Chris Mahoo
Long term rental when you are not full time real estate professional
22 January 2025 | 10 replies
@Chris Mahoo many new investors don't take the time to properly understand RE investing.1) Many are using approaches from 2010-2018 when Class A property prices were so low from the Great RE Crash that an investor could cashflow and get pretty easy Class A tenants to manage.2) If you look at what investors were doing before 2008-2010, most were buying Class B & C rentals.To make it worth while, an investor either needs to Fix & Flip or invest & hold rentals for 10+ years.- Over a 10 year period cashflow will increase as rents increase (rents typically rise faster than property taxes, insurance, etc.)- The property should be appreciating, if purchased in a good location, increasing the owner's equity/wealth.- Rents will be paying the mortgage off, increasing the owner's equity/wealth.- If you hold a rental until death, you can pass it on with a stepped-up cost basis, limiting captial gains if then sold (limited by inheritance tax limitations).Too many newbies on this site trying to replace their day job income via "passive" real estate investing w/o digging deep enough to understand how it really works.
Hitanshu Shah
PM has breached contract; legal options for Out of State Investor?
15 January 2025 | 7 replies
@Hitanshu ShahDon’t expect to recover losses—it’s usually not worth the time or cost.
Kate Zieverink McMinn
New to ADU - Checklist or Cheat Sheet?
17 January 2025 | 6 replies
You could potentially tap into your existing utilities but there are other considerations that might make it worth separate utility laterals and services.
Paloma Wodehouse
Strong Tenant Laws & How to Protect Yourself
14 January 2025 | 8 replies
But don't let them know it.It amazes me how many of our members at MassRealEstate dot net have an Asset worth $300-500k Rent it for .5-1% of value and hardly pay attention to it, yet chase a tenth of a percent in CD rates;-)
Milena Garcia
Current listing with not enough showings
17 January 2025 | 13 replies
I am selling through a realtor since I believe the commission is worth it.
Luka Jozic
Experience of OOS investing in Cleveland after 1.5 years.
29 January 2025 | 107 replies
Take it for what it's worth.
Jacklyn Robins
Trouble renting units in Cincinnati
21 January 2025 | 27 replies
You need to demonstrate why yours is worth 40% more.
Darron Pierson
Jerryll Noorden's system
28 December 2024 | 26 replies
He is 100% solid, worth every dime he charges.
Vincent Plant
Hard Money Costs Too Much?
13 January 2025 | 15 replies
Most hard money lenders base their terms on the deal’s equity and your experience, so with a solid flip track record like yours, you should be able to find better leverage — especially if the deal has a strong ARV.What's the ARV on the property?
Katherine Lewis
Success w/Marketing to Special Occasion Groups?
13 January 2025 | 5 replies
Hey @Katherine Lewis, I have always felt this was a tougher row to hoe overall.It's not that it couldn't work, but the juice might not be worth the squeeze.If you go all in you have to do it for the long haul.