Alan Mills
Seeking Strategies to scale up
21 January 2025 | 5 replies
If one project slows down, others can keep moving.Stagger Projects: Start planning your next project while finishing the current one to keep your pipeline full.DSCR Loans: These loans focus on the property’s income, not your personal income, which can help you finance more properties.StrategyFlip and Hold: Flipping one property while prepping another for rental keeps cash flowing and builds your portfolio.BRRRR Timing: Since BRRRR is slower now, using DSCR loans to get multiple properties might be a good hedge.Good luck with your flip and future investments!
Sebastian Nadal
Screening for a roommate for the first time
7 January 2025 | 6 replies
Be sure to actually contact the landlord for verification—fake references are more common than you’d think.In-Person Meeting: Meeting potential roommates in person is a great way to get a feel for compatibility.
Craig Sparling
Exclusive right to rep (A post Burnet et Al world) for Real Estate investors
15 January 2025 | 2 replies
However, he asked me to sign a one-year Exclusive Right to Represent agreement, as presented to him by his brokerage.His interpretation is that it applies only when he materially assists me, but I think the boilerplate brokerage language he was given reads much more broadly:"If during the term of this Agreement Buyer enters into a contract for the purchase of Property through the services or efforts of the Broker or Buyer’s Brokerage Firm, or by or through any other persons during the term of this Agreement" (emphasis mine).My concern is that, under my interpretation, if a fellow real estate investor wants to unload a property or if I get pointed to an opportunity by a former agent, colleague, or friend, this agreement could create an obstacle to moving forward with the deal.In the end, I didn’t sign.
Dan N.
Can a Wyoming LLC own an investment property in ANY state?
9 January 2025 | 18 replies
If you are just a plain person they usually must serve you in person.
John Reagan Johnson
Switched to a Property Manager
22 January 2025 | 9 replies
The 5-10 it gets heavier and a lot busier, and 10-15-20 it really is untenable to self-manage especially if this is not you main business like a person buying their own rentals and building it like a small business.
Account Closed
PM needs ss#
22 January 2025 | 14 replies
- Of course, most of these PMCs weren't even properly licensed and were typically one-person companies.If you have an LLC, the PMC will only need the LLCs EIN.- If you chose to set up your LLC as a pass-thru entity, then you will need to supply your SSN.FYI - to avoid getting nasty letters from the IRS about errors (which might cause us to be audited), we will ask for a copy of your EIN assignment letter or a copy of your SSN card to confirm those numbers.
Chris Clarkson
Selling business/building and want to reinvest into real estate
17 January 2025 | 11 replies
I personally have been an investor in Chattanooga since 2021 and the market has shown tremendous growth and strength, and I'm super optimistic for the future.
Geoffrey Serdar
Engagement Fee for a loan: LENDBASE
29 January 2025 | 31 replies
Personally I will not work with them specifically due to this fee.
Leeling Chew
Should all tenants fill out rental application, or only the one who pays the rent?
10 January 2025 | 8 replies
Signing the lease demonstrates they agree to the terms and then you can hold them accountable.If you don't do this, then the person named on the lease and paying the rent could disappear and you would have no legal authority to charge the remaining three for unpaid rent.
Ben Stavrowsky
Developing two units as STR's
16 January 2025 | 2 replies
I leveraged my owned land to build my personal home.