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15 November 2024 | 32 replies
If you want an in-depth view I would:- Research government statistics (population growth, median prices, appreciation, etc)- Qualitative research- Go to meetups, talk to investors (you won't find it hard to find someone investing out of state in OH)- Use softwares like rentometer, Vestmap, etc that's what I always say.
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23 November 2024 | 26 replies
One thought if Scottsdale still owned the notes was, see if we can buy them at a discount and make a spread on re-selling them, but having seen that interview, you're probably correct that they had already sold them on anyways, keeping that spread themselves (which never got back to investors!
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15 November 2024 | 7 replies
We use accounting software that codes the income and expenses to the property (called a class) so we can run P&L;s on each property with ease.Your accountant and bookkeeper will also thank you later for keeping it simple and avoid significant accounting costs.
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15 November 2024 | 4 replies
@Yixin Huang we use a property management software which keeps the communication centralized and updates them on status.
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15 November 2024 | 4 replies
are you going to be able to buy deals at a deep enough discount for them to work as a BRRRR?
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17 November 2024 | 33 replies
things missing in your list (everyone manages differently, so take it with a grain of salt)Vacancy rateTurn overbad debt legal fees (evictions as needed)accounting fees for professional tax prepmaintenanceProperty TaxesSales Tax on PM fees (In NM, this is charged, not sure about where you are)Reserves for replacement CAPEX - furnace, water heaters, ac, roof, parking lot, etc.Admin, software, advertising, etc.Cost segregation study for accelerated depreciation captureAs for your loan.
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14 November 2024 | 2 replies
What kind of software do you use if you don't like to drive for dollars ?
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14 November 2024 | 3 replies
My understanding of the current text messaging compliance is that it's OK to send unsolicited texts as long as you don't use some kind of software/automated technology.
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14 November 2024 | 2 replies
Based on my experience, you either pay some more but get a high-quality service, or you have really raw but cheap software.
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19 November 2024 | 14 replies
The right property owner you are looking for is someone who are looking for long term stable income, don't mind take a little discount and maybe waive the first month rent if you can somehow convince them.