Tim Tafel
What Is The Best Platforms For The Most Accurate Comps? (Privy, Propwire, Backflip)?
15 November 2024 | 1 reply
To ensure accuracy, verify comps manually by reviewing recent sales in the area, property condition, and similar features.
Mary Pastoral
VRBO charges 10% commission for direct booking outside of their platform
23 November 2024 | 40 replies
I’d love to read any updated terms and conditions they have that demonstrates a commission for private / direct sales.
Minnina Smith
Just Starting Out & Have Questions
20 November 2024 | 19 replies
Make sure to conduct thorough due diligence on the areas you're interested in, including neighborhood dynamics and the condition of the properties you're considering.
Kristin Solbach
STR to LTR - is it possible?
14 November 2024 | 30 replies
From there, there still may be operational issues such as the property being too seasonal and having a bad weather season or the market simply losing popularity.
Sharon McCants
Should I sell cash flowing property to buy 2 more with the cash?
19 November 2024 | 28 replies
Obviously, the condition of these varies with price, but if you're willing to put the money into them to update them, this could be a great strategy.
Jonathan Greene
The Top 5 Ways I See New Investors Lose Money On Their First Flip or BRRRR
19 November 2024 | 24 replies
Thats how they know your properties condition has “improved”.
Jason Porto
Reserve Fund Contributions
18 November 2024 | 12 replies
Property Age and Condition: Older properties may require a more significant reserve due to higher maintenance needs, while newer ones may allow you to taper off sooner.Understand your portfolio: I look at my portfolio as a whole and calculate a number I am comfortable with.
Alex Thomsen
Earnest money deposit on a new construction
17 November 2024 | 13 replies
For example, if their lender drags things out and ends up offering mortgage conditions that are wildly different than what we have discussed then I would be forced to accept those conditions or lose $50k.I have also asked if they could lower their earnest money deposit demand to something more reasonable, which they have refused.
Justin Rollheiser
RentRedi Updates Processor To Stripe: New TOS
15 November 2024 | 1 reply
Message from RentRedi:"ACTION REQUIRED:You must agree to the new terms and conditions to continue processing rent by October 7th.I have read and accept the Stripe Connected Account AgreementConfirmRentRedi is updating our payment processor to Stripe.
Nathan Frost
Inspection Tips to get seller credits
14 November 2024 | 3 replies
Get the inspection report and check comparable properties quickly for condition and then go to the seller with your proposed reductions and be able to point out condition-comparable properties in keeping with your proposed price reduction.