Jack Quin
Tenant Moving Out Due to Deployment but Leaving the House to Her Son
4 December 2024 | 9 replies
For unknown reason, Zillow was showing zero eviction records.
Rafael Ro
Safe and stable investment: Do I buy rental properties or keep money in a HYSA?
11 January 2025 | 67 replies
Or are there too many unknowns and paying the premium of a turnkey provider (which would likely eat up the cash flow) make sense to have the peace of mind?
Luka Jozic
Experience of OOS investing in Cleveland after 1.5 years.
29 January 2025 | 107 replies
G'Day Luka,I'm not a fan of out of state BRRRR.It's hard enough for us on the ground to get rehabs done on time and on budget and I don't even want to think how difficult, expensive and time consuming it would be for out of state investors.And then include a high LTV and that can be a portfolio killer IMO.Hat's off to you mate for grabbing the bull and jumping in.You live, you make mistakes, you learn and you grow.Such is life.Building a large portfolio is an absolute must when investing in sub $100,000 properties in Ohio.I "killed" my business by not wanting to sell to investors that are using leverage.Our sales volume could increase by 70-80% but it is what it is.I just don't believe in it or want the hassle associated with it lolReason is mostly two fold:1) Not in the mood to deal with lenders for 2 months and hope the deal will go through.2) I don't believe that investors should use high LTV when building the foundation of their portfolio.My advice to you:1) Pay them off as quickly as you can.2) Build a larger portfolio.The investors that $#@% the most on my name are the ones that buy 1 or 2 properties and expect miracles.As you said, 1 furnace goes out or a sewer line needs repaired and bye bye cashflow for 2 years.We get blamed although we can't predict to fix certain things and there are just many unknowns with all investments.Our happiest investors are the ones that own 6-7 or even 10+ properties and all with cash and no leverage.They aren't worried about turns or tenant issues that occur on 1 or 2 properties as it's just the nature of the beast.Returns vary but across the board over the last 10 years I have seen 6-10% net ROI's year after year.Building a large portfolio is a must to minimize risk and to get the best possible long term ROI.Thanks
Rene Hosman
How to retire early with real estate & other community questions
3 December 2024 | 5 replies
I realize that the unknown fears are what holds many people back in the landlording realm.
David Martoyan
What’s Your Biggest Lesson Learned From a Fix-and-Flip Project?
5 December 2024 | 20 replies
Slowly build out a repeatable process...if you continue to change things (as in different types of properties, different levels of renovation, different finish material, different neighborhoods, etc.) you create more variables and make it harder to solve to the problem.I am a math guy and less unknowns/variables you have the easier the problem will be to solve.
Henry Clark
Land Investing Checklist Free
1 December 2024 | 0 replies
Storm sewer, storm pond, sewer lines, water access, fire hydrants, public bathrooms, surface coverage, sidewalk or bike paths, setbacks, power lines and right of ways known and unknown, road access, etc. 5.
David To
California call for class action lawsuit on Eviction Moratorium
14 January 2025 | 329 replies
The bill declares that: It shall be unlawful to terminate all tenancies based on a failure to pay rent.No court will award possession and no tenant will have violated the unlawful detainer law for failure to pay rent within ninety (90) days from the end of State of Emergency’s (the end is unknown and cannot be determined at this time).There shall be a blanket exemption for all tenants regardless of their employment status or financial ability to pay rent.Tenants who receive guaranteed government payment or rent subsidies can also stop paying rent.
Mark S.
American Homeowner Preservation (AHP) Fund
19 January 2025 | 354 replies
K1 and release tax documents always unknown due to “audit” and requirements.
Kyle Kline
How do you fund property repairs/expenses if you are “investing for equity”?
13 December 2024 | 35 replies
After you get 5 or 6 properties, the cashflow adds up and makes it easier to deal with the unknowns that will happen.
Kevin Rodriguez
Starting My STR Journey
6 December 2024 | 25 replies
I’m just kind of overwhelmed with the process since my very first step to take action is unknown.