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1 November 2015 | 16 replies
Landlord-tenant laws in Florida state under the section "Landlord's obligation to maintain premises" that you're responsible for abiding by the codes, assure the property is not damaged, and that utilities are in reasonable working condition, generally.
16 September 2015 | 9 replies
It's a bigger chunk but HOA's that collect and maintain consistently are the ones that don't get run down.
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21 October 2015 | 2 replies
It's not expensive to start and maintain an llc, but the fees will vary by state.
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10 July 2015 | 4 replies
I hope to maintain a comfortable lifestyle going forward with these investment and be able to fully retire at the age of 46.If anyone has some recommended resources in the area (REIA meetings, groups, etc) I would love to hear them.
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10 July 2015 | 6 replies
I feel like maintaining an abundance mindset requires applying a consistent philosophy.
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20 July 2015 | 24 replies
A borrower must maintain the proper liquidity and cash flow to service debts, so leverage has to be managed.
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27 July 2017 | 24 replies
I want to show understanding but also make sure I maintain the pressure to get the money in.
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1 August 2017 | 32 replies
A well maintained, C/C+ neighborhood with fair taxes, most likely a yes.
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29 July 2017 | 4 replies
If your concern is that the tenants will know who you are, consider the cost of property management vs. the fees associated w/ registering and maintaining an LLC or DBA.
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16 August 2017 | 19 replies
the #1 thing that i have learned about real estate is that pretty much everyone you deal with is going to be hilariously greedy. this isnt my experience 100% of the time, but it is like that 99% of the time.i dont know about you, but seeing a property that is reasonably valued at $120,000 listed for $205,000 is outright ridiculous to me. all that tells me is that the owner is not in a desperate situation. most deals can only be had when the seller is downright desperate from my experience.in terms of deals ive seen hat are good in florida - i have seen absolutely zero since then EXCEPT maybe one, which was in a slightly remote location. the name of the motel is the Tangerine Inn (find it on google) in Volusian county here in florida, and i believe its a 12 unit foreclosure a few years ago that was listed for $160,000. the low price piqued my interest, and upon inspection, i saw that it was actually a doable deal, but only average. there wasnt a lot of competition nearby, but the place was very old looking and outdated. it required about $90,000 to fully renovate, and maybe $40,000 to get a few rooms up and running at first.a few weeks ago, i checked the volusia county property appraiser and saw that it sold for $60,000 in 2014 which was not bad at all. i called them and they charged a ridiculously high $80 a night for a crappy room. my guess is that they average only about a 35% occupancy rate whereas i have about a 90% i maintain throughout the whole year.besides that, every pther motel deal ive found online through sites such as loopnet were hilariously bad. $600,000 for a 10 unit motel. $950,000 for a 13 unit motel in clearwater beach.i will add more to this soon