | 22 replies
Does anyone here use Buildium for property management and Quickbooks for accounting?

27 June 2024 | 10 replies
Here are some additional activities that count, toward real estate professional and material participation hours.Research market for real estate transaction opportunities; current office market rates; terms of financingMaking offer contracts for properties that you end up buyingNegotiation for acquisition of rental properties that you end up purchasing; including directing due diligence and managing financial projections/business plansObtaining financing for properties that you purchaseProperty inspectionsAdvertisingMeeting with Prospective Tenants/showing properties to prospective tenantsNegotiate, obtain, & review proposals and contracts with vendors (insurance, utilities, etc) for property servicesReview and Negotiate The Terms of Sale AgreementsStaging and Decorating3rd party contractor, vendor, or service provider supervision