Sonja Montielh
New to investing but excited to start!
27 June 2024 | 3 replies
Hiring a Manager: Decide whether you'll manage the property yourself or hire a property management company.Tenant Screening: Develop a tenant screening process to find reliable renters who meet your criteria.Legal and Tax Considerations:Legal Structure: Consider forming an LLC or another legal entity to protect your personal assets.Tax Implications: Understand tax deductions available for rental properties, including mortgage interest, property taxes, and depreciation.Networking and Education:Real Estate Forums: Participate in forums like this one to learn from experienced investors and ask questions.Local Real Estate Groups: Join local investor meetups or associations to network with professionals in your area.Continued Learning: Attend seminars, webinars, or workshops to stay informed about real estate investing strategies and market updates.Starting with a rental property while keeping your condo as an investment is a great way to begin building wealth through real estate.
Rajesh Sharma
Permits/Licenses for rental SFH in Maricopa, AZ for out-of-state investor
27 June 2024 | 5 replies
Are they ususally reliable?
J Zhang
Does Landlord Insurance policy requires tenant screening?
26 June 2024 | 4 replies
It's important to thoroughly vet potential tenants to ensure that they are reliable and will take good care of your property.
Jonathan Greene
5 Tips To Create A Real Wholesaling Business And Not a Chop Shop
2 July 2024 | 108 replies
You could spend some time doing market research and eventually find a niche, an underserved market that was still pretty good with stable/reliable sales, solid comps and investor interest.
Kinnari Pandya
Best cities for real estate investment
27 June 2024 | 26 replies
If you're seeking a reliable income stream, checkout Cleveland.
Melissa Faraias
Pros and Cons of Section 8 tenants
25 June 2024 | 6 replies
The positive is that the payment is reliable.
Dana Kennedy
Housing Choice Voucher (section 8 housing)
25 June 2024 | 2 replies
Obviously there is a lot to discuss on this topic, but for a very quick glance, here are a few pro's and con's to consider when thinking about section 8 rentals:Pros:Guaranteed Rent Payments -> The government pays a significant portion (if not all) of the rent directly to the landlord, providing a reliable and steady income stream.High Demand -> There is often a high demand for Section 8 housing, reducing the risk of long vacancy periods.Cons:Inspection and Compliance -> The property must pass an initial inspection and comply with health and safety standards set by the local housing authority.
Tim Tafel
Which Is Better? Virtual Assistants or Joint Venture Partners?
24 June 2024 | 13 replies
Obviously the answer I'm sure depends on a number of factors (affordability, reliability, etc.)
Sunil Dhar
Estate planning in PA
25 June 2024 | 8 replies
Thank you @John Mason.Do you have personal experience with this firm or some you know is good and reliable ?
Justina Sirohman
Rehab Estimations in Cleveland, Ohio
26 June 2024 | 15 replies
@Justina Sirohman no one has created a reliable software program to do this yet - at least not one that is affordable for DIYs.So, knowledge, or access to it, is power for this topic.You'll either have to pay a contractor for bids, and/or learn how to price things yourself.