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Results (10,000+)
Todd Powell How I Created an Additional $7,000/Mo. Cash Flow in 4 Years!
21 July 2021 | 254 replies
I enjoy analysis of course, but also enjoy the human element
Luke Milligan 28 years old and just getting my feet wet
17 February 2020 | 1 reply
But this past couple weeks I learned that REI isn't just an outdoors store ;) So I've been doing a bit of research, reading, watching and listening and the last webinar was great so I signed up for BPPro.
Julian Montes Becoming a realtor as a career?
21 March 2020 | 27 replies
Dooley, that is one element that I am definitely taking into consideration.
Lisa Fryer CrossMod homes by Clayton
30 January 2021 | 15 replies
I will look and see where I have stored this information and post from one of my manufacturers.  
Peter Giammanco Reviews on using RentRedi?
16 May 2021 | 10 replies
I've searched the Google Play Store for 'Rentredi Owner' and every variation of this phrase and haven't found it.
Sameer Jain Investing through self directed IRA
18 February 2020 | 7 replies
@Sameer JainPer https://www.solo401k.com/how-to-qualify-for-a-solo-401k-account/ ...Opening a Solo 401k account requires two elements of qualification:You must own a businessYour business must have zero employees (employees defined as those who work for you more than 1000 hours per year and receive W2 wages)Can I own a business on the side of the W2 job I work?
Raj Jian Mix Use Property - Trenton, Newark, Englewood open to suggestion
21 February 2020 | 6 replies
Prefer a mix use where I can either rent the store below or open my own store and rent the above apartment or a single store.2.
Chris Hopper What's your end game?....
11 March 2020 | 6 replies
Another HUGE element of the action plan is mindset (often overlooked). 
Mark Negley The Book on Rental Property Investing by Brandon Turner summary
17 February 2020 | 2 replies
Or offer to help them fix up a unit for free.Real Estate Agent Invests themselves Responsive Hungry Tech-savvy One-on-one supportTo find: ReferralsAfter you find 3: Sit down with each of them Lender(s) Start looking now and start building a relationship with a few Contractors and handymenHow to find: Ask for referrals Check references The 6:00 a.m. home depot trick Ask store employees Make them compete Bookkeeper Keeps you organized and get your taxes ready CPA Looks at the bigger picture Saves you money in taxes Ideally, someone who specializes in real estate Lawyer Helps you set up leases and other forms and prepare you for the best legal entity for holding the properties Help with evicting a tenant Advise on any sketchy situationHow to find: Ask for referrals Insurance agent Ideally a broker Property manager Cost around 11% of monthly rent Interview a couple to get the detailsCh. 5Analyzing a Rental PropertySunday,September 8, 20199:20PMCalculating IncomeTo determine rent, look at: location Number of beds and baths Amenities like ac, parking, and appliances SizeHow to determinethese: Constantly scan the local paper (daily and weekly) Check craigslist often Check the competition and property management companies’ websites Read “for rent” signs - call the phone and act as a tenant to gather info Talk to other landlords - look for REIA When your unit goes vacant, bump up the rent Too many applicants = price too low Check the MLS (multiple listings service)Estimating Rental ExpensesEasy to calculate: Mortgage — mortgage calculator Interest rates - ask a lender Insurance — call the insurance salesman for quote Water — call the local water department Tenant can pay Sewer — call local water of sewer department Tenant can pay Garbage — call rubbish company Tenant can pay Gas — call the gas company Tenant can pay Electricity — call electric company Tenant can pay HOA fees — call HOA president Snow removal — ask local landlords or snow removal company Tenant can pay Lawn care — ‘’ Tenant can pay Property management — Ask local managers in the area Usually around 10% of monthly rent and 50% of a first months rent (just call it 11% Incase they charge a fee) Even if you don’t want the manager now, you will eventually.
Donald Swan Buy one first, then the other?
21 February 2020 | 3 replies
The building next to the coffee shop is for sale by owner, needs approximately $20,000 in repairs, has two store fronts (one rented, and potentially two) and one or two upstairs appts.