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23 December 2024 | 8 replies
I just got done with my required annual commission update for 2024 (I know I’m a slacker, I waited until the very end of the year lol) and the teacher of the class said that a high percentage of the number of agents who had their licenses revoked in 2024 were the result of being involved in subject to transactions that went sideways.
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19 December 2024 | 10 replies
The tenants in the 3 bedroom rental aren't in a protected class but I do not want to get in any kind of legal bind.
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16 December 2024 | 5 replies
This is my first time and I'm buying a fixer upper that needs a new compressor, roof and a total kitchen remodel.
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21 December 2024 | 6 replies
So even though the total housing numbers may go up, they are not meeting demand for the working class renters who need affordable housing.
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23 December 2024 | 34 replies
.: Why i do not like 1% rule- In virtually every market, the highest rent to value ratio is in the lower class area.
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27 December 2024 | 93 replies
I spoke with our attorney and he says we can file a class action.
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19 December 2024 | 3 replies
A handy search bar in the upper right makes it easy to find previous discussions, blogs, podcasts, and other resources.
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31 December 2024 | 32 replies
., etc. for example finding cash flowing investment properties which meet your ROI goal of 9% is NOT HARD heck almost every state (and likely every state) has a market which will achieve that but what does 9% mean without a dollar value if 9% is = to $200 or more okay that’s okay but if 9% means $25/mo. or alternatively if 50% ROI means $25/mo. doesn’t really matter much since although labor differs from area to area it doesn’t differ that much and also doesn’t really leave much room for error — so your minimum accepted ROI should also be couple within a minimum accepted $$ value (cash flow) and other minimums as well (i.e. min. equity, property types, property classes, etc.)Lastly as I mentioned achieving a 9% ROI is not hard and is achievable in every state; the HARDER part is to 1) achieve that AND 2) achieve 10-20% min.equity on the buy in or ARV AND 3) meeting your min. $ value AND 4) buying in a good/stable neighborhood/market AND 5) buying with some type of upside AND 6) etc. etc. etc. —- Again I’m not saying you have to do these things; it all depends what type of investor you are and what you are looking for however it is important to understand that if you shift the responsibility of either identifying the invest property or managing or any other aspect there WILL be a trade off — in this case the turnkey company has delivered on your goal of 8-9% ROI (projected... so TBC) and in return you have traded some of the other benefits of investing in RE for the convenience of not having to do much more than to look over the properties they have sent you and funding it from the comfort of your home, office, etc. ... again if this is the goal then you are on point but if the goal is to also partake in ALL of the other benefits of RE then you should understand that and not be surprised that it’s not a ‘stellar’ investment that checks all the boxes.
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23 December 2024 | 9 replies
One of the most important things to look for is the support during and after the class.
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17 December 2024 | 7 replies
I started my domain over 10 years ago when people first started going online trying to buy fixer upper houses.