Karolina Powell
Questions to ask when touring a multi family
21 July 2024 | 12 replies
Thanks Hi Karolina, I meant to comment on your previous mixed use post, provided 50%+ residential and 85% occupancy should be several reputable lenders that can provide workable terms.
Courtney McCall
If you could start a property management co. from scratch…
19 July 2024 | 12 replies
Your competence will ultimately drive your reputation.
Justin W.
Thoughts on this? Did this realtor violate anything?
18 July 2024 | 29 replies
They worked as a team in this entire thing.So here we go...A person sold a piece of land 3 years ago, reiterated in the deed "this conveyance is made subject to the restriction that no mobile or manufactured homes shall be placed upon the subject property." as the restriction had been in a previous, distant deed.
Darrell Kirby
Buyer backed out after closing
20 July 2024 | 21 replies
My agent is from a reputable firm (KW).
Grant Stepanic
10 Steps To Take For Out Of State Investing
18 July 2024 | 2 replies
Options may include traditional mortgages, private lenders, partnerships, or even self-directed IRAs.Calculate all potential costs including property acquisition, renovations, property management fees, taxes, and maintenance.Property Selection and Due Diligence:Use your local team to scout properties that match your investment criteria.Conduct thorough due diligence including property inspections, financial analysis, and reviewing rent comparables (rental rates in the area).Make Offers and Negotiate:Submit offers based on your research and due diligence.Negotiate terms that are favorable to your investment goals, taking into account potential repairs or improvements needed.Close the Deal:Once your offer is accepted, work with your local team to complete all necessary paperwork and close the transaction.Ensure all legal aspects are handled properly, including title searches and property inspections.Manage Property Remotely:Hire a reputable property management company to handle day-to-day operations such as tenant screenings, rent collection, maintenance, and emergency repairs.Establish clear communication channels and expectations with your property manager.Monitor and Adjust:Regularly review your investment performance and financial metrics (cash flow, occupancy rates, expenses).Stay informed about market trends and adjust your strategy as needed to optimize returns or mitigate risks.Long-Term Strategy and Growth:Evaluate opportunities for portfolio expansion or diversification in the same or different markets.Continuously educate yourself on real estate investing best practices and market dynamics to make informed decisions.By following these steps diligently and leveraging local expertise, you can effectively navigate the complexities of out-of-state real estate investing and build a successful portfolio over time.
Piyush Josh
Does anyone have feedback on Phoenix American Hospitality and their fourth fund?
18 July 2024 | 6 replies
The best sponsors build their reputations and investor base on long-term performance and trust.
Sarah DeMamiel
$400,000 To flip or to brrrr? Or both?
21 July 2024 | 64 replies
I have an investor savvy real estate agent, a contractor with references and a good reputation, a number-crunching account as a husband.
Jack Lindstrom
Section 8 vs. Househacking a Duplex or Triplex
18 July 2024 | 11 replies
The biggest drawback I am having is calculating cost for repairs & finding a reputable contractor for a fair price - I know nothing about renovations right now.
Mark S.
Investing in Turnkey International Coffee Farms
19 July 2024 | 35 replies
Here is a question, would the radio show hosts bet their reputation on someone that was completely out to lunch?
Joel Oh
Anyone had sauna for their Airbnb?
16 July 2024 | 5 replies
I ended up purchasing a ready to go 8 person barrel sauna from a local manufacturer.