Kylie A.
Best Business Bank Account For Real Estate Investor
28 December 2024 | 13 replies
Additionally, Chase Ink Business Preferred offers competitive travel rewards and may pair well with their banking services.Bundled Solutions: If keeping everything under one roof is critical, you might explore Silicon Valley Bank or First Republic Bank, depending on your location.
Saul Vargas
I have $150k and equity on my home, looking 4 a property with some cashflow.
21 January 2025 | 10 replies
I can do that for you if you are properly prepared with reserves and credit.
Henry Lazerow
Two warnings for the Chicago market! Section 8 lawsuits and fake tenants ID's
21 January 2025 | 9 replies
North side Chicago I have never even had to give a tenant a late fee and none of the tenants I have placed for clients have ever given them issues either, properly pickedĀ people pay like clockwork on autopay.
Jordan Meltzer
Where to invest my cashflow?
20 January 2025 | 8 replies
@Jordan Meltzer unless you find a screaming deal - a Class A property won't cashflow for 3-5 years.Class B: 1-3 years.Class C: most investors don't properly understand the risks, so should stay away from them.So, you may need to deal with negative cashflow, but plan on appreciation increasing your wealth.
Bryan Hartlen
Anyone have good experiences with their property management company?
18 January 2025 | 11 replies
Take ownership of your mistake and learn to do the proper due diligence recommended aboveš
David Ivy
Austin Market Report - December 2024
18 January 2025 | 1 reply
This reflects continued demand despite economic headwinds*Pending sales increased 3.1% in the metro and decreased 2.2% in Austin proper.
Natasha Rooney
Multifamily Properties in Indianapolis
17 January 2025 | 13 replies
that weāve learned in our 24 years, managing almost 700 doors across the Metro Detroit area, including almost 100 S8 leases:Class A Properties:Cashflow vs Appreciation: Typically, 3-5 years for positive cashflow, but you get highest relative rent & value appreciation.Vacancy Est: Historically 10%, 5% the more recent norm.Tenant Pool: Majority will have FICO scores of 680+ (roughly 5% probability of default), zero evictions in last 7 years.Class B Properties:Cashflow vs Appreciation: Typically, decent amount of relative rent & value appreciation.Vacancy Est: Historically 10%, 5% should be applied only if proper research done to support.Tenant Pool: Majority will have FICO scores of 620-680 (around 10% probability of default), some blemishes, but should have no evictions in last 5 yearsClass C Properties:Cashflow vs Appreciation: Typically, high cashflow and at the lower end of relative rent & value appreciation.
Zach Howard
LLC - many questions, please help!
12 January 2025 | 2 replies
@Zach Howard you pretty much MUST hold it in an LLC if you don't have the proper visa or greencard.1) Many attorneys over-hype the benefits of an LLC for each property.
Jay Hinrichs
New laws in Oregon now define who can wholesale and what license is required
9 January 2025 | 46 replies
this is what Oregon has done starting in July to regulateĀ the wholesaling activityhttps://www.oregon.gov/rea/newsroom/Pages/2024-OREN-J/Proper...Ā Ā
Sha Sing
Has anyone worked with ReadyREI in Saginaw, Michigan
20 January 2025 | 19 replies
If they pass all of the checks and have the proper income then they have a shot at moving in.