Jeffrey Edwards
Fail forward and fail fast is my motto
2 January 2025 | 1 reply
I ultimately invested $65 cash, $5k in legal fees, and $9.7k in operational expenses while owning the home, and walked away with $17.3k after a judgement.What made you interested in investing in this type of deal?
Jonathan Weinberger
I bought 1.5M worth of property in Detroit... Here are the numbers.
3 February 2025 | 56 replies
If the portfolio pays for itself and you don't have to pull out cash from somewhere else that is a win in my book.
Brandon Morgan
is an LLC necessary?
27 January 2025 | 33 replies
LLC's separate your personal assets from your investments and offer you protection from lawsuits related to your property, they can help to establish a more professional image if you plan to expand, and they provide some flexibility on how you are taxed.There are some drawbacks, included fees and administrative work, but it's ultimately best to consider speaking with a CPA to determine the best option for you.
Scott L.
Where to advertise/post a 44 property SFH portfolio for sale?
8 January 2025 | 4 replies
That may not apply to you, as a financial professional, but I thought I would share the story.Obiously you could re-lever your portfolio to bring the ROE back up, but then you have to place those borrowed funds somewhere that nets a high enough return that the portfolio is ahead, given the drag of the interest and any transaction fees.
Kmsuea Abdei
Should I sign an exclusive agreement with agent?
30 December 2024 | 12 replies
We recently looked at a property outside our agents area (2 states away) and found a fee that was added which we questioned and were told it was a mistake and was removed . . . not sure if it was a mistake but be sure to read these new contracts BEFORE signing as things have changed since August.
Sean Gallagher
Taking over an existing lease with addendums, RBP, BPP.
4 January 2025 | 11 replies
Wild how many fees PM's tack on to extract value from tenants ontop of rent.
Joel Oh
Focus on one platform
2 January 2025 | 50 replies
My cost to Airbnb is better than VRBO and the same as direct (I pay a 3% merchant fee).
Jonathan Bombaci
5 Ways To get Started with $100k or Less
30 December 2024 | 3 replies
We host Free Meetups in Boston, Worcester, Lowell, Manchester, Portsmouth, and Biddeford. 3️⃣ BRRRR Method (Buy, Rehab, Rent, Refinance, Repeat):Find distressed properties, add value through renovations, and refinance to pull most of your cash back out.
Marc Shin
need recommendations for curtain colors and rug colors
1 January 2025 | 22 replies
Pull colors from the rug for accessories.
Chris Agun
Using home equity to finance a multi-family
2 January 2025 | 5 replies
If you need money you pull from the HELOC.