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3 December 2024 | 14 replies
My goal is to scale up over the next few years and add another 10-20 doors.I ran across someone that is saying they are building quadplexes in the same town in Texas as my current rentals there, so I have some support system there.High level this is the idea on the deal:4 units constructed as 2 duplexes on one parcel.1250sqf 3/2/1 units$650k sale price, CME is $820k according to builder, will have a independent CME done if/as I move forward.Rent per unit is $1750 based on the other quad in the developmentBest guess at this point is about $16k/year cash flow at a 9.5% cap rate.Builder is a sister company of a established company in a related industry that has done "some" builds before but not a lot.
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1 December 2024 | 7 replies
I hope more people see this and avoid getting into a pickle with incompetent teams like I just did.FlipSystem is Scam System, they just use Fake Advertisement to Scam New Real Estate Investors, many people are into deep trouble by following their advise and even bankrupt ont!
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29 November 2024 | 18 replies
Even his posts are not getting up votes.
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25 November 2024 | 23 replies
@Omari Brown I am going to go with the minority vote here.
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6 December 2024 | 51 replies
All of our properties are held in LLC's where the operating agreements allow non-members to inherit a financial interest in the company but non-members are not allowed voting or decision making rights unless they are unanimously admitted as a member.
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19 November 2024 | 12 replies
Agree, Ring or some other camera monitoring system, security systems will have issues with alarms & beeping and other issues which might be a nuisance for guests.
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3 December 2024 | 22 replies
Plus, they all push you into using their tenant application systems, which are equally frustrating. ...I could maybe forgive these issues if I got tons of leads from these sites, but I don't get many leads at all (especially considering the prominence of a site like Zillow). ...all I want is a simple, streamlined, fast, easy to use site that produces lots of quality tenant applications, why is that so hard?
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26 November 2024 | 1 reply
Has anyone dealt with this requirement and if so, what systems do you recommend.
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27 November 2024 | 2 replies
Here's what I've learned:Inspections Are Non-Negotiable: Always get a full inspection, but don’t stop there.Plumbing & Sewer: Have the plumbing and sewer systems checked specifically, as these are common problem areas in older homes.Electrical System: If the inspector flags any electrical concerns, bring in an electrician during the inspection phase for a detailed evaluation.
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25 November 2024 | 22 replies
Smart Property Systems allows and owner to assign properties to an employee or associate.