Wayne Chou
My 1st Multifamily - Thoughts and guidance to help gut-check my buy matrix
4 October 2024 | 4 replies
Doesn't make sense to me given that typically ROI includes the impact of appreciation as well as any other financial benefits.
Betty Urban
How do you do showings out of state property in Peoria, Il?
3 October 2024 | 2 replies
Having your handyman do showings could be a solution, but keep in mind that if he’s not experienced in tenant screening, it could expose you to more risk, especially with squatters or less reliable tenants.You mentioned using something like Showmojo for smart access, which is great for efficiency, but I’d suggest ensuring you have solid procedures for background checks and tenant screening if you go that route.As someone who’s owned a property management company for 5+ years and manages over 300 units, I’ve seen the impact of not properly screening tenants.
Jeffrey Hodges
Anyone using Virtual Assisstants for sourcing deals
1 October 2024 | 5 replies
Here is what I say will have the most impact on your ROI from using a VA to cold call for you:1) You need to plug in the VA into a system that works.
Daniel Alvarez
Excel template for financial analysis of LTRs
2 October 2024 | 12 replies
I've been ruminating over the low rate environment recently and whether to refi one or more of my long-term rentals, but I just struggled visualizing the full gamut of financial impacts, e.g. loan cost inefficiency, 30yrs vs 15yrs mortgages, maximizing cash flows vs cash-outs, tax positions, etc.
Deborah Wodell
Thoughts on Using DSCR Loans
3 October 2024 | 14 replies
How has using DSCR loans impacted your overall cash flow and ability to scale?
Ricardo Carrasco
How to help tenants pay rent in Asheville LTRs after hurricane Helene
2 October 2024 | 10 replies
This will impact my revenue and I've barely broken even in my first 2 years.
Michael Dallas
Young New Investor
2 October 2024 | 13 replies
Real estate investing can be a great idea for several reasons:Potential for Appreciation: Over time, properties often increase in value, allowing investors to build wealth through appreciation.Passive Income: Rental properties can provide a steady stream of passive income, helping to cover expenses and generate cash flow.Tax Benefits: Real estate investors may benefit from various tax deductions, such as mortgage interest, property taxes, and depreciation.Inflation Hedge: Real estate tends to keep pace with or outpace inflation, making it a good hedge against rising costs.Leverage Opportunities: Investors can use financing to purchase properties, allowing them to control larger assets with less capital upfront.Portfolio Diversification: Real estate adds diversification to an investment portfolio, potentially reducing overall risk.Tangible Asset: Unlike stocks or bonds, real estate is a physical asset that you can see and manage, providing a sense of security.Control Over Investment: Investors can influence property value and income through renovations, management decisions, and property improvements.Building Equity: As you pay down a mortgage, you build equity in the property, which can be accessed later through refinancing or selling.Community Impact: Investing in real estate can contribute to community development and improvement, positively impacting neighborhoods.These factors make real estate investing an appealing option for many people looking to grow their wealth and secure their financial future.It really comes down to investing in a growing market, in a good neighborhood & building a great team to support you.
Emily Poerio
Short term rental's cash flow is not great, should I walk from the purchase agreement
11 October 2024 | 30 replies
That impacts your ROI.
Kent Ford
What’s the Demand for Homes in Texas' Booming Cities?
2 October 2024 | 2 replies
The growth in suburban areas does seem to be a significant trend, but it’s fascinating to hear about the potential impacts of initiatives like Housing Forward.