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5 March 2024 | 27 replies
I actually thought about getting some stock pantry drawers and placing those in the closet.
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5 March 2024 | 11 replies
Hi Adam,I've always been a real estate guy but exposed my personal portfolio quite heavily to a regional bank ETF.I guess time will tell if I'll be a "Hero" or "Zero" lolCome on you Fed and reduce those rates 😁Real estate is and always will be my bread and butter tho.You can't beat the safety of a "brick and mortar" investment per se.My best advice would be if you are going to go down the path of investing in out of state rentals to have a growth mindset.Buying 1 or 2 isn't worth the risk or hassle and you might as well invest in your own back yard.10+ years in the industry and my most unsatisfied investors are the one's that build smaller portfolio's.If a property goes vacant and takes a few months to get it back performing, with a small portfolio that could impact cashflow of 30-50% for that year.Our investors that own 7,8 or 10+ properties, don't even feel it if 1 or 2 go vacant.Just my opinion and wishing you much success
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5 March 2024 | 11 replies
I want it to be nice, but i'm not flipping a high end home.This is an actual scope of work.
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4 March 2024 | 0 replies
I want to either leverage this to lower my rent to inadvertently pay for a storage unit in place of the basement, actually gain basement access, or keep it in my back pocket as there is a small chance my fiance and I want to break the lease early and this may be grounds to do so.
5 March 2024 | 7 replies
While not a big deal in the grand scheme of things, it does create delays and more items that I have to keep track of, that aren't actually productive.I understand a repeat customer may get priority treatment, it's when a desire to keep that customer happy by overlooking existing problems that come up later, occur.
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4 March 2024 | 20 replies
If you have an insurance claim with renters in the property and a homeowner policy I would expect the claim to be denied.The benefit of landlord insurance is that it will actually cover you, if you try to rent a house out with a typical homeowner policy you are simply not covered (even though you are paying premiums).Insurance is not where you want to go lowest bidder or look to cut corners - it is there to save your behind in the event of a major incident.
5 March 2024 | 26 replies
I may try to invest locally actually now that I understand I would need to fly back and forth very often to buy properties etc.
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4 March 2024 | 7 replies
I guess I just don't try hard enough.
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4 March 2024 | 8 replies
Also talked to various finance professionals to get creative on getting across the finish line.Initially it was me and one other GP, but we brought on a third GP to help us raise recently - pending him actually helping raise the funds.We're looking to raise 900k, 700k to close. 400k raised so far (including GP equity), 300k more needed, with 2 weeks left to close.
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3 March 2024 | 1 reply
I guess I can contact her contractor and ask some questions.