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Results (10,000+)
Charles A. Reality Check:Real Wealth in Real Estate.
26 September 2022 | 0 replies
This is my first post in 3 years.The market is in a very different place in that time.There has been a pandemic,and interest rates have doubled.Social media posts from baby syndicators and operators have slowed,if not outright disappeared.No prizes for guessing why.If you are a newbie reading this,you should never forget this cardinal lesson:Real wealth in real estate is created with equity,not cash flow.And certainly not with transactions.That's why the maxim says "we make money when we buy,not when we sell".It's because you run into all sorts of factors that may be outside your control WHEN you sell,IF you have to sell.Equity builds over time.Slowly.Patience is a virtue.It's why long term buy and hold will remain the king of the real estate game.Not Flipping,not syndication,and certainly not vacation rentals.You must diligently prioritize buying and OWNING your own piece of dirt financed with LONG TERM debt,preferably conventional loan that is deliberately underleveraged in a niche unlikely to be legislated out of existence by sensible new city or county ordinances predictably aiming to protect the local economy.That's how you keep your assets in ANY cycle without having to close bad deals in order to make another buck for another day.Even if you like the passive side of investing in syndications,you must be smart enough to understand you never actually OWN those units.So when someone tells you they own 2000 or 3500 units,call BS.When prices and rents are surging with historic low interest rates,even a 12th grader can become a hotshot syndicator overnight with the right amounts of flashy social media posts with rented red Lambos,Richard Mille watches and private jets strategically inserted.When rates rise,as they have,and projections and proformas head for the toilet,we see many who have been swimming naked.The skinny bad deals closed in a blaze of hysteria and chutzpah circa 2017/2018 with 3% interest rates are coming up for refinancing or sale today.It's 2022.Many of them have 5 year balloons.That's the place the crash everyone has been debating to death is going to start.Exit strategy in real estate is more complicated than can be taught in a 3-day bootcamp.No matter how much you paid for the course.Keep it simple.Real estate is really very simple. 
Jarrod Askin Property Management Software for managers
29 September 2022 | 2 replies
Most PMC software will track income & expenses, but not aware of one that will do that PLUS integrate with Airbnb or VRBO and guest access programs.
Robert ONeill Unit / Property Inspection Software
1 October 2022 | 2 replies
I had a call with happy.co the sales rep seemed checked out and not helpful, plus they don't integrate with Yardi Breeze, so it was $1,000 min per month. 
Tripp Warren Advice on Financing Options for SFR
4 October 2022 | 5 replies
Hi All, I posted this on the facebook groups, but I wanted to get some advice from some of you that don't frequent social media that much. 
Amanda Thompson Vandalism - how to prove whodunnit!
27 October 2022 | 6 replies
Look them up on social media and see who's in a relationship with "Jai" or has "Jai" tagged in their social media photos.
Micki Parks Needing Input: Property Management Video Topics!
6 October 2022 | 7 replies
Hey @Micki Parks I'll send you can check out the Turnkey Bothers on all social media, YouTube and anywhere you listen to podcasts.
Henry Asencio Appropriate protocol to search for a realtor on BP
14 October 2022 | 15 replies
You can find Agents on all social media platforms.
Billy Zhao Can We Stop This "I Predicted The Crash" Nonsense?
3 October 2022 | 11 replies
Every day, on tv and media elsewhere, countless people spend endless energy and time trying to predict the outcome.
Sean T. Twitter Debate on "Due on Sale" for LLC Transfer
2 October 2022 | 12 replies
what you hear on mass media and the internet is rarely true. 
Henry T. VRBO "Hyperwallet" cold chill
4 October 2022 | 16 replies
But I’m integrated through API between my PMS and VRBO and process all payments on my own platform and dictate the rules.