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11 June 2024 | 15 replies
You also need to understand what the current zoning is and and current development value.
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11 June 2024 | 6 replies
Any other possitive factors - stable tenant base - alarm systems - regular checks on the property - no pets - Lead safe certification - newer roof, plumbing, electric, etc..Anything to balance off the lossesBe prepared that it may end up in a non-standard (surplus lines) market for a couple of years.If you did not have flood coverage before, see if they will continue the current policy if you get Flood coverage and increase the property coverage deductible.
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10 June 2024 | 30 replies
It's something Jerry Norton released recently to the public to pull data.Did some quick data comparisons for fun between 2 other platforms I currently use - PropStream and MLS (I'm licensed in Florida)I specifically searched for a handful of On-Market properties (active/closed transactions) and noticed the following:- You can't search for specific properties on PropWire- PropWire data isn't up to date (30+ day discrepancy) compared to PropStream; neither is up to date compared to MLS (3rd party data providers hardly ever are)- PropWire estimated value vastly different from PropStream value (50k+ difference in most instances)- No property photos (yet)Initial thoughts: It's a brand new tool and can't imagine it was gonna be great out of the gate.
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11 June 2024 | 6 replies
I currently own a couple multi-family properties that are all LTRs and work a full time 6-figure job, so becoming an RE pro is almost impossible.
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11 June 2024 | 4 replies
Currently, we have them in a money market savings account, but I believe there are better options out there that offer higher returns while still being liquid and low-risk.I'd love to hear from other operators:Where do you park your reserve funds?
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11 June 2024 | 6 replies
I am currently a W2 employee.
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13 June 2024 | 31 replies
Anyone extremely pleased with the software they're currently using?
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10 June 2024 | 9 replies
I've been sucked in lately, and been learning all I can; I'm 21 currently, with a goal to own 5 cash-flowing rentals by the time I'm 30.
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10 June 2024 | 1 reply
Everything was original and needed updating to make it appealing to current buyers.
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12 June 2024 | 27 replies
If your current carrier inspects or if you try to change carriers, you may have issues.