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24 May 2024 | 6 replies
She will lose it.They are offering to pay off her $87,000 debt, they will remove the squatter, they will pour money into the property to ensure it sells for the highest value, and then they will give her an additional $240,000.She is getting $327,000 for a property that she is about ready to lose and it's probably affecting her mental stability and physical health.
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23 May 2024 | 5 replies
If possible, I think the best thing would be to boost earnings and use savings for your second primary.
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22 May 2024 | 19 replies
Regarding if you should DIY manage or hire a PMC:Many new investors read a couple of posts and then think self-managing their rental property, and avoiding PMC charges, is an easy way to boost their ROI.The reality, is that many of these investors really haven’t taken the time to properly understand what it takes to properly manage a rental property and the corresponding tenants.Here’s a list of some of the requirements to properly manage a rental property:Knowledge of all local municipality, state and federal landlord requirementsIntimate knowledge of all Fair Housing statutesUnderstand all federal privacy laws, as they’ll be handling social security numbers and IDsProper business insurance in the event their computer is hacked and or they improperly dispose of tenant data.Where to advertise their rental, other than ZillowWriting ads compliant with Fair Housing statutesCreating a process to accept calls/texts and schedule prospects to show their rentalA rental application and application fees that meet all local and state requirementsKnowing how to screen applicants to avoid professional tenants and the growing amount of fraudulent dataA lease compliant with all local, state & federal lawsUnderstanding local and state requirements regarding security deposit collection and holdingRent acceptance options for tenants and accounting system to track, including late fees, etc.Plans to handle nonpayment of rent issuesKnowledge of their local eviction laws or access to an attorney familiar with evictionsHow to accept, track and respond to tenant maintenance issuesBuilding a list of handymen and contractors for maintenance and turns between tenantsExpertise at evaluating tenant damages to charge against security deposit when tenants move outResearching local utility requirements to avoid suspension of services that could lead to frozen pipes or flooded basements, etc.
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22 May 2024 | 7 replies
Would a mega plant boost the local economy and real estate market?
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26 May 2024 | 102 replies
I think you have a great mentality of stepping back and looking at it as a brand new deal.
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22 May 2024 | 11 replies
@Patrick UlmerIf you're eyeing real estate to boost your wealth, start with these steps: Dive into learning (read, listen), set clear aims (do you want steady cash, value growth, or both?)
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22 May 2024 | 1 reply
Trying to get a mental sale in my head with this property I have linked to see what it would be like.
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22 May 2024 | 13 replies
In the end it took 100k off my tax basis which is still a large increase but I can afford it without having to sell and it gives me a huge equity boost so my quarter million dollar house is now a half million dollar house but it being taxed at 400k which was bound to happen sooner or later.thanks everyone for the help!
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22 May 2024 | 31 replies
But in my world it is the only metric that can comprehensively evaluate a real estate investment opportunity.Of course, the thing that boosts your IRR to the moon is debt.
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21 May 2024 | 9 replies
Boostly is good but they have been struggling to get people's sites up and going.