Johnny Lynum
Multifamily vs. Single-Family—What’s Your Take?
17 January 2025 | 20 replies
They don't mind higher vacancy rates then SFH might be an option.
Michael Plaks
EXPLAINED: sending 1099s to contractors and vendors
15 January 2025 | 13 replies
created a free eFiling option for 1099s directly with the IRS.
Jimmy Rojas
Roughly what interest rate and term am I looking at in my situation
10 January 2025 | 1 reply
Hey Jimmy, I'm not a lender but have a few good ones I can connect you with to discuss your options.
Jamie Parker
Vacant Lot Purchase
8 January 2025 | 7 replies
Used what I know from wholesaling to come up with the estimations The numbers is used are based on a these assumptions:- Cost to build* (2024) = 150/sqft National average, 141/sqft Tennessee Average (Source: Houzeo https://www.houzeo.com/blog/how-much-does-it-cost-to-build-a-house-tennessee/#:~:text=The%20average%20cost%20per%20square,idea%20of%20the%20construction%20costs.)- All in Cost = Cost to build * Square foot - Sales Price = All in Cost + (All in cost * 20%)* Covers contractor and soft cost on either fee based or cost+- Profit = (Sales price - (Sales Price * 7%))* - All in Cost accounts for agent fees and closing cost- Initial List Price = Sales price + 10% A buffer to test market absorption- Break Even being All in cost, point where everyone is paid except me. - List price is to test the market absorption at "x" price. 250k land + build.
Chris Cox
Long time learner - jumping in!
17 January 2025 | 7 replies
If you have questions or want to discuss financing options down the line, feel free to reach out.
Zach Howard
New, hungry, eager to start while also patient. Large risk appetite.
10 January 2025 | 17 replies
It's a good time to review markets, but living in China there are a lot of other closer, international markets that could be options as well.
John Kim
Anyone Have Experience with Section 8 in Detroit?
30 December 2024 | 18 replies
@John Kim @Travis Biziorek is 100% correct.S8 really isn't difficult, but it's not the answer to everything that the self-proclaimed "gurus" make it out to be.With S8 tenants, you're just trading one set of challenges versus direct paying tenants.When we advertise a rental, we take the best tenant we can find, immaterial of their source of rental funds.You want to be careful investing in the City of Detroit because there are a lot of "crooks" trying to sell you Class D properties dressed up to look like Class C or B.Connect with us or Travis for more info!
Ram Gonzales
Creating a debt fund for owner finance strategy
15 January 2025 | 29 replies
It might be the way I have to keep going but it's why I'm exploring this fund option as an alternative.1.
Josh Ball
Unique STR ideas/feedback
14 January 2025 | 18 replies
We are doing really well, though, and have a lot of options for growth now.
Victor Adekunle
3 Proven Strategies to Help Real Estate Investors Generate More Deals & Maximize ROI
14 January 2025 | 0 replies
Use Automated Follow-Ups to Build RelationshipsMost deals aren’t closed on the first contact, which is why follow-ups are essential.Example Workflow:Day 1: Send a thank-you email after a seller contacts you.Day 3: Share a case study of a seller you helped.Day 7: Send a friendly reminder with a call-to-action like “Let’s schedule a quick call to discuss your options.”Pro Tip: Mix email and SMS follow-ups to keep the conversation warm.Why It Works:Automation saves you time while nurturing leads until they’re ready to sell.3.