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6 March 2018 | 33 replies
LOL.. and those folks don't post on BP.. on BP its all blue sky rentals are the way to financial freedom quit your day job.. live the life you deserve etc etc.. well for some for sure.. for many NOPE.. they are like why did I do that.. and they exit no matter the loss.now this is more prevelant in the lower value asset markets.. not all markets are like this.But I look at when I started hard money lending in 01 for turn key and I started in Detroit.. the homes there appraised at that time for 120 to 140 each rented for what they rent for today 800 to 900 in those days the .05% rule was fine.. we loan 80k as a HML .. well those homes tanked as you probably know many went down to less than 10k in value.. thankfully the 200 plus I did there I got refinanced out of them all. but you know long term lender lost their lunch and so did most of the investors in those days.I am not prediciting another major meltdown.. but even break even is not a good position to be in with rental properties in my humble opinion the risk/reward and hassle factor just weights on you.. but I know I am in the VAST minority in my thinking.So my thought is you really need to get these things paid for and keep them forever.. but life happens and I would say 80% of people that have that thought process going in never make it past about 7 or 8 years.
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19 April 2018 | 3 replies
Because of the long arm of the California Franchise Tax Board and what they consider doing business in California, my LLC will be deemed to be doing business in California, since I'm managing the LLC from California, even if if the property is located outside of California.
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4 March 2018 | 35 replies
Right under the dial is an override key hole.
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25 February 2018 | 4 replies
I’ve ‘lurked’ boards, read books and blogs but just haven’t been able to actually make a move beyond a personal traditional real estate purchase.
8 March 2018 | 4 replies
They key thing is to use an escrow company that you trust (since they will be handling the cash) and also make sure you trust the realtor you're working with.
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27 February 2018 | 9 replies
I reached out to my old boss, Rob Key at Enlarge Media in Los Angeles.
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1 March 2018 | 8 replies
The key is to 'normalize' the data and put in either standardized flat file format or bulk import to a DB with MySQL query capability.
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25 February 2018 | 5 replies
With ST you have to keep up with reservations/answer more questions/a little more maintenance, etc... one of the keys is having a great cleaning crew - which we do thank goodness!
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15 December 2018 | 9 replies
There are many boarded up houses in 32206,08,09,19,and 54.
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4 March 2018 | 36 replies
She's a fellow Californian and buys out of the area specializing in turn-key property.