14 June 2024 | 3 replies
Every system you try will have flaws, or you may salivate over a feature that appears in other software.Some familiar names are mentioned frequently: Stessa, Apartments.com, RentRedi, TenantCloud, Innago, RentManager, Avail, Rentec Direct, Doorloop, etc.I recommend conducting thorough research on each app online to understand their offerings, pricing, etc.

16 June 2024 | 33 replies
I'm sorry to hear that, but we have set the best cancellation policy set by Airbnb in order to be flexible for the guest, but also for us as small business owners."

15 June 2024 | 15 replies
I had like 2 of them direct to seller through a connection being that we have a large database and they asked me to buy but 95% of the time they just come from the MLS.

15 June 2024 | 54 replies
Then I sent emails directly to Clayton Morris inquiring about a finish date and he responded by voice-male that permits were almost completed and that it should be 4 to 6 weeks and it would be "smooth sailing" as he characterized it.The house was never built, I've paid back-property taxes and fines of over Approx $1200...ongoing yard maintenance costs of anywhere from $40+ up to as much a $225 monthly for a vacant lot just to keep the city off my back with fines...etc..Bottom line is.....After having a nearly perfect credit score and credit record of 25+ years, I will be in Bankruptcy court in May, 2019 because I cannot afford the payback of the credit card funding because there is no house built (cash flow) and there is not a single attorney that I contacted who doesn't want $60,000 (up-Front) because they all say they can't do it on contingency because Clayton has so may law-suits against him already that they feel there will be little (if any) money left after all the litigants already in line have been paid.

14 June 2024 | 2 replies
And yet, most investors, big and small, individual to institutional, tend to only focus on one thing: the monthly management fee.

14 June 2024 | 2 replies
I’m starting small, with a “Slow and Grow” approach, and have found a 2 BD SFH in my price range (under $150k) that needs rehabbing, BUT it was foreclosed and is now sitting vacant.

13 June 2024 | 20 replies
Be ready to pay off the loan, end buyer refi (the reason for a wrap is not always bad credit), sell property, deed back and do a lease purchase option for a while (depending on what state you are in), whatever needed.The banks are not gods - they are just entities that do not care much for their customers due to being too big.Stay safe out there kids this all works if everyone pulls in the same direction and as you note have ability to cure and refi etc. where it goes wonky is when the wrap buyer squats and the sub to buyer has no real means or is out of the deal and also goes dark.. the original seller gets fubared.

12 June 2024 | 8 replies
I have been offered an exclusive Deal by a local "friend"/ semi-mentor in my small town. 8 standard 2/1 apartments - Quad, duplex, duplex, 1970 Dated buildings, little neglected but liveableOwner finance: 20yr 6%rate with 20k down------------------------------------------------Total purchase 400KCurrent NOI: 41k Cap: 10 (Tax,Ins,Maint, Util)Gross rent 4500/mth-----------------------------------------------Upgrade, Est repairs: 60k After reno: NOI: 59K Gross rent: 6100------------------------------------------------Loan pmt: 2865/mth, 34k/yrCurrent Cash flow: 531/mth, 6,378/yrAfter reno Cash Flow: 2131/mth, 25,578/Yr-------------------------------------------------Added info- -Property line Joins with (growing) Community college-Tiny town-The Buildings are Currently "uglyish".- Current Rent is 150$- $200 behind market avg.I am very comfortable in single family homes in this town (own 18 SFH rented and performing well).

14 June 2024 | 7 replies
The other direction that I did with the attorney not only cost me $5000 or more, but the tenant promptly filed for bankruptcy, so there was nothing to be recovered.

12 June 2024 | 17 replies
Don't be strong armed.