Harley Kendall
Should I get my license?
11 November 2024 | 8 replies
I suspect 90% of those who take the classes to become an agent are not active within 2 years.
Brian Quo
How bad is it to start off not cash flowing on 1st rental that is new construction?
20 November 2024 | 37 replies
When buy in some cheap Ohio area for example theres lots of risk with tenant issues but if you buy in a class A area for example north side chicago the deals run effortlessly.
Elia Caputo
Mother of 2 Teen girls w/2 short ter, 1 long term, 1 fixer-upper, 2 lot and growing.
7 November 2024 | 12 replies
Here's some hopefully, helpful cut & paste info:------------------------------------------------------------------------------------Recommend you first figure out the property Class you want to invest in, THEN figure out the corresponding location to invest in.Property Class will typically dictate the Class of tenant you get, which greatly IMPACTS rental income stability and property maintenance/damage by tenants.If you apply Class A assumptions to a Class B or C purchase, your expectations won’t be met and it may be a financial disaster.If you buy/renovate a Class A property in Class D area, what quality of tenant will you get?
Melanie Baldridge
What is recapture?
14 November 2024 | 10 replies
Getting the deduction when abandoned or at the time of updating those asset classes and also getting the assets off the balance sheet to avoid future gain from sale price allocation.
Brody Veilleux
Macomb County Michigan
10 November 2024 | 3 replies
@Brody Veilleux what balance are you looking for between Class A/B/C/D properties and ROI?
Matthew M.
Any tips for water damaged homes?
6 November 2024 | 2 replies
In our property, the house was open to the air in the damp environment of coastal Florida, no heat or A/C at the house.
William Kulow
How do we feel about fish?
8 November 2024 | 19 replies
Aloha,Poorly maintained tanks, and especially tanks in an environment that creates excessive condensation on the exterior of the tank, often drip onto the floor, damaging floorcoverings and underlying typical subfloors or hardwood flooring.
Brody Veilleux
Managing multiple bank accounts and accounting for them
9 November 2024 | 9 replies
More bank accounts will require more accounts to be connected to your accounting software.I personally don't like to have a checking account and savings account for each property(If you have 10 properties, that means 10 checking accounts, 10 savings accounts, 10 account numbers to remember, 10 checkbooks, 10 debit cards, etc)However, it will make using the class function easier when you do your books.Best of luck.
Christopher Stevens
3915 Oak Branch Circle W, Bartlett, TN 38135
6 November 2024 | 2 replies
How did you get that in today's rate environment (25% or 30% down)?
Connor Thomas
How to fix this BRRRR when my ARV is less than planned
7 November 2024 | 27 replies
@Connor Thomas see our cut & paste knowledge below:------------------------------------------------------------------------------Recommend you first figure out the property Class you want to invest in, THEN figure out the corresponding location to invest in.Property Class will typically dictate the Class of tenant you get, which greatly IMPACTS rental income stability and property maintenance/damage by tenants.If you apply Class A assumptions to a Class B or C purchase, your expectations won’t be met and it may be a financial disaster.If you buy/renovate a Class A property in Class D area, what quality of tenant will you get?