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28 March 2024 | 6 replies
There is no way to know what the lending landscape and his options will be in five years from now - that type of loan could still be available or there could be some differences - including nuance with the specific property, location, etc
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28 March 2024 | 10 replies
As a PM, I would be worried if a new owner did not ask me at least some of the following:- Company Specifics: first question should be are they licensed (how many properties do you manage, what type/class of properties do you manage, how many property managers on the team, how many years have they been in operation)- Pricing (what is the cost to manage the property (ies), is there a leasing fee (commission structure), is there an onboarding fee, is there an early termination cost, are there ad-hoc costs for maintenance, tenant screening, or miscellaneous costs - such as to appear in court if you have an eviction)- Service offerings (do you have a maintenance team, do you come equipped with a list of contractors/vendors, do you offer the software and portal access for tenants/owners, etc.)- Financial Services (you (owner) should think about what you want the PM to handle, if it is everything from paying bills to insurance procurement to P&L statements then ask that, if you don't want the PM so heavily involved in financials and just more on the surface level of the operations of the property then that is okay too!
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28 March 2024 | 8 replies
A few specific questions I have are listed below:1.
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28 March 2024 | 4 replies
Would love to conenct to hear more about the specifics and try to point you in the right direction.
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29 March 2024 | 11 replies
I appreciate you sharing some specifics on the risks with a real life example ( I have not been paying attention to that detail, so that is good education for me).I do get the idea that if it's a good year, I am missing out on good TSP compounding due to a loan for real estate.
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28 March 2024 | 16 replies
I've been consulting some of the most respected and world-renowned financial advisors over the past few days and the Infinite Banking concept is a joke in these circles and is referred to as a scheme, money-grab, and something that is used to abuse the trust of those that fall for it.I would love nothing more than to be proven wrong and learn a new strategy to help my clients.
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28 March 2024 | 13 replies
Can you provide more details on the specific tasks you wouldn't do?
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27 March 2024 | 0 replies
Now, 45% of investors believe the economy could head toward stagflation.Now, does this mean we are headed to a crash, bang, scary, violent, bad, awful, wrong, impossible, disastrous, hate, worst, hell…. fill in the media headline hyperbole…problem?
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27 March 2024 | 18 replies
Even if the contractor is out of money, borrowing the $3k to finish the job and get top dollar would seem the way to go.Nothing else is wrong with the house?
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28 March 2024 | 10 replies
They aren't going to look into anything until/unless you point out what the lender is doing wrong.