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15 May 2024 | 22 replies
Pointed out downspouts not being long enough, flaking paint (minimal), windows that are older, provide furnace reports from HVAC tech, "remove sliding latch from bedroom door" to name a few.
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11 May 2024 | 4 replies
Challenge: 1 tenant makes enough $ to comfortably afford the rent on their own.
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14 May 2024 | 11 replies
Everyone who has responded has provided tremendous insights, I’ll definitely look into the YouTube channel as well.Quote from @Mindy Nicol: Hi Scott, I have 2 rentals that I self manage and am really happy with Lodgify to coordinate messaging, sync calendars etc.
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13 May 2024 | 16 replies
If you aren't doing this with an LLC or other company, then the money is "still all yours" - you can freely do as you please with those funds (once the rents accrue enough for you to have a comfort level).I would suggest you contact a good accountant (CPA) knowledgeable in real estate matters to assist you with starting up your accounting system for this rental.
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13 May 2024 | 2 replies
Mapping and GIS are great too, but we'll stick to the nuts and bolts here.My question is, with regard to providing high quality, investment-savvy title research, do you also make a habit of jumping down to City Hall or another series of municipal buildings to check for zoning, permitting, and utility issues in addition to your courthouse work?
13 May 2024 | 1 reply
Additionally, working with a local real estate agent can provide valuable insights and assistance in your search for the perfect neighborhood in Birmingham.
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13 May 2024 | 4 replies
Your local REIA can often provide similar information at a fraction of the cost, allowing you to allocate your saved capital towards your first deal.
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13 May 2024 | 12 replies
Also, be careful with exit strategy where the more rural areas may provide more cash flow, but may not appreicate and are gonna be tougher to sell in a down marketGino
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13 May 2024 | 3 replies
Thanks for any information you can provide!
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13 May 2024 | 3 replies
You have to provide the money to purchase the new property.