Daniel Purcell
Catch 22 Situation -DSCR Valuations
3 August 2023 | 7 replies
These lenders seem to over promise and under deliver.
Josh Edelman
Josh's Las Vegas Market Recap for April
1 August 2023 | 2 replies
So far, we have delivered over 480 properties.A general description of the properties and locations we select for our clients is below.Single-family3+ bedrooms2+ car garageOne or two stories1200 to 2000 square feetGenerally cost between $320,000 and $475,000 todayAs to locations, see the map below showing where most of our client’s properties are located.Below are statistics for the specific property segment we target.Sales - Median $/SF by MonthDespite the high-interest rates, $/SF is steady.
Nicholas Spinazze
Software Engineer Real Estate Investors
18 March 2023 | 10 replies
Delivered over 470 investment properties, >$120,000,000 delivered.2013 through 2021 appreciation averaged >15% and rent growth averaged >8%.
Kais Rona
NEWBIE FEELING MAJOR PARALYSIS
30 October 2021 | 19 replies
Here's some other things to SERIOUSLY keep in mind:)Many OOS investors set themselves up for failure because they don't truly take the time to understand:1) The Class of the NEIGHBORHOOD they are buying in - which is relative to the overall area.2) The Class of the PROPERTY they are buying - which is relative to the overall area.3) The Class of the TENANT POOL the Neighborhood & Property will attract - which is relative to the overall area.4) The Class of the CONTRACTORS that will work on their Property, given the Neighborhood location - which is relative to the overall area.5) The Class of the PROPERTY MANAGEMENT COMPANIES (PMC) that will manage their Property, given the Neighborhood location and the Tenants it will attract - which is relative to the overall area.6) That OOS property Class rankings are usually vastly different than the local market they live in.7) That a Class X NEIGHBORHOOD will have mostly Class X PROPERTIES, which will only attract Class X TENANTS, CONTRACTORS AND PMCs and deliver Class X RESULTS.8) Class A is relatively easy to manage, can even be DIY remote managed from another state.9) Class B usually also okay, but needs more attention from owner and/or PMC10) Class C can be relatively successful with a great PMC (do NOT hire the cheapest!)
Zhixin Wei
Listing property for rent
1 March 2021 | 6 replies
They'll deliver a sign out front so you'll get drive-by traffic as well.Zillow might have rent collecting tools?
Account Closed
Late payers, regulars, slow rolling every month
31 December 2018 | 26 replies
I usually hand deliver this to the door, but it can also be mailed.]Business NameBusiness AddressBusiness PhoneDear _____________________________,Your rent is now past due.
Kyle Smith
Grill for STR in Gatlinburg
7 August 2023 | 14 replies
They build to order and will deliver and install.
Julie Hassett
Diary of my 1st Rehab Buy-and-Hold in Baltimore City
7 August 2020 | 57 replies
Here's the quick and dirty on the deal:purchased from a wholesaler on the local REIA email listpurchased for $42K all inlocated in 21213 (Belair-Edison)delivered vacantWould like the rehab to come in under or at $30KWhat I've done so far (in order):answered wholesaler's ad/emailset up a showing (it was a very quick walk thru b/c tenant was there and didn't know I was coming)put in a cash offer over text messagewholesaler emailed me the original contract between him and seller and an assignment contractchose a title company (because this wholesaler didn't insist I use his) - first verified over the phone that the title company is familiar with how wholesale deals are structureddropped off my $1,500 EMD deposit at the title companyscheduled an inspection of the property through the wholesaler - this was delayed multiple time because tenant vacated later than planned and the electricity was shut offcalled BG&E to get the power turned on in my name (even though I didn't own the property yet) so that my inspector could properly check the boiler and electric systempurchased a lockbox and left a key on the front door for BG&E to verify that the property was vacant - they most likely required this because the previous tenant had a large unpaid balancegot a full inspection from a licensed inspector (who is also a contractor, flipper and appraiser), which took about three hours altogether and cost me $375Met the neighbors and gave them my phone number in case anything funky happened at the property.
James Dean
Marshall Reddick Class Action lawsuit
21 March 2022 | 22 replies
After that, almost everyone lost due to one reason - Marshall Reddick was scamming you into the web that could not and would not deliver.
Nathan McBride
Poll: Do you accept partial payments?
16 March 2023 | 17 replies
It is the responsibility of the tenant to deliver all of the rent to the Landlord, if the funds are missing or late, everyone is responsible.