Dean Malka
Rehab costs estimations
18 December 2024 | 11 replies
Labor/material are going to be different and need to factor that in4) new roof, new HVAC, new water heater, ac panel, replacing plumbing to PVCThese are very variable, if you are getting this from a licensed guy to do it and unlicensed.. is it a big shop or a local shop doing it, is the GC doing it they will put some money on the top so it will be more money5) framing (creating new bedrooms or baths)I would get all these quoted from a good couple of licensed guys and unlicensed to know your numbers to cents
Sino U.
If you were to start now, where would you choose?
11 December 2024 | 12 replies
But the Midwest duplex in a good school district neighborhood.
Reeti Peshawaria
STR regulations for a new market
29 December 2024 | 11 replies
Also watch for neighborhood HOAs some will have restrictions.
Weronika Jedrak
Finding tenants for MTR
26 December 2024 | 27 replies
The unit is located in South Jersey, 15 min outside of Philadelphia in a nice, vibrant neighborhood, close to amenities and public transportation.
William Bohan
Long term landlord approaching retirement looking to maximize income
31 December 2024 | 18 replies
We have increased our monthly rent to price ratio from your ~0.75% to 1.1% but the leverage ate up all the extra cash flow (even if the total return is likely higher).You could be a cash buyer and go from your one property to 20 and cash flow 20000/mo but you are still having to buy and manage 20 properties.You can do better on the total cash flow in other markets or rougher neighborhoods, but the story is similar: you are getting an extra ~25-35% in income for 20x the hassle.
John Cooper
Difficult Tenant: Escalating Issues & Safety Concerns
25 December 2024 | 10 replies
I acknowledged his concerns but was unable to resolve the issue.Since the tenant moved in, I have experienced escalating issues with his behavior, including:Lease Violations:Moving items without permission (furniture, safe, carpet cleaner, TV from his room to another tenant's room).Accumulating boxes in the garage, potentially exceeding the agreed-upon storage space.Installing a security camera in the common living area, which is a direct violation of the lease agreement.Failure to submit a work order for alleged issues with the smart lock, as required by the lease agreement.Behavioral Issues:Aggressive and confrontational communication.Unfounded accusations and personal attacks.Refusal to communicate through agreed-upon channels.Loud and disruptive late-night behavior (banging on the door, kicking the door) due to alleged difficulties with the smart lock, often accompanied by profanity.Harassment of my son, the designated on-site property manager, by making disparaging remarks about me and refusing to cooperate with him.Potential for Neighborhood Disruption: The tenant's late-night outbursts have the potential to disturb neighbors, although no formal complaints have been received.Unreasonable Demands: The tenant unreasonably demands advance notice of my access to the property for storage purposes, despite the prior agreement and my right to access common areas and my own storage spaces.Safety Concerns:While the tenant has not directly threatened us, his actions, including the harassment of my son, have created a concerning and unsafe environment for my son and me.Goal:My ultimate goal at this point is to evict the tenant due to his ongoing lease violations, concerning behavior, the harassment of my son, and the potential for neighborhood disruption.Questions:1.
Lenny Montesano
Young aspiring real estate investor seeking advise
3 January 2025 | 26 replies
Here are some key steps to get started with the BRRRR method:Keep Learning: Stick with reading and watching videos from experts like David Greene and Brandon Turner.Get Your Finances in Order: Save up for a down payment, check your credit score, and look into getting pre-approved for a loan.Research Markets: Find neighborhoods with growth potential and high rental demand.
Cristina Melo
Is Boots on the Ground by Brian Grimes a Legit Program
2 January 2025 | 13 replies
Anyone telling you to buy 80k properties in class D neighborhoods and rent them to section 8 for 2200/m is not doing you any favors.
Liz Lynn
Mobile Home Rentals
18 December 2024 | 2 replies
Mobile homes can sometimes be more expensive to insure, so it’s good to shop around for quotes.Resale Value: If you ever decide to sell the mobile home, understand that its value might not increase over time.
Paula Impala
Norada Capital Management suspending payments
31 December 2024 | 418 replies
Imagine if the investors approached it as a work-shop to co-op networks, ideas, resources to change direction of things....