Jordan King
Travel Nurse - First Time Home Buyer
6 January 2023 | 6 replies
You would need a good lender to ensure she *will* be able to refi when the time comes.
Katlynn Teague
What is your biggest draw back from working with wholesalers?
4 January 2023 | 11 replies
By doing your homework and understanding the market, you can make informed decisions that will help ensure your success as an investor.
Timothy Allen
Insurance Cancellation Due to Vacancy
5 January 2023 | 5 replies
My PM ensured me it would rent right away as they had people waiting.
John Bauer
Equity split between passive owner and experienced developer
5 January 2023 | 6 replies
Whatever that percentage ratio is after pro-form analysis should serve as a good starting point to the equity split.You are improving a property that has debt against it I assume so perhaps you want to include some additional provisions to ensure that debt is satisfied to the extent you are either keeping it on the new lot or paying it off.
Pratap Koppula
Unlock the Secrets of Real Estate Investment - Financial Analysis
5 January 2023 | 0 replies
To determine this, one must forecast the asset's income over a period of reasonable period, say five years.Cost review: Cost review is a vital part of due diligence to ensure project all project costs are considered.
Tammie Welch
Tenant Late on the Rent
6 June 2018 | 44 replies
This kind of policy will ensure that you have loyal tenants because so many landlords won't work with people.
Brian Schroeder
Centralized Place for all Checklists for Investing Process?
8 January 2023 | 2 replies
I am wondering if there is a centralized place that hosts all checklists for every part of the real estate investing process.For example: During the buying process, following this checklist to ensure you're following every needed step and also check for these specific things which can lead to a lower valued home (flood zone) or cause issues in the future.
Junior Soares
Newbie to 5 units in 7 months!
5 January 2022 | 227 replies
I guess it's just key to ensure the property has renters, is cash flowing positive, and you can pay back that HELOC ASAP.
Taylor L.
Building a $100 Million Multifamily Business: AI Weighs in
2 January 2023 | 8 replies
After I watched this video I decided to ask ChatGPT the keys to building a $100 Million multifamily real estate investing business (coincidentally I am writing a book on this topic)ChatGPT's Answer:There are several key factors that can contribute to the success of a multifamily real estate investing business:Develop a strong business plan: This should include a clear vision for the company, as well as specific goals and strategies for achieving them.Build a solid team: Surround yourself with knowledgeable and experienced professionals who can help you identify and acquire quality properties.Focus on a specific market: It can be helpful to specialize in a particular type of property or geographic location, as this can allow you to build expertise and become a go-to source for investors in that area.Invest in high-quality properties: Look for properties with strong potential for appreciation and cash flow, and be willing to put in the time and effort to make necessary improvements and updates.Utilize effective marketing and networking: Network with other professionals in the industry and use marketing strategies such as social media and targeted advertising to attract potential investors and buyers.Manage properties effectively: Proper property management is crucial for maximizing the value of your investment and ensuring the success of your business.Continuously look for opportunities to grow: Stay up-to-date on market trends and actively seek out new investment opportunities to continually grow and expand your business.This is a pretty good answer, and frankly it's amazing when you step back and consider that this service is brand new and 100% free.AI is going to change real estate investing, along with every other industry.
Darrin Wesenberg
Unique Land Contract Idea...
4 June 2015 | 12 replies
Make sure that you have your closing agent conduct a title search, buy title insurance if you want it, record the option, and pay the back taxes directly to the county from your proceeds to ensure they get paid.Happy Investing,Derek Dombeck