
23 March 2024 | 12 replies
Hi everyone,So here is the deal.Started a PM company 10+ years ago as a subsidiary of our turnkey company (IMO it's a tough gig selling turnkey if you don't also manage in-house)Hated the PM business for a good 5 years or so.Then one day I woke up and smelt the roses and realized that PM is not so bad after all.That of-course came at a time when things actually started to work and we actually started to "work" the systems just as they should be worked lolWe have reached a point now where it's a pretty well oiled machine other than the minor $#@% that we fix on a daily basis.The business motto is systemize, optimize and monetize which is a work in progress but chugging along.I'm confident that with the operation as it is today we are at a point where we can start to significantly scale.Organic leads are flowing in nicely and we grow at between 10-15 units per month or so.My questions are:1) How do we potentially find other "mom and pop" shops what want out of the business and we purchase to take over?

23 March 2024 | 14 replies
The property sits on 0.37 acres and has lots of potential.

22 March 2024 | 9 replies
House hacking a duplex or fourplex can be a fantastic way to start building wealth through real estate while minimizing your housing expenses.To invest in real estate, define your investment goals, research potential markets, network with local investors, analyze properties, consider financing options, and perform due diligence.

22 March 2024 | 7 replies
I need to prepare for tax filing and potential audits, but I'm unsure if receipts for every expense are necessary.I had an incident where the PM mentioned a referral fee of $350 for a tenant, but the bill showed $400.

20 March 2024 | 6 replies
If you used that $100k to buy with hard money, you could find a value add deal and potentially move into a higher priced property or even a duplex.

22 March 2024 | 6 replies
The ADU does not have a private entrance; you enter on the side of the SFH and they both share the same back yard.It is at the top of our budget already and needs potential mini-split HVAC added to it to bring highest Air Bnb value.

22 March 2024 | 21 replies
This creates opportunities for short-term vacation rentals, potentially yielding high rental income during peak seasons.3.

22 March 2024 | 132 replies
These have potential to easily go for $100+ a night.

22 March 2024 | 12 replies
Consider expanding your search to emerging neighborhoods or suburbs, target niche markets like students or retirees for more stable demand, and renovate units for increased value and potential higher rents.

22 March 2024 | 5 replies
It's essential to understand the potential tax consequences before taking out a loan from a retirement account.Before proceeding with a 401(k) loan for the down payment on investment real estate, it's crucial to thoroughly research the rules and implications specific to your husband's retirement plan.