Ben S.
New tenants want unit tested for meth drugs
18 June 2024 | 31 replies
I haven't frequented enough meth labs to know, but I assume that there would have been strong evidence of a meth lab on the property.Depending on your area, the tenants may be able to get a copy of the police report.
Eric Lind
Mortgage Lender tells me to not pay full credit card balance?
17 June 2024 | 16 replies
You should have a variety of revolving credit and preferably a long history.
Spencer Feuerbach
New member from Boston -- Investing in Spain
18 June 2024 | 38 replies
Of course I still need to decide which part of the country I plan on investing in (it's possible I'm moving around the country frequently in the first year, so that is making me think about the most ideal location for an initial investment).Once established and with a track record in Spain, I plan on making my first investment here in the US, most likely in the Boston/MA area.In any event, I'm excited to connect and learn from those in this group.If you know anyone with international investment properties or contacts abroad, especially in Spain, I would love to connect!
Drew McLoughlin
Advice for my first eviction
15 June 2024 | 5 replies
My thought is you want to be very active and present at that property frequently.
Angel Lomeli
Selecting out of state market
15 June 2024 | 6 replies
I've noticed the forums provide a wealth of knowledge from individuals investing in a wide variety of strategies and feel this is the best place to start.
Michael Campbell
Loan for down payment
14 June 2024 | 7 replies
There are a variety of ways to borrow money, but banks often won't allow you to use borrowed money to purchase real estate.
Moses Sefah Bosompem
How Do You Conduct Market Research for Your Investments?
13 June 2024 | 7 replies
There's a variety of ways to get a deal in front of you (I'm mostly a flipper), but basically if it looks promising, I run custom comps queries and check the current & past $/sf of renovated/distressed product in that city or zipcode.Here's a chart on 90066 I generated from my tool under Market Stats > Sales Data > Specific Zip Code:- My above chart (more available) shows the Avg Renovated $/sf (High) over time in this Zip Code, something completely different than charts/providers based on Averages/Medians only, like every other platform (RedFin Below, https://www.redfin.com/news/data-center/):- Can't select smaller locations such as City or Zipcode for their $/sf data, so it's useless helping me underwrite/verify a deal.- Can set Zip Code for Median Sale Price data, but again it's the median/avg so it's useless helping me underwrite/verify a deal.Then if that looks decent, I'll run Sales Comps, and get a quick summary of some key metrics based on those comps.
Vasudev Kirs
Rental management portals to store sensitive documents
14 June 2024 | 3 replies
Every system you try will have flaws, or you may salivate over a feature that appears in other software.Some familiar names are mentioned frequently: Stessa, Apartments.com, RentRedi, TenantCloud, Innago, RentManager, Avail, Rentec Direct, Doorloop, etc.I recommend conducting thorough research on each app online to understand their offerings, pricing, etc.
Cameron Daste
Loan Strategy - How to Manage
13 June 2024 | 7 replies
Pay in more frequent installments?
Reese Shulman
Potential consequences to self-managing your rental properties.
13 June 2024 | 1 reply
Self-managing a rental property can lead to a variety of issues for inexperienced landlords, especially if they reside in a different state then the rental property.